Overnight, the European and American stock index fell, the Shanghai and Shenzhen two cities opened lower, the intraday color, Baijiu, tourism, photovoltaic and brokerage sectors movement, but it is difficult to reverse the weak situation, the Shanghai and Shenzhen two cities decline in expansion, afternoon market although repeated, but the late market fell again. As of the closing, the Shanghai stock index closed at 329353, down 2.35%; Shenzhen stock exchange closed at 122445, down 2.62%.
There are only semiconductors on the disk, and the theme of counting East and West is barely red. The seed industry, lithium, assisted reproduction, covid-19 drug concept and infant child concept led the decline.
Technically, the Shanghai stock index continued to fall sharply after losing the support of the 440 day moving average yesterday. The medium and short-term moving average has formed a short arrangement. At the same time, the lower edge of the 33303630 box formed last year also fell below today. The short-term confidence in investment will be greatly hit or induce funds to concentrate to avoid risks. In addition, the latest non farm employment data released by the United States in February continued to rise sharply, far exceeding market expectations. As an important reference data for the Federal Reserve to discuss interest rates in mid March, it provided data support for the Federal Reserve to raise interest rates. The expectation of raising interest rates prompted the funds to sell risky assets in advance, and the investment preference changed to avoid market risks.
It is comprehensively judged that the market is affected by the decline of the European and American markets, and chooses to break down. The market risk aversion is rising. It is suggested to reduce the position, especially avoid high valuation varieties, and wait for the market to complete the bottom search.
