亚太市场，集体跳水

Group 1 - The A-share market is being dragged down by the Asia-Pacific market, with significant declines observed in major indices such as the Nikkei and the Hang Seng Tech Index, which fell over 3% [1][3][5] - The decline in the markets is attributed to two main factors: ongoing uncertainties related to trade disputes and significant fluctuations in the Japanese market, particularly the appreciation of the yen and the sharp drop in Japanese stocks [1][3] Group 2 - The Korean market also experienced declines, with major indices dropping nearly 1%. Notable stock movements included a 5.8% drop in SoftBank and a 2.8% decline in Samsung Electronics, despite the latter reporting its highest quarterly operating profit in over three years [5] - In Hong Kong, all major indices weakened, with the Hang Seng Tech Index falling over 3% and the Hang Seng Index dropping more than 2%. The A-share market saw the ChiNext Index decline over 4% and the Shenzhen Component Index drop more than 2%, with over 3,500 stocks in the Shanghai and Shenzhen markets declining [5] Group 3 - The cryptocurrency market also faced significant declines, with Bitcoin dropping 2.75% to $112,620.4 and Ethereum falling 5.06% to $4,072.42, influenced by negative sentiment from social media regarding short positions [6] - The market sentiment has been impacted by structural issues, with notable declines in sectors such as semiconductors and battery stocks, leading to a significant contribution to the overall market decline from companies like Industrial Fulian and Zijin Mining [8] Group 4 - Analysts suggest that the current market conditions differ from those in April, with many core asset prices at high levels and financing balances also elevated. The focus should be on maintaining liquidity stability, with undervalued blue-chip stocks potentially becoming the mainstay during downturns [8] - The bond market experienced a rebound, indicating a potential increase in risk appetite and opportunities for returns. Analysts from Guotai Junan believe that external shocks leading to asset declines present a good opportunity to increase holdings in the Chinese market, as the boundaries of trade risks are clearer now compared to previous months [8][9]