Market Overview - The Shanghai Composite Index fell by 0.4%, the CSI 300 decreased by 0.5%, the STAR Market 50 dropped by 1.5%, the CSI 1000 declined by 0.9%, the ChiNext Index decreased by 1.2%, and the Hang Seng Index fell by 0.1% [3][4] - The best-performing sectors on that day were Beauty Care (+1.1%), Banking (+0.5%), Pharmaceutical and Biological (+0.3%), Transportation (+0.2%), and Media (+0.2%). The worst-performing sectors were Defense and Military (-2.0%), Computer (-1.9%), Electronics (-1.7%), Communication (-1.4%), and Non-Bank Financials (-1.1%) [3][4] - The total trading volume in the Shanghai and Shenzhen markets was 1,415.3 billion yuan, with a net inflow of 7.59 billion Hong Kong dollars from southbound funds [3][4] Important Insights Inflation and Economic Policy - In May, the Consumer Price Index (CPI) year-on-year growth was -0.1%, consistent with the previous value and better than market expectations of -0.2%. The month-on-month growth was -0.2%, influenced mainly by falling energy prices [5] - The Producer Price Index (PPI) year-on-year growth recorded -3.3%, slightly below market expectations of -3.2%, with a month-on-month decline of 0.4% due to falling prices of internationally priced bulk commodities [5] Trade Dynamics - In May, China's exports to the United States decreased by 33.6%, primarily due to the high average tariff levels maintained until mid-May when tariffs were officially lowered following negotiations [6] - The market outlook for trade with the U.S. remains pessimistic, but there is potential for a rebound in exports to the U.S. [6]
浙商早知道-20250611
ZHESHANG SECURITIES·2025-06-10 23:30