Sudden bearishness! The global stock market fell across the board, A-shares fell below 3100, and domestic capital smashed every day

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2024-05-24 16:39Posted on the official account of Guangdong Kan Finance

Global stock markets fell across the board

Following the hawkish release of the minutes of the Federal Reserve's interest rate meeting, last night was bearish. Last night, the number of initial jobless claims for the week to May 18 was 215,000, lower than the market expectation of 220,000, the preliminary S&P Global Manufacturing PMI in May was 50.9, higher than the market expectation of 50, and the preliminary S&P Global Services PMI in May was 54.8, significantly higher than its market expectation of 51.3, a new high in more than two years. After the release of the data, the market's confidence in the Fed's interest rate cut decreased, the dollar index, the US 10 bond yields rebounded, the US dollar index rose above the 105 mark, although Nvidia rose nearly 10%, but it was difficult to drive US stocks, the Dow fell 1.53%, the Nasdaq fell 0.39%.

Today, the Asia-Pacific stock market also fell across the board, with A-shares falling below 3,100 points, the Hong Kong Hang Seng Index falling continuously, and the Hang Seng Technology Index falling nearly 3%.

AI plate diving

Although Nvidia soared last night, the A-share AI concept sector still dived after rushing up today, and AI servers, CPO, PCB and other sectors all fell sharply.

There may be two main reasons for the sharp decline in the AI sector:

First, due to the breakage of the index, the momentum of fund profit-taking is strong, and the end of the market is even more panic, and this week's main killing is the high-level sector. In addition to the Chinese prefix, nonferrous metals, low-altitude economy, and AI have fallen sharply, although AI has not followed Nvidia to a new high, but in the eyes of short-term funds, it is a high-level sector, and in the prefix, high dividends in the long-term funds are the majority, up more and less down, and this year's rise is far ahead.

Second, according to the Financial Associated Press, Nvidia lowered the price of H20 artificial intelligence chips for the Chinese market. The market doesn't know whether this is good or bad, so it will be respectful to smash the market first.

In fact, it is impossible to talk about the negative Nvidia, because H20 is originally a castrated version, the performance should be similar to Huawei's Ascend, and the cluster effect is better, and Nvidia's price reduction sales cannot prove that Nvidia's computing power cards are oversupplied, and the domestic share of Nvidia has had little impact on Nvidia after multiple sanctions, and Internet manufacturers are very willing to buy H20. If you want to say that it is not bad for domestic computing power, it is more encouraging to use domestic computing power cards in China.

When it comes to domestic computing power cards, Huawei's 910C concept has been speculated, and many shares such as Huafeng Technology, Zhongchuang Shares, and Yihua Shares have intraday limits. Since there is no formal media disclosure, we will not tell you the specific content.

The power sector is up and down

On the afternoon of May 23, the general secretary presided over a symposium of enterprises and experts, at which the chairman of the State Power Investment Group and other leaders spoke, mentioning the reform of the power system, making suggestions on # deepening the reform of the power system, and clarifying the main line of follow-up work.　

On May 23, the National Energy Administration released statistics showing that from January to April 2024, the power supply plants of power generation enterprises across the country will complete an investment of 191.2 billion yuan (+5.2%), and the power grid project will complete an investment of 122.9 billion yuan (+24.9%), which has accelerated year-on-year, and the cumulative installed power generation capacity of the country is about 3.01 billion kilowatts (+52.4%) by the end of April, and the investment and construction prosperity of the power grid continues to rise! The performance of the sector is expected to exceed expectations again, and continue to strongly promote the digital and intelligent link of the power grid.

Stimulated by relevant news, today's power sector is the strongest, green power, power grid equipment, virtual power plants and other sectors set off a tide of daily limits in early trading, Kyushu Group, Dalian Thermal Power, Leshan Electric Power, Wansheng Intelligent, Guoxin Sunny Energy and other shares of the daily limit.

At the close, the Shanghai Composite Index fell 0.88%, losing 3,100 points, and the ChiNext Index fell 1.81%. The turnover of the two cities shrank sharply to 0.76 trillion, and more than 3,800 companies fell.

Risk Warning:

The stock market is risky, investment needs to be cautious, this article does not constitute investment advice, readers need to think independently

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