here’s the translation:
Brothers and sisters, once again, A-shares have fallen to the hot search.
Unexpectedly, last night’s exchange released good news, but today’s market still doesn’t buy it. It plunged. It fell below 3200 points, with more than 4000 stocks falling… It’s another round of defense of 3200 points.
Fortunately, there will be no trading next week and next day, or else we won’t be able to catch our breath…
Let’s take a look at what happened.
The Shanghai Composite Index lost its 3200 point mark at the end of the day, ending down by 2.01%, while the Shenzhen Component Index fell by 2.18% and the ChiNext Index fell by 2.33%.
A total of 569 stocks rose, and 4623 stocks fell, with net sales of RMB 12.3 billion from northbound capital.
Next, let’s analyze the reasons for this.
First, brokerage stocks crashed.
Last night’s 100+1 favorable policy was released by the exchange, but today the bull market flagman securities sector actually crashed.
Pacific Securities teacher once turned red, but in the end he couldn’t hold on either.
Second, foreign capital outflows.
Net sales of RMB 12.3 billion from northbound capital. There is a rumor that President Biden’s executive order will be implemented. However, this has been dispelled.
Third, the real estate issue still makes the market lack sufficient confidence and wait for more positive signals.
Fourth, maybe doctors are selling stocks (this is a joke).
That’s all for the market. We don’t need to worry about it over the weekend because it will stop falling next week and next day, so enjoy your weekend!