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Today's stock market analysis and outlook (8.3)

time：2023-03-24 00:48:37 source：clevelanddrifters.com author：Stock market

Today's stock market analysis and outlook (8.3)

#Header Finance# #stock finance# #Ministry of Commerce: Suspension of natural sand exports to Taiwan# # [Key news selection] The Ministry of Commerce issued a statement to suspend the export of natural sand to Taiwan; The Implementation Plan for Improving the Futures Linkage Market System to Promote the High-quality Development of the Real Economy" proposed to build the Guangzhou Futures Exchange with high standards. Based on the spot market and advantageous industries, enrich the varieties of regional featured commodity futures, and support futures such as carbon emission rights, electricity, commodity indices, industrial silicon, polysilicon, and lithium to be listed on the Guangzhou Futures Exchange; Yunnan Dali supports real estate development enterprises through the "shared property rights" ” way to sell commercial housing, buyers can purchase no less than 50% of the property rights in advance; Shanghai Municipal Commission of Economy and Information Technology said that this year’s exhibition will focus on the core exhibition of Metaverse, and a large number of leading companies and cutting-edge companies will make a concentrated appearance, and exhibitors are more than last year. Wider and more new achievements on display. San Francisco Fed President Daly said that the Fed is far from finished raising interest rates, and there is still a lot of work to do to fight inflation; Chicago Fed President Evans said that the Fed will not "let go of the pedals" before seeing inflation fall back. He expects the central bank to raise interest rates by at least 50 basis points in September; Cleveland Fed President Mester believes that before the Fed ends the rate hike cycle, it will take several months of data to prove that inflation has peaked. The Fed is expected to raise interest rates in September. [Important announcement] Kweichow Moutai achieved revenue of 57.617 billion yuan and net profit of 29.793 billion yuan in the first half of the year, a year-on-year increase of 20.85%; Guangxin Materials issued a change announcement, currently flat-panel display photoresist products have only received small batch sales orders; It is planned to build new lithium hexafluorophosphate, high-purity lithium fluoride and by-product supporting projects of 3 billion yuan; Jinjing Technology issued a stock price change announcement, the company's perovskite battery-related products accounted for a relatively low revenue; Air China announced that it plans to raise no more than 15 billion yuan. , used for the introduction of 22 aircraft projects and supplementary working capital, of which AVIC Group plans to subscribe for no less than 5.5 billion yuan; Changan Automobile plans to increase capital of 1.169 billion yuan to the joint venture Avita Technology. [Foreign disk dynamics] Expectations of interest rate hikes are heating up again, and U.S. stocks generally fell on Tuesday. The Dow Jones fell 1.23%, the S&P 500 fell 0.67% and the Nasdaq fell 0.16%. Most of the large technology stocks closed down, Apple fell 0.93%, Amazon fell 0.91%, Netflix fell 2.12%, new energy vehicle stocks generally rose, Tesla rose 1.11%, Nikola rose 3.73%, and Faraday Future rose 21%. Most of the popular Chinese concept stocks closed up, Alibaba rose 2.52%, Tencent Music rose 3.63%, and iQiyi rose 6.48%. [Market Review] A-shares suffered a general decline on Tuesday before major uncertainties, and the Shanghai index hit a new two-month low. After the market opened, the index dropped rapidly, with automobiles and infrastructure leading the decline. The bottoming and recovery of semiconductors once led to a recovery in sentiment. The robot theme continued to be strong, but the market sentiment continued to be under pressure. The median decline of individual stocks was over 5%, and the Shanghai index fell over 3%. , The index narrowed its decline in the afternoon, and themes such as automobiles, robots, agriculture, and military industry performed strongly. Throughout the day, the Shanghai Composite Index fell 2.26%, the Genesis Index fell 2.02%, over 90% of individual stocks fell, and nearly 20% of the trading volume was heavy. [Today's Outlook] A-shares suffered a general decline amid major uncertainties on Tuesday, the Shanghai Composite Index hit a two-month low, and geopolitical events did not continue to escalate on Tuesday night, but expectations for a 75 basis point rate hike by the Federal Reserve in September increased again. At present, the trend of major indexes is weakening collectively, the uncertainty of short-term news is still large, and it will take time for sentiment to recover. It is recommended to continue to control positions and pay due attention to opportunities in low-level new energy and technology stocks.

(Responsible editor：Market analysis)

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