After the rebound on the 26th, A-Shares fell again. On the 27th, the three major stock indexes collectively closed down. Among them, the Shanghai index fell below 3400 points and the gem index fell more than 3%.
As of the closing, the Shanghai stock index fell 1.78% to close at 3394.25, with a turnover of 346.53 billion yuan (RMB, the same below); The Shenzhen Component Index fell 2.77% to close at 13398.84 points, with a turnover of 476.44 billion yuan; The gem index fell 3.25% to close at 2906.76 points, with a turnover of 190.57 billion yuan. Northbound funds sold a net 14.624 billion yuan today.
On the disk, the industry sector fell across the board, led by software development, precious metals, tourism hotels and education.
It is worth noting that in the early morning of that day, the Federal Reserve announced that it would keep the benchmark interest rate unchanged at 0% – 0.25%, and announced that the asset purchase plan would end in early March and begin to shrink the table after the interest rate hike in the March meeting.
China Merchants Securities Co.Ltd(600999) macroeconomic analyst Zhang Yiping said that the Fed said at the meeting that “once the interest rate hike begins, it will consider reducing the scale of the table”, which makes the market expect that the policy position of the Federal Open Market Committee (FOMC) in March will become harder. Although the monetary policy shift of the Federal Reserve will have an external impact on China’s policy easing, China’s monetary policy will remain “stable and loose” under the support of export surplus and other fundamentals.
Shanxi Securities Co.Ltd(002500) the research team maintained a relatively optimistic attitude towards the market after the Spring Festival and pointed out that the recent continuous correction of the market did not originate from China’s fundamentals, but was more affected by the impact of external market and short-term market sentiment fluctuations. The Fed’s interest rate hike plan has been implemented, and China’s countercyclical and cross cyclical adjustment is expected to maintain reasonable and abundant market liquidity. With the gradual retreat of the epidemic disturbance, the market is expected to usher in a counterattack opportunity.
