浙商证券浙商早知道-20260313

Market Overview - On March 12, the Shanghai Composite Index fell by 0.1%, the CSI 300 decreased by 0.36%, the STAR 50 dropped by 1.24%, the CSI 1000 declined by 0.33%, the ChiNext Index decreased by 0.96%, and the Hang Seng Index fell by 0.7% [3][4] - The best-performing sectors on March 12 were coal (+4.24%), utilities (+1.89%), agriculture, forestry, animal husbandry, and fishery (+1.32%), comprehensive (+1.01%), and steel (+0.69%). The worst-performing sectors were defense and military (-2.33%), machinery and equipment (-1.86%), telecommunications (-1.53%), media (-1.3%), and beauty and personal care (-1.27%) [3][4] - The total trading volume for the A-share market on March 12 was 24,606 billion yuan, with a net inflow of 11.283 billion Hong Kong dollars from southbound funds [3][4] Key Insights - The report indicates that China's exports to emerging economies in Africa, Latin America, and the Middle East are expected to maintain rapid growth in 2026 [5] - The market view on exports is positive, with no change in outlook [5] - The driving factors for this growth are based on updated data, with a bullish outlook for exports in 2026 [5]