Minor adjustment, bottom construction and repetition
Stimulated by a 349 point rise in US stocks on Wednesday, a record high, the A-share market opened 7 points higher on Thursday and fluctuated around the 5 and 10 moving averages for most of the time, indicating the market's intention to stop falling and stabilize. However, due to the lack of strength in the market to do more, the time for small adjustments is still short, so the late market fell back and turned green. Perhaps due to the sudden rise of the real estate sector, the market finally closed at 3122, with a false negative cross star rising by 2 points, indicating that the small adjustment of A-share has stopped falling, but there is still a bottoming process, which does not rule out that there are still iterations in the bottoming process.
After four trading days of minor adjustments due to internal and external troubles in the market, the news on Thursday was much better. First, several ministries and commissions set up a joint working group to deliberate and launch "major measures" for real estate. The most exciting thing for the market is that the government purchase of stock housing can theoretically reduce the inventory level, alleviate the downward pressure on the real estate market, and realize the transformation of long-term supply and demand relationship, the problems of expensive valuation, weak expectations, and high inventory by changing the use of affordable housing, so as to promote the real estate to embark on a standardized and healthy development track.
The second is the central bank's heavy policy again, accelerating the planning and construction of the digital central bank, continuously enhancing the network security and data security guarantee capability, deeply promoting the application of financial technology and digital transformation, constantly strengthening the supply and implementation of financial standards, and doing a good job in "five major articles" for building a strong central bank, establishing a sound, autonomous, controllable, safe and efficient financial infrastructure system Provide strong scientific and technological support. Digitization is a cutting-edge technology in the current scientific and technological development, involving many industries, especially benefiting small and medium-sized enterprises, so it has increased market activity.
Third, at the critical time when foreign trade disputes intensified and core technology was stuck, there was a major breakthrough in cutting-edge technology in China, and the core components of quantum computers were localized. Anhui Provincial Quantum Computing Engineering Research Center recently announced that the core component of China's third-generation autonomous superconducting quantum computer, the "Origin Wukong", the high-density microwave interconnection module, has been successfully developed domestically. The successful development of this module enables the quantum chip to play a more powerful computing power, which is conducive to the efficient operation of "Primordial Wukong", and also provides valuable technical support for the research and development of the next generation of quantum computers. Obviously, breakthroughs and innovations in cutting-edge technology will help boost market confidence.
It is only because the external environment faced by A-shares is still in the game of the three camps that the bottom of the overall market and minor adjustments are repeated. Recently, heavy tycoons came to China, and the relationship between the two camps was further closer, which made the super tycoons very unbalanced, so they threw out more outrageous trade blackmail, instigated some small minions to harass and provoke, or even refused to sign on some normal exchanges. This has undoubtedly increased some uncertainty in the capital market, weakened the enthusiasm of the market to go long, and made the market more volatile.
