It’sbeenawildtradingseasonwiththeclosingceremonyofanextremel

It’s been a wild trading season with the closing ceremony of an extremely consequential meeting only trading day away, all three major stock indexes were in a wide range of volatility on Thursday, signaling lower opening, selling off sharply in early trading, then turning in the green briefly in midday trading — taking a lead in securities sector — all three major stock indexes going straight up, at last went into negative territory to finish the trading session. The benchmark Shanghai Composite Index swung more than 50 points from its low to high points of the trading session, the Shenzhen Component Index more than 300 ones and the ChiNext Index, China’s NASDAQ-style board of growth enterprises more than 80 ones, reflecting market sentiment remains extremely queasy. Managements have been aiming for the stability of financial markets that is a sure-fire way to pin down improvement of market confidence when Main-Board Market is not far from 3,000-point threshold. Retail investors remain relatively cautious in lieu of the previous sanguine sentiment when slowdown in economy is all but a foregone conclusion. Economic growth has saddled with quite as much pressure as for the rest of the year, so the short will have a leg up over market correction. The domestic equity markets should still get caught in throes, even though they came in hot over the past trading sessions. Unpredictably robust rebound has caught retail investors off guard, now they have shed some light on how long this stunning trend will last as a spate of headwinds lie ahead. In parallel with the unremitting apprehension about coronavirus pandemic and a drastic pullback in the domestic equity markets, managements have been throwing all their weight behind market stability. The recession cannot be inevitable for the foreseeable future and a drastic correction in the domestic equity markets will be on the horizon as early as tomorrow or as late as next week without a slew of pragmatically positive measures.