万联证券：万联晨会-20250314

Market Overview - The A-share market experienced a decline on Thursday, with the Shanghai Composite Index falling by 0.39% to close at 3,358.73 points, the Shenzhen Component Index down by 0.99%, and the ChiNext Index decreasing by 1.15% [2][6] - The total trading volume in the A-share market reached 1.61 trillion RMB, with over 3,600 stocks declining [2][6] - In terms of industry performance, coal and beauty care sectors led the gains, while machinery equipment and electronics sectors faced losses [2][6] - Concept sectors saw marine engineering equipment leading the gains, while humanoid robots experienced the largest decline [2][6] - The Hong Kong market also saw declines, with the Hang Seng Index down by 0.58% and the Hang Seng Tech Index down by 1.67% [2][6] - Internationally, all three major U.S. indices closed lower, with the Dow Jones down by 1.30%, the S&P 500 down by 1.39%, and the Nasdaq down by 1.96% [2][6] Important News - The People's Bank of China reiterated the implementation of a moderately loose monetary policy during a recent expanded meeting, indicating potential for reserve requirement ratio cuts and interest rate reductions based on domestic and international economic conditions [7]