The global stock market is gloomy.
In Asian stock markets, the A-share market fell sharply, the Shanghai index fell 2.17%, the A-share gem index fell more than 4%, and more than 3700 companies in the two cities fell. Hong Kong stocks plunged more than 1000 points during the session, and Japan's stock market plunged nearly 3%.
European stock markets also fell in succession after the opening, and the German and French stock markets fell 5% shortly after the opening.
U.S. stock index futures also fell. As of press time, S & P 500 index futures fell 1.5%, Dow index futures fell 1.4%, and Nasdaq futures are now down 1.67%p align="center">
A-share gem fell more than 4% p align = "center" style = "text align: left;" German and French stock markets once fell 5% after opening
Market data show that today, the Shanghai Composite Index fell below 3400 points, down 2.17%.
The Shenzhen Component Index fell 3.43%, the largest one-day decline in more than seven months.
The gem index was reported at 263037 points, down more than 100 points, and the intraday low refreshed the new low of nearly one year after March 25, 2021. The gem index closed down 4.30%, also the largest one-day decline in the past year.
While the market index fell, the adjustment range of some stocks has been large.
According to wind statistics, there are still 143 stocks with a market value of more than 100 billion yuan in the current A-share market, of which 100 stocks have been adjusted by more than 30% since last year's high, and 21 stocks have been adjusted by more than 50% since last year's high.
In addition to the A-share adjustment, Hong Kong stocks adjusted more on the same day, and the Hang Seng index once fell by more than 1000 points. The Japanese and South Korean stock markets also fell significantly, of which the Japanese stock market fell nearly 3%.
European stock markets fell in a relay after the opening, of which the French CAC40 index and the German DAX index fell more than 5% rapidly after the opening. As of press time, the decline has narrowedp align="center">
BEIXIANG net capital sales of 8.272 billion yuan p align = "center" style = "text align: left;" but still showing net purchase year to date
On the same day, northbound funds also sold significantly. According to the data, on March 7, northbound funds sold a net 8.272 billion yuan, the largest net sales in more than a month.
However, the recent North is not all the way to net sales. Just after the tension between Russia and Ukraine heated up, northbound funds once bought net for three consecutive trading days from February 25 to March 1. On Friday, northbound funds also bought a net 457 million yuan.
On the whole, since 2022, northbound funds have still accumulated net purchases, and the accumulated net purchases have reached 14.71 billion yuan.
The recent sharp fluctuations in the capital market, including the decline of the stock market and the sharp rise of bulk commodities, are mainly affected by the tension between Russia and Ukraine.
Tianfeng Securities Co.Ltd(601162) recent research points out that so far, the pricing of the Russian Ukrainian war in the overseas market has gone through four stages. The first stage: the market expects that the conflict will cause short-term local inflation; The second stage: the war caused a rapid rise in risk aversion; The third stage: short-term inflation concerns began to become long-term, and the trading logic turned to global stagflation; Stage 4: the market is more worried about global economic stagnation than inflation.
For the impact of agriculture, forestry, animal husbandry and fishery industry, the research report recently released by East Asia Qianhai Securities believes that the conflict between Russia and Ukraine has increased the rise of feed prices and accelerated the de industrialization of production capacity. According to pig Yitong data, on March 4, the price of live pigs was 12.48 yuan / kg, up 0.16% on a weekly basis, and the price of pigs in various regions was stable. The planned slaughter of pigs in March increased by 10% - 15% compared with the actual completion in February, and the supply is still loose. On the demand side, the consumption is still in the off-season in March after the festival, and it is difficult to significantly increase the consumption of pigs. Recently, the national development and Reform Commission launched the collection and storage of frozen pork in the central reserve, which will stabilize market sentiment in the stalemate of supply and demand game after the festival and bring benefits to the short-term boost of pig prices, but it has limited impact on the long-term supply and demand relationship. At the same time, the conflict between Russia and Ukraine has led to the rise of grain prices and feed prices have catalyzed the pressure on breeding enterprises.
According to the research view of Wanlian securities, the grain exports of Russia and Ukraine account for about one third of the total global exports. The escalation of the situation between Russia and Ukraine will lead to a decline in the supply of the two countries to the international grain market. The demand rigidity of mass food industry is strong, and it is easy to pass on cost pressure to consumers through price increase. The conflict between Russia and Ukraine will further push up the cost pressure of mass food enterprises. The mass food industry may usher in a second price increase, and the downstream price increase logic is expected to be continuously verified.
