Market Performance - The Shanghai and Shenzhen stock indices experienced a rebound but ultimately closed slightly up by over 1% with a long upper shadow indicating resistance at higher levels[1] - Trading volume exceeded 1.15 trillion, marking a continuation of market activity and intensified competition between bulls and bears[1] Policy Impact - Recent financial policies from the State Council and the China Securities Regulatory Commission (CSRC) aim to support mergers and acquisitions in strategic emerging industries, enhancing market confidence[1] - The introduction of measures to stabilize the market and investor confidence has effectively reduced short-selling pressures, alleviating previous investor panic[1] Economic Environment - Global geopolitical tensions, including the prolonged Russia-Ukraine conflict and rising tensions in the Middle East, are contributing to increased market uncertainty[3] - The U.S. Federal Reserve's recent interest rate cuts have initiated a monetary easing cycle, putting downward pressure on the dollar and causing volatility in the U.S. bond market[3] Technical Analysis - Following a brief upward breakout, the stock indices have shown signs of weakness with a downward trend, indicating a potential shift in market momentum[4] - The market is currently characterized by structural rotation, with most trading activity driven by existing capital rather than new inflows[3]
爱建证券今日视点：三大股指冲高回落，成交量能突破万亿
Shanghai Aijian Securities·2024-09-26 02:03