周四A股为何走低收跌？我分析判断周五A股将继续走低

Group 1 - A-shares experienced a collective decline on Thursday, with the Shanghai and Shenzhen indices falling by 0.79% and 1.21% respectively, indicating a bearish market sentiment with a stock ratio of 725 gainers to 4710 losers [1] - The decline in A-shares is attributed to external risk events, including rising geopolitical tensions in the Middle East, which have heightened market risk aversion and caused short-term volatility in international oil prices, impacting sectors like oil and gold [3] - The market is also facing pressure from the Federal Reserve's policy expectations, as there is a divergence in views regarding future interest rate cuts, which has hindered foreign capital inflow into A-shares, particularly affecting high-valuation tech stocks such as semiconductors and AI [4] Group 2 - Technical analysis indicates that the Shanghai Composite Index has failed to break through the key resistance level of 3400 points, leading to a bearish reversal pattern and significant exhaustion of bullish momentum, with a clear bearish technical formation [4] - The ChiNext 1000 Index has shown consecutive declines, reflecting increased selling pressure on small-cap stocks, which has weakened the overall market's profitability [4] - The A-share market is currently testing key technical support levels, with the Shanghai Composite Index's critical support at 3378 points already breached, suggesting a potential decline towards 3350 points if it cannot break through short-term resistance levels [4] Group 3 - Certain previously popular sectors, such as the new energy vehicle industry, are experiencing adjustments due to the tapering of subsidy policies, leading to a slowdown in industry growth and challenges in earnings growth for related companies, which has negatively impacted stock prices [4] - Cyclical industries like steel and coal continue to face issues of overcapacity and significant price volatility, resulting in unstable profitability for companies in these sectors, further contributing to poor stock performance [4] - The market currently lacks clear hotspots and profitability, leading to reduced investor participation and heightened cautious sentiment, which can trigger panic selling in response to market fluctuations [4] Group 4 - A-shares are expected to continue declining on Friday, as the panic sentiment from Thursday's market drop is unlikely to dissipate quickly, maintaining strong selling intentions among investors [5] - The technical outlook shows that major indices have breached important moving average support levels, establishing a clear downward trend that is difficult to reverse in the short term [5]