On June 10th, the A-share market showed A low-level volatile trend in the morning. In the afternoon, it experienced a sharp drop at one point, but then quickly launched a V-shaped rebound, with the decline narrowing. On that day, more than 4,000 individual stocks in the entire market turned green, and the market’s loss-making effect was quite obvious.
The interviewees told reporters that today’s market performance might be related to the market’s concerns over the uncertainty of the China-Us negotiations. This concern has led to a decline in market risk appetite and capital outflows from highly volatile sectors. The negotiation results of the first meeting of the China-Us economic and trade consultation mechanism are expected to be announced tomorrow. If it fails to meet expectations, the market may continue to adjust for a period of time, but the large funds of the national team may step in to support it. If it meets or exceeds expectations, the market is expected to recover soon and continue to fluctuate and rise. In addition, technology stocks remain the main direction of the market in the future. After a certain adjustment, it can be considered for investment.
The three major indices closed lower
As of the close of trading today, the Shanghai Composite Index closed down 0.44% at 3,384.82 points, and the chinext Index closed down 1.17% at 2,037.27 points. The STAR 50 and the North Star 50 both dropped by more than 1%, while the CSI 300 and the SSE 50 declined slightly.
Today’s trading volume can be significantly expanded, with the transaction amount reaching 1.42 trillion yuan, an increase compared to yesterday’s 1.29 trillion yuan.
The market’s loss-making effect was quite obvious. A total of 1,263 A-share stocks closed higher, with 61 hitting the daily limit up. A total of 4,035 individual stocks closed lower, with 2 hitting the daily limit down.