Suddenly feeling cooler, miraculously lifted! The A-share market has undergone a major adjustment and has just fallen. Fourth | Announcement | A-share

Release time:Apr 13, 2024 23:34 PM

"A-shares" make it to the hot search list!

I thought the A-share market would fall today, but I didn't expect the adjustment to be so significant! During the trading session, all three major stock indexes fell by over 1%, and the Shanghai Composite Index hit a new low since mid January. AI has become the main outlet for bearish sentiment, causing a major crash across the board. Leading stocks such as Kunlun Wanwei, Cambrian, and Shuguang Data Creation have once again plummeted.

Various comments from netizens: "This drop is unpredictable!" "Suddenly feeling cooler!"

Unexpectedly, as the morning approached the close, the new energy track and chip concept saw a sharp rise, and the decline of the three major indexes quickly narrowed. The ChiNext Index had the strongest upward momentum, turning red during the trading session. In addition, the Science and Technology Innovation 50 Index rose and turned red. Looking forward to the performance of A-shares this afternoon.

Suddenly feeling cooler, miraculously lifted! The A-share market has undergone a major adjustment and has just fallen. Fourth | Announcement | A-share

A-share major adjustment

This morning, the market mainly digested and reflected on the news accumulated during the holiday. At the close of the morning, the Shanghai Composite Index fell 0.74%, the Shenzhen Component Index fell 0.71%, and the ChiNext Index fell 0.16%.

What are the bearish factors in the market? Zhongzheng Jun found the following:

Firstly, European and American stock markets have generally fallen, and major stock indices in the Asia Pacific region have also experienced significant declines. At last Wednesday's hearing of the House Financial Services Committee, Federal Reserve Chairman Powell refuted the view that the Fed's June interest rate resolution was described as a "pause" in interest rate hikes. He also stated that most policymakers predict two more interest rate hikes this year, which is an appropriate prediction given the expected economic performance. Subsequently, the central banks of the UK, Norway, and Switzerland announced interest rate hikes.

Secondly, the renminbi has plummeted, with the offshore renminbi falling below the 7.2 level against the US dollar for the first time this year.

Third, many media reported that during the Dragon Boat Festival holiday, the sales of Baijiu continued to decline. This morning, Kweichow Moutai jumped into the sky and opened low, with Kouzijiao, Shede Wine and other stocks falling sharply.

Fourthly, last Wednesday's announcement by Kunlun Wanwei to reduce its holdings led to the collapse of AI, followed by an announcement by Zhongji Xuchuang, which further worsened the AI situation this morning.

After the closing on the 21st, Zhongji Xuchuang announced that its controlling shareholder, Zhongji Holdings, plans to participate in the securities lending business of refinancing with no more than 1% of its shares. This announcement has caused great controversy in the market, and some netizens believe that its impact is neutral because the company had such an announcement in May. But more netizens have expressed that this is a significant negative news, and the company is indirectly reducing its holdings.

There are also news of AI leaders in the US stock market reducing their holdings and cashing out. On the evening of June 22nd local time, Oracle founder Larry Ellison exercised expiration options from June 20th to June 22nd and acquired 5.25 million shares at a price of $30.11 per share. During this period, he sold the same number of stocks at an average price of $122 per share. This means that Ellison earned a huge profit of approximately $482 million through this operation. Nvidia has also experienced intensive holdings reduction recently.

This morning, the impact of market sentiment mainly came from the sharp drop in AI across the board. Stocks such as Zhongji Xuchuang, Inspur Information, Kunlun Wanwei, Cambrian, 360, etc. fell sharply.

Fifth, as the end of the month approaches and the end of the first half of the year approaches, the market's funding situation may be relatively tight.

The power sector surged

This morning, the power sector surged, with multiple stocks including Guidong Power, Shennan Power A, and Yuneng Holdings hitting the limit up.

During the Dragon Boat Festival holiday, many northern regions experienced high temperatures. Among them, Beijing issued a high temperature red warning. It is reported that the last time Beijing issued a high temperature red warning was on May 29, 2014, which has been 9 years since then.

On the morning of June 26th, the Central Meteorological Observatory reported that on June 25th, the high temperature in North China significantly weakened, with temperatures above 37 ℃ mainly occurring in the eastern part of Inner Mongolia and the western part of Jilin. It is expected that North China and the Huanghuai region can still enjoy a moment of coolness today, but from tomorrow until early July, some areas in Beijing, Tianjin, Hebei, Shandong, and other areas will continue to be subjected to high temperatures. The intensity of the high temperatures is comparable to the Dragon Boat Festival holiday, and local temperatures will still exceed 40 ℃, which may break historical extremes and have certain extreme characteristics.

Everbright Securities stated that currently, the market is highly concerned about the June July El Ni ñ o, high summer temperatures, tight electricity supply and demand, and electricity reform policies, and is prioritizing investment opportunities in response to electricity demand.

Active representation of robot concepts

This morning, the concept of robots strengthened, with DeEn Precision rising over 12%, and stocks such as Southern Precision and Zhongma Transmission hitting the limit up.

Guojin Securities stated that the demand for industrial robots in China will start a new upward cycle in 2023. In the long run, robots are an important variable for the comprehensive outbreak of artificial intelligence technology. Technology giants such as Tesla and Xiaomi are expected to accelerate the arrival of the era of intelligent robots by launching humanoid robot solutions. China is the world's largest consumer market for robots, with mature technology and a sound industrial foundation. The continuous process of localization is expected to lead the era of "robot+".

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【

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Economics

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Viewpoint

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Vision

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