China's A shares fell on Friday, the Shanghai index narrowly stayed at 3,000 points

　　China News Agency, Beijing, May 6 (Reporter Chen Kangliang) China's A shares suffered a sharp drop on the 6th, and all major stock indexes fell.

Among them, the representative Shanghai Composite Index fell by more than 2%, and once fell below the 3,000-point mark during the session.

　　As of the close of the day, the Shanghai Composite Index reported 3,001 points, a decrease of 2.16%, with a turnover of 346.2 billion yuan (RMB, the same below); the Shenzhen Component Index reported 10,809 points, a decrease of 2.14%, with a turnover of 413.6 billion yuan; the ChiNext Index reported 2,244 points, a decrease of 413.6 billion yuan. 1.9%.

　　Yang Delong, chief economist of Qianhai Open Source Fund, said that the main reason for the decline of A shares that day was the drag from the external market.

U.S. stocks experienced a sharp adjustment overnight, and the Dow Jones index fell by more than 1,000 points.

The decline in U.S. stocks was mainly related to the Fed raising interest rates.

The Fed's rate hike and shrinking balance sheet will hit the global capital market. The market may not have reacted to the news on the day it was released, but it will soon resume its decline. The decline in US stocks has a greater negative impact on A-share confidence.

However, considering that the current valuation of A-shares is relatively low, China's official policies to stabilize growth are being introduced one after another, and the negative factors have basically been digested by the market.

　　U.S. stocks closed overnight, with the Dow Jones down 3.12%, the Nasdaq Composite down 4.99%, and the S&P 500 down 3.57%.

All three major indexes completely erased their gains from the previous day.

　　CICC released a research report saying that the violent fluctuations in the U.S. stock market in the past two days also show that the market’s concerns about the Fed’s tightening policy are still repeatedly entangled, and the determination of the balance lies in the judgment of inflation and growth prospects.

In fact, this is also the main situation facing the global market since April. In the context of inflationary pressures that have not yet improved significantly, tightening and growth pressures are increasing, which can be described as old worries and new worries.

　　In terms of specific sectors, most sectors of A-shares fell on the day.

Among them, hotel and catering, real estate development, real estate services and other sectors led the decline, down 5.25%, 4.44% and 4.19% respectively.

　　In terms of individual stocks, after the share price of Hikvision, a leading company in the security industry, fell by the limit on the 5th (down 10%), the stock price fell again by 9% on the 6th.

(Finish)