The conference is coming to an end, but the volume shrinks sharply in the morning, and the market is predicted in the afternoon!
Judging from an hour in the morning, the total turnover of the two cities was 306.2 billion, basically the same as yesterday, and the domestic capital smashed 17.1 billion, which was significantly more than yesterday, with 834 rising in the two cities, 4378 falling, 22 up and down, and 10 falling down.
In terms of sectors, fentanyl, rail transportation, lithography machines, and pharmaceuticals led the gains; Affected by the plunge in United States technology stocks, consumer electronics, pcb, CPO, copper high-speed connection, AI mobile phones and other technology stocks fell sharply.
The three major indexes fell across the board, with the Shanghai Composite Index down 0.65%, the Shenzhen Component Index down 0.85%, the ChiNext Board down 0.46%, the STAR 50 down 1.02%, and the Beijing Stock Exchange 50 down 3.55%.
Looking at a piece of green, no matter how high the temperature is in the hot summer, as long as you take a look at the A goods, you will pull out the cold. Yesterday, it was suggested that once the conference ended, many short-selling funds were unbound, and they would inevitably increase their short-selling power, especially tomorrow for the delivery day of stock index futures, and the short-term risk would increase.
As long as the market does not increase the volume, any rebound is tempting, don't go, don't go, due to low confidence, it is difficult to rely on a team alone, unless a major positive is announced, such as: the establishment of trillions of equalization funds, prohibition of shorting, financial derivatives are delivered once a quarter, compensation mechanism landing, etc., otherwise, in the context of no confidence, in addition to falling, I am afraid there is no second way to go.
The most important feature of the bear market: the positive is infinitely amplified, ignoring the positive, and the end of the market accelerates the decline. If there is no major positive news from the conference this afternoon, it is necessary to watch out for the risk of an accelerated decline.
