沪指重挫2.41%，近百股跌停，行情结束了吗？

Market Overview - A-shares experienced the largest correction in the second half of the year on November 21, with the Shanghai Composite Index closing at 3834.78, down 2.41% after falling below 3900 points [1] - The total market saw 5072 stocks decline, with 99 hitting the daily limit down, while only 354 stocks rose, with 33 hitting the daily limit up [5] Sector Performance - The agricultural, animal husbandry, and fishery sectors showed resilience, with the aquaculture concept continuing its strong momentum, exemplified by Zhongshui Fishery achieving six consecutive limit-ups [5] - The military industry sector showed a notable recovery, particularly stocks related to China Shipbuilding, with Jiuzhiyang hitting the limit up and closing with a 15.63% increase [5] Technology Sector - The technology sector faced significant declines, particularly in semiconductor, storage chip, new energy, and lithium battery stocks, with leading stock Cambrian Technology dropping 5.54%, resulting in a market value loss of 30 billion [6] - The overall sentiment in the market towards technology stocks has turned bearish, with a notable sell-off occurring [6] Market Sentiment and Future Outlook - Following a peak of 4034 points on November 14, the Shanghai Composite Index has corrected approximately 200 points, raising questions about the sustainability of the current market rally [7] - Analysts suggest that the recent market fluctuations are influenced by global market trends, particularly the significant drop in U.S. stocks, but they maintain a long-term bullish outlook for A-shares, with a potential comprehensive bull market by 2026 [7] - The chief economist at Qianhai Kaiyuan Fund believes that the market will see a "confidence reassessment bull" in 2025, with expectations for corporate earnings and AI advancements to exceed forecasts [7] Investment Strategy - In light of the current market conditions, it is advised to focus on technology leaders with genuine technological breakthroughs and sustainable performance, while being cautious of speculative stocks that lack solid fundamentals [10]