U.s.
U.S. stocks continued to rise across the board overnight with the Dow up 0.69%, the Nasdaq up 1.59%, and the S&P 500 up 1.20% on the weak manufacturing PMI index, which the market believes could accelerate the Fed's interest rate cut.
Affected by the PMI data, the demand for crude oil was stimulated, with WTI crude oil futures breaking through $83 per barrel and Brent crude oil breaking through $88 per barrel.
Popular Chinese concept stocks generally rose, with the Nasdaq China Golden Dragon Index rising 1.96%.
A shares
Today, the big A shock rebounded, many themes related to technology stocks rebounded sharply, and northbound funds also turned to net buying, but the market volume is still not high, and the index rebound is relatively limited.
At the close, the Shanghai Composite Index closed at 3,044.82 points, up 0.76 percent, the Shenzhen Component Index closed at 9,251.13 points, up 0.74 percent, and the ChiNext Index closed at 1,765.41 points, up 0.70 percent.
The ratio of individual stocks in the two cities is 4:1, and more than eighty percent of the stocks have risen, and the money-making effect has expanded.
The total turnover of the two cities was 795.3 billion yuan, an increase of 20 billion yuan from the previous trading day.
Hong Kong stocks
Hong Kong stocks continued to rise sharply today, with technology stocks rising sharply, with the Hang Seng Index up 2.06% and the Hang Seng Technology Index up 3.43% as of the close.
Southbound funds continued to keep their heads down and buy, with a cumulative inflow of 1.949 billion yuan throughout the day.
As for the recent sharp rise in Hong Kong stocks, we have already explained it in yesterday's article, and we will not repeat it today.
Northbound funding
Northbound funds have been a little restless recently, and today they turned to net buying, with a cumulative net inflow of 4.606 billion yuan throughout the day.
Among them, the Shanghai Stock Connect net purchase was 3.070 billion yuan, and the Shenzhen Stock Connect net purchase was 1.536 billion yuan.
Sector performance
Today, the TMT concept followed the peripheral surge, AI, CPO, computing power, data elements, semiconductors and other directions rose sharply, and low-altitude economy, robots, tourism, insurance, nonferrous metals and other sectors rebounded and rose.
A few sectors such as coal, agriculture, banking, and real estate closed slightly lower.
Reviews
Although individual stocks rose today and the index closed up across the board, the overall rebound was relatively average, with a trading volume of less than 800 billion yuan, and today's rise in the northbound direction also helped.
At the technical level, whether it is volume or price, the market has not really turned upward, and the GEM is still below the 60-day moving average.
Fortunately, Hong Kong stocks have risen sharply recently, which has also played a certain role in boosting the big A.
This month, it is good for Big A to be able to live horizontally above 3000 points, but then we are going to meet the month of "Infinite Six Uniques", I hope that Big A will be gentle, don't be too cruel...
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