Monday's A shares walked out of the big positive line , which finally made investors relieve themselves and look forward to a better performance on Tuesday. Unexpectedly, the market on Tuesday was too weak, and a yin-covered positive line appeared on the K-line. The technical form is not good. Is the 3,000-point defense battle going to begin again?
First look at the specific K-line trend. In the morning, the index opened slightly lower, and then began to go all the way down. Although there was a brief pull in the morning, the overall decline was already relatively large. In the afternoon, opened . The index did not improve much. After the upward weak point at 2 o'clock, the index came again with a wave of plunging . Finally, the Shanghai Composite Index fell 1.58% and closed at 3045.07 points, setting a new low for this round of adjustments. The Shenzhen Component Index fell 2.46% and closed at 10899.70 points, and the ChiNext Index fell 2.57% and closed at 2313.77 points. In the
sector, except for the natural gas and medical sectors that strengthened against the trend, the financial sector's pullback was useless. Most sectors are falling, especially lithium batteries, photovoltaics and , nonferrous metals and other sectors, which have the highest decline, greatly affecting the popularity of the market. More than 4,000 shares in both markets were falling.
Look at the following news:
S&P Dow Jones fell six times, S&P lost its lowest in June during the session, and oil prices rose by more than 3%.
Beixi natural gas pipeline was damaged unprecedentedly.
Russia calls on OPEC+ to reduce oil production by 1 million barrels, and oil prices rose by more than 3%.
The weakening of US stocks overnight has a certain impact on today's market trend. Another most important reason is that the exchange rate of RMB against the US dollar on Tuesday, , began to fall again:
The RMB exchange rate against the US dollar fell below the 7.2 mark, the first time since February 2008.
For the exchange rate, some people asked Dana, isn’t a weaker exchange rate beneficial to exports? This is theoretically the case, which is conducive to exports in the clothing, foreign trade and other industries, but the pressure on imports is relatively high. If we look at it overall, our previous policies such as foreign exchange deposit reserves, etc. were intended to not want the depreciation to be too fast. As a result, the morning break of 7.2 undoubtedly had a great impact on the overall market. After all, the local currency of depreciates , so the probability of the stock market strengthening is too small. Since the beginning of this year, the RMB exchange rate against the US dollar has fallen by 13.4% in the offshore market of . The onshore market is also very weak, while the hawkish remarks that are still strong in the United States are a very important factor in the current market.
By the way, according to media reports, under the trend of appreciation of the US dollar, the scale of outflows of emerging market ETF funds as of last week has reached US$640 million, the largest single-week net outflow since April 2020. In the case of a strong dollar, every country will face the possibility of foreign capital leaving the market.
Another factor that has a greater impact on the market today is that one blue-chip stock fell one day. Today is Huayou Cobalt Industry , which was pressed to the limit down in the afternoon. For Huayou Cobalt Industry, there is no negative news. Even the company itself stated that it did not know why it fell so sharply. Huayou Cobalt Industry belongs to the non-ferrous metals and lithium battery sectors, and it has directly collapsed these two sectors by itself. In the current market, if has to find a reason for the decline of the blue-chip stock, it is nothing more than the relative price, so you can put it in your pocket.
Overall, the current market does not have any major market, the overall environment is still not ideal, and the international situation is not improving. At this time, we can only lie flat and wait patiently for the turn.
Still the same old saying: fellow villagers, hold on!
above does not constitute any investment advice. The stock market is risky, so be cautious when entering the market.
—————Finance Wang Dana, more investment thinking and logical analysis, welcome to follow!
