Reporter: Ye Feng Editor: Peng Shuiping
The market fluctuated throughout the day, with the three major indexes mixed. On the disk, chemical stocks collectively strengthened, pharmaceutical stocks rebounded as a whole, logistics stocks moved in the afternoon, and low-altitude economic concept stocks performed differentially. On the downside, military informatization stocks fell into adjustment. Overall, stocks rose more and fell less, and more than 2,900 stocks rose in the whole market.
In terms of ETF trading, CSI A50 ETF increased in the afternoon, showing signs of capital intervention.
In terms of ETF gains, Hong Kong innovative drug ETFs rose more than 2%, and healthcare, transportation, banking and other ETFs rose more than 1.6%.
Some brokerages said that the operation of the medical insurance fund will be generally stable in 2023, and with the establishment of an innovative drug support mechanism covering the whole process of declaration, review, calculation, and negotiation by the National Health Insurance Administration, more new drugs and good drugs are expected to be included in the medical insurance, and innovative drug R&D-related enterprises are expected to benefit.
On the downside, the Nasdaq Technology ETF fell 3.5%, and Nikkei-related ETFs fell more than 2%.
On the news, Meta released a solid first-quarter earnings report, but the stock fell 15.2% after hours due to the renewed increase in AI (artificial intelligence) capital spending and lower-than-expected revenue guidance for the next quarter. Meta's disappointing first-quarter earnings report has tech investors nervous as some tech giants report results in the coming days.
In addition, the continued decline of the yen has caused market concerns, and in the New York foreign exchange market this week, the dollar rose to 155.741 yen per dollar, refreshing the level of yen depreciation and dollar appreciation since June 1990.
Some brokerages reminded that when investing in the Japanese stock market, Chinese investors need to fully consider the exchange changes between the RMB and the yen, and pay attention to factors such as the downside risk of the global economy, the risk of Japan's economic weakness, and the uncertainty risk of the timing and magnitude of the Fed's interest rate cut.
National Business Daily