突然大跌近7%！今晚，这件大事要来！

Core Viewpoint - The A-share market experienced volatility with a collective decline in major indices, while sectors like electricity, precious metals, and banks showed resilience. The article discusses the impact of external factors, particularly the situation in Turkey and the upcoming Federal Reserve interest rate decision, on the A-share market outlook [1][2][7]. Group 1: Market Performance - The A-share market saw a rollercoaster day, with afternoon fluctuations leading to a return to initial levels, and trading volume fell below 1.5 trillion yuan [1]. - Sectors such as electricity, precious metals, and banks rose against the trend, while gaming and automotive sectors faced corrections [1]. Group 2: External Influences - Turkey's stock market faced a significant drop, with the BIST-100 index falling by 6.87%, triggering a circuit breaker, and the Turkish lira depreciating over 10% against the US dollar, marking a historical low [3][4]. - Political turmoil in Turkey, particularly the arrest of a political opponent, has heightened market fears, impacting investor sentiment [5][6]. Group 3: Federal Reserve Interest Rate Decision - The Federal Reserve is set to announce its interest rate decision, with expectations that rates may remain unchanged, but adjustments to inflation and economic growth forecasts are closely watched [7]. - Market analysts predict that the Fed may lower rates at least twice in 2025, with some anticipating three cuts, which could influence A-share market sentiment [7]. Group 4: Foreign Investment Trends - Despite recent market adjustments, foreign capital continues to flow into A-shares, with foreign institutions increasing their holdings [8][9]. - Morgan Stanley notes that foreign ownership of Chinese stocks is still below the peaks seen in 2020 and 2021, indicating significant room for growth [10]. Group 5: Sector Opportunities - The TMT (Technology, Media, Telecommunications) sector is expected to be a key theme for the year, with macroeconomic conditions resembling those of 2013 and 2019, which were favorable for high-growth themes [12]. - Consumer and cyclical sectors are anticipated to experience a rebound, with a focus on fundamental performance as the year progresses [14]. - Industries with improving profit expectations, such as small metals, new materials, and passenger vehicles, are likely to see higher gains in April [15].