Macro · special issue

1. On Monday, there was a huge earthquake in the global financial market. LME nickel staged an epic short selling market, which once rose by more than 90% and hit a record high of US $55000 / ton. Europe and the United States discussed banning the import of Russian oil to detonate the oil market. At one time, US oil rose nearly 13% to US $130 / barrel, while oil distribution rose nearly 18% to close to US $140 / barrel, both reaching a new high since 2008. The global stock market suffered a "Black Monday". The benchmark stock indexes of Germany and France once fell by more than 5% and the closing decline narrowed; US stocks fell sharply, the Dow fell more than 800 points and the NASDAQ fell 3.6%. In addition, spot gold hit the US $2000 mark and the US dollar index hit the US $99 mark, both reaching a new high in more than 20 months.

2. On Monday, the performance of the main A-share indexes was sluggish, and the Shanghai index fell more than 2% to 3400 points; The gem index fell 4.3% and recorded five consecutive negative, with a decline of more than 20% during the year, entering a technical bear market; The CSI 300 index fell below 4400 points, an 18 month low. On the disk, more than 3800 stocks in Shanghai and Shenzhen stock markets closed green, and the first stock in the market value of gem Contemporary Amperex Technology Co.Limited(300750) continued to adjust. The share price fell 7.5%, retreated more than 34% from the historical high, and the market value fell to around trillion. According to the interpretation of 30 public and private investors such as Jingshun great wall and Xingshi investment, the political situation in Russia and Ukraine and the interpretation of overseas inflation have become the main reasons for market adjustment. Public offering analysis believes that the short-term adjustment of the market may continue, but the medium and long-term A-share trend will not be changed. This year, we are more optimistic about the relevant sectors of "stable growth".

3. Kweichow Moutai Co.Ltd(600519) announcement: during the Spring Festival, the sales momentum of the company's products is good, the market is booming, and the "good start" is realized smoothly. According to the preliminary accounting of the company, from January to February, the company achieved a total operating revenue of about 20.2 billion yuan, an increase of about 20% year-on-year; The net profit attributable to shareholders of listed companies was about 10.2 billion yuan, an increase of about 20% year-on-year.

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