Sino-Singapore Jingwei Client, September 11th. On the 11th, the three major A-share indexes opened lower collectively. The Shanghai Composite Index fell 0.28%, the Shenzhen Component Index fell 0.25%, and the ChiNext Index fell 0.34%.

The conceptual sector fell collectively, with the third-generation semiconductor, gallium nitride, genetically modified and other sectors leading the decline.

　　Source: Wind

　　In the external market, US stocks closed down again overnight, and a roller coaster market was staged in the session.

Soon after the market opened, it rose by more than 1%. In the second half of the night, it dived continuously. The Nasdaq fell nearly 2% and rose by more than 1% at the beginning of the market. The Dow lost at 28,000 points.

As of the close, the Dow fell 1.45% to 27534.58 points, the S&P 500 fell 1.76% to 3,339.19 points, and the Nasdaq fell 1.99% to 10,919.59 points.

　　Regarding the later trend of U.S. stocks, Goldman Sachs believes that after the recent sharp drop, investors should consider increasing stock holdings in the next three months and reducing credit market exposure; strategists’ three-month rating on stocks has been upgraded from neutral to overweight on the grounds that The performance atmosphere is optimistic and is more attractive than fixed income valuation.

　　The major European stock indexes also closed down slightly. The average price index of 100 stocks in the London Stock Market "Financial Times" closed at 6003.32 points, a decrease of 0.16%.

The DAX30 index of the Frankfurt stock market in Germany closed at 13,208.89 points, a decrease of 0.21%.

The CAC40 index of the Paris stock market in France closed at 5023.93 points, a decrease of 0.38%.

　　Affected by this, on the Japanese and South Korean stock markets, the Nikkei 225 index fell 0.52% to 23114.63 points at the opening on the 11th, and the Korea Composite Index fell 0.25% to 2390.53 points.

　　Hong Kong's Hang Seng Index opened higher by 0.16% on the 11th to 24352.63 points, the State-owned Enterprise Index rose 0.19%, the Technology Index rose 0.02%, and Hengteng Network rebounded and rose more than 6%.

Yum China opened 0.56% lower the next day after listing, and closed down 5.29% on the 10th.

Kwan On Holdings resumed trading and surged 61.29%. The company entered into and completed a sale and purchase agreement with the offeror, Huaguan Group Co., Ltd.

　　In the A-share market, in terms of individual stocks, 894 stocks in the two cities rose, of which 10 stocks such as Tahoe Optoelectronics, ST Kangmei, and Sanxiang New Materials rose more than 5%.

2611 stocks fell, of which 96 stocks such as Tempus International, Yitian, and Jiai Technology fell more than 5%.

　　Guosheng Securities believes that the recent continuous market adjustments have been affected by the collapse of U.S. stocks and the outflow of foreign capital, but fundamentally, it is the adjustment and digestion of the previous market, especially the huge rise of institutional stocks represented by technology and consumption. .

Looking forward to the follow-up, Guosheng Securities believes that the adjustment of institutional heavy stocks is nearing completion.

There is no systemic risk in the current market. It is recommended to maintain long-term thinking and strategic determination, and use adjustment opportunities to allocate high-quality assets.

　　Caixin Securities said that there is no need to be overly pessimistic, as the market has a greater probability of improving in the medium and long term.

The previous day's major market adjustment was stimulated by multiple factors that stimulated resonance. Although the current monetary policy has weakened, it has not completely withdrawn from easing, liquidity is still sufficient, economic synchronization indicators continue to improve, corporate earnings turning point is approaching, and A shares are improving in the medium and long term. The pattern has not changed.

(Zhongxin Jingwei APP)

(The opinions in the article are for reference only and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)