On March 7, global stock markets fell across the board, with the Nikkei 225 falling 2.94%, the South Korean comprehensive index falling 2.29%, the Hang Seng index falling 3.93%, and European stock markets fell sharply at the opening. The three major A-share indexes fell, and inst

htmlOn March 7, global stock markets fell across the board, with the Nikkei 225 falling 2.94%, the South Korean comprehensive index falling 2.29%, the Hang Seng index falling 3.93%, and European stock markets fell sharply at the opening. The three major A-share indexes fell, and institutional heavy holdings led the decline, while the Shanghai Composite Index, Shenzhen Component Index and ChiNext Index fell 2.17%, 3.43%, and 4.30% respectively. The transaction volume of the two markets exceeded 1 trillion yuan, of which 458.157 billion yuan was in the Shanghai Stock Exchange and 566.406 billion yuan was in the Shenzhen Stock Exchange.

Source: Wind

Analysts believe that if geopolitical risks do not significantly exceed expectations, there is no need to worry too much about the future performance of A-shares. During the adjustment of the A-share market, we should cherish the investment opportunities after stabilization.

Gold, K12 education, third-child sectors and other sectors rose against the trend

Today, only the comprehensive and construction and decoration industries rose, up 0.78% and 0.21% respectively; other industries all fell, with the food and beverage, electronics, and household appliance industries leading the decline, down 4.38%, 3.89% and 3.80% respectively.

Previously, some port logistics and oil stocks that were regarded by the market as "Russia-Ukrainian conflict concept stocks" performed strongly. Today, Tianshun Co., Ltd. continued to hit the daily limit and achieved 7 consecutive boards. The after-hours dragon and tiger list shows that the top five seats that have been bought and sold in the past three trading days are all securities company sales departments and there are no special seats for institutions. Zhunyou Co., Ltd., which had hit the daily limit for seven consecutive trading days, fell 3.68% today. Among the concept sectors of

, concept sectors such as gold, K12 education, and third-child have risen against the trend. In the gold sector, Chifeng Gold rose more than 7%, Shandong Gold rose more than 4%; in the K12 education sector, Hejing Technology achieved a "20CM" daily limit, and Shengtong Co., Ltd., Zhujiang Piano, Electro-Optical Technology, Angli Education and other stocks hit the daily limit; in the third-child sector, Chuangyuan Co., Ltd. rose more than 16%, and Meisheng Culture and Weichuang Co., Ltd. and other stocks hit the daily limit.

Source: Wind

Regarding the reasons for today's market decline, Hu Bo, fund manager of Private Equity Ranking Network, said that the short-term market is concerned about the geopolitical risks of Russia and Ukraine. With the general decline in foreign markets, the A-share market has also undergone relatively large adjustments today, especially the adjustment of growth stocks is greater than that of value stocks that benefit from stable growth measures. However, after adjustments, the investment value of the A-share market will be highlighted.

Commodity market rose sharply

On March 7, the Asia-Pacific stock market fell across the board, with the Hong Kong Hang Seng Index falling 3.93% to 21,045.21 points, the lowest intraday 20,826.36 points hit a new low since 2016.

European stock markets opened low across the board, the German DAX index fell more than 4% at the opening, the French CAC40 index and the UK FTSE 100 index fell more than 1% at the opening, and the European Stoke 50 index fell more than 3%. US stock index futures also fell significantly.

The commodity market rose sharply across the board, COMEX gold once stood above $2,000 per ounce during the session, NYMEX crude oil and ICE crude oil rose more than 8%, and LME nickel rose more than 24%.

Source: Wind

The future market is not pessimistic

For the current market, Hu Bo said that he should cherish the investment opportunities after stabilization during the adjustment of the A-share market.

CITIC Securities believes that the trend of stabilizing growth further strengthens its investment. The Russian-Ukrainian incident accelerates inflation expectations and is expected to see a turnaround within March. The "three bottoms" of the A-share market have been confirmed in turn. After the external impact is clear, the value and growth resonance will rise. For A-shares itself, the market liquidity has been relatively stable recently, and the pressure is significantly weaker than before and after the Spring Festival. It is recommended to stick to the main line of stable growth and actively increase positions, and continue to make arrangements around the "two lows".

CICC believes that it is necessary to pay close attention to the impact of the situation in Russia and Ukraine on the domestic market. If the geopolitical risks do not significantly exceed expectations, there is no need to worry too much about the future performance of A-shares. From a structural perspective, the risks of growth stocks have been released in the previous sharp pullback and have gradually entered the stage of "bate on lows"; the "stable growth" sector has increased fluctuations, but there may still be room for performance in the future. Overall, the market style has outperformed compared with the previous "stable growth" and may gradually transition to a relatively balanced stage.

Edited by: Li Ruoyu Ya Wenhui