A股，冲上热搜！

Market Performance - A-shares opened significantly lower, with the Shanghai Composite Index down 4.46%, Shenzhen Component Index down 5.96%, and ChiNext Index down 6.77% [5] - The North China Stock Index opened with a sharp decline of 7.04% [4] - The Hong Kong stock market also experienced a severe drop, with the Hang Seng Index down 9.28% and the Hang Seng Tech Index down 11.15% [11] Sector Performance - All major sectors in A-shares saw declines, with communication equipment, components, general machinery, and non-ferrous metals all dropping over 7% [7] - The agriculture, forestry, animal husbandry, and fishery sector showed relative resilience, with a decline of less than 1% [8] Impact of US Tariff Policy - The US tariff policy continues to impact global financial markets, leading to significant declines in A-shares and Hong Kong stocks [2][10] - The tariff policy is viewed as a tool for negotiation and coercion by the US, affecting various sectors in China, particularly electronics, light industry, and textiles [15][17] - The electronics sector, which accounts for 20% of China's exports to the US, is expected to face pressure due to the tariffs [17] Export Dependencies - The pharmaceutical and biotechnology sectors have a high dependency on exports to the US, with 25% of their total exports expected to be directed to the US in 2024 [18] - The automotive parts and home appliance sectors also have significant exposure to the US market and are likely to be heavily impacted by the tariffs [20]