Chinanews Client Beijing, March 9th (Xie Yiguan) On the 9th, the three major A-share stock indexes fell across the board, the Shanghai index fell again by 3,000 points, the Shenzhen index and the GEM index fell more than 4%, and most of the industry sectors were green. Concept stocks rose against the market.

A-shares tumble, peripheral stocks plunge

As of the close, the Shanghai Composite Index fell 3.01% to 2943.29 points; the Shenzhen Stock Exchange Index fell 4.09% to 11108.55 points; the GEM Index fell 4.55% to 2093.06 points, and fell below 2100 points. The turnover of the two cities exceeded one trillion yuan throughout the day. Net outflow of funds from the Shanghai Stock Exchange to Beijing's Shanghai Stock Exchange was 9.671 billion, and that of Shenzhen Stock Exchange was 4.648 billion.

The closing performance of major A-share stock indexes.

On the disk, a total of 517 shares in the two cities rose, 93 shares rose; another 3150 shares fell, 96 shares fell. Most of the industry sectors are green, with semiconductors, components, IT equipment, software services, aviation and other sectors leading the declines; the mask concept sector went up against the market, and 24 related stocks such as Jilin Chemical Fiber, Xinxiang Chemical Fiber, and Sea King Biotech closed daily limit.

Affected by the global spread of the new crown epidemic, the failure of the Organization of the Petroleum Exporting Countries to reduce production, and the sharp drop in oil prices in Saudi Arabia, peripheral stock markets have plummeted. On the 9th, the Nikkei 225 Index closed down 5.07%; the Korean Composite Index closed down 4.19%. At press time, both the FTSE Singapore STI and the Hong Kong Hang Seng Index fell more than 4%. US S & P 500, Nasdaq 100, and small Dow index futures all slumped by nearly 5% on the 9th after melting out, and the European Stoxx 50 index futures fell more than 6.6%.

Data chart: Shareholders of a securities company's business department are concerned about stock market developments. Photo by China News Agency reporter Luo Yunfei

Institutions: A-share development will continue structural market

Zhongyuan Securities believes that in the short term, A shares will usher in a period of relatively low linkage with overseas markets and continuous improvement in investment convenience, which is conducive to fund selection of A shares. "Differences in the development stages of domestic and foreign epidemics and the response measures taken have determined that the risk aversion and fundamental outlook of A-shares are better than overseas, so that A-shares have the basis to get out of the market in the next year."

Bohai Securities stated that, overall, under the expectation of loosening of the policy margin, the A-share market is still difficult to say the end, and the ups and downs of the external stock market will also tend to be passivated, and the market development will continue to be structural.

China Merchants Securities also pointed out that the A-share risk compensation is in a historically high position and has a certain degree of security. Therefore, China is facing a new round of strategic opportunities after the epidemic is under control, and A-shares are still in the process of a new round of upward cycles that began in January 2019. (Finish)