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A股突然大跌，原因找到了！
Sou Hu Cai Jing·2025-09-02 07:16

Market Overview - The A-share market experienced a significant decline, with all three major indices falling and over 4000 stocks dropping. The Shanghai Composite Index fell by 0.45%, the Shenzhen Component dropped by 2.14%, and the ChiNext Index decreased by 2.85%. The total trading volume reached 28,750 billion, an increase of 1,250 billion compared to the previous trading day [1] Reasons for Decline - The sudden drop in the A-share market can be attributed to two main factors: 1. The market had seen substantial gains, with the Shanghai Composite Index rising by 27%, the Shenzhen Component by 40%, and the ChiNext Index by 68% since April 8, leading to profit-taking and a need for adjustment [1] 2. A broad decline in technology stocks, including semiconductors and chips, created panic in the market, further pushing down the indices [1] Sector Performance Gold Sector - Gold-related stocks maintained strong performance, supported by expectations of potential interest rate cuts by the Federal Reserve, which have driven COMEX gold and silver futures to new historical highs. The gold market is influenced by fluctuations in U.S. Treasury yields and changes in investor risk appetite [2] Power Sector - Power stocks showed resilience, with 33 listed thermal power companies reporting positive results. Notably, Huaneng International and Huadian International saw net profit growth compared to the same period last year. Shanghai Electric and Jingneng Power reported increases in both revenue and net profit, while Huayin Power's net profit surged by 4,146.80%, significantly outpacing other companies [3] Financial Sector - The financial sector, particularly securities companies, demonstrated robust performance. As of June 30, 2025, the total assets of 150 securities firms reached 13.46 trillion, with net assets of 3.23 trillion and net capital of 2.37 trillion. Additionally, the balance of customer trading settlement funds (including margin trading) reached 2.82 trillion, and the total principal of entrusted management funds was as high as 9.35 trillion [4]