Group 1 - Federal Reserve Chairman Powell stated that the Fed is adjusting its overall policy framework, indicating that zero interest rates are no longer a baseline scenario and that there is a need to reconsider the language around labor market slack and average inflation rates, with an expectation that April PCE will drop to 2.2% [8] - Coinbase reported that customer data was compromised, and the company rejected a $20 million ransom from hackers, while the SEC is investigating its alleged misreporting of user numbers [10] - Alibaba's fourth fiscal quarter revenue reached 236.45 billion yuan, and the company plans to distribute $4.6 billion in dividends, while also forecasting that profits may be impacted by investments in instant retail [10] Group 2 - The U.S. stock market saw the Dow Jones Industrial Average rise by 0.65%, while the S&P 500 increased by 0.4%, and the Nasdaq Composite fell by 0.18% [4] - European stock indices experienced gains, with Germany's DAX 30 rising by 0.72% and the UK's FTSE 100 increasing by 0.57% [4] - The Hong Kong stock market faced volatility, with the Hang Seng Index closing down 0.79% at 23,453.16 points, and the Hang Seng Tech Index dropping by 1.56% [4]

Market Overview - A-shares experienced a trading volume of 11,524 billion, with all three major indices declining, indicating a potential end to the recent upward trend [1][2] - The market is currently facing a significant selling pressure as it approaches the 3,400-point level, which coincides with previous high points, leading to increased hesitation among investors [1] Sector Performance - The synthetic biology and beauty care sectors showed resilience, with notable gains, while the port and shipping sector remained active despite some internal differentiation [1][2] - The food and beverage sector rebounded, supported by government initiatives aimed at boosting consumer spending [2] Economic Influences - The cautious sentiment in the market is influenced by upcoming speeches from Federal Reserve officials, particularly Jerome Powell, and recent comments from Jefferson regarding potential economic slowdowns and inflation concerns in the U.S. [1] - The financial and technology sectors collectively adjusted, contributing to a bearish market atmosphere, as the indices lacked support [2] Future Outlook - The current market adjustment is viewed as a normal part of an upward trend, with expectations of a potential rebound as the market has not yet breached the 5-day moving average [2] - The market is anticipated to experience a pullback, but the overall sentiment remains optimistic for the future [2]

Core Viewpoint - The A-share market experienced a decline, with the ChiNext Index falling by 1.35%, while the shipping sector continued to show strong performance [1] Market Performance - The three major indices opened lower and continued to decline, with the Shanghai Composite Index down by 0.42%, the Shenzhen Component Index down by 1.12%, and the ChiNext Index down by 1.35% [1] - The daily chemical sector showed resilience, with companies like Jieya Co. and Lafang Home Care reaching the daily limit [1] - The synthetic biology concept also saw gains, with Chuaning Biological and Jindawei hitting the daily limit [1] - The shipping sector maintained its strong momentum, with Ningbo Shipping, Ningbo Ocean, and Nanjing Port all reaching the daily limit [1] - The ST sector was active, with over 20 stocks such as *ST Nanzhi and *ST Aowei hitting the daily limit [1] - The pet economy concept rose, with Meino Biological and Ruoyu Chen reaching the daily limit [1] Sector Performance - The daily chemical, coal, food and beverage, and agriculture sectors led in gains [1] - Conversely, the software services, engineering machinery, diversified finance, and communication equipment sectors experienced the largest declines [1] - Weak performance was noted in sectors such as digital currency, AI, military trade concepts, and computing power leasing [1]

Core Viewpoint - Synthetic biology concept stocks are experiencing significant upward movement, with notable gains in several companies [1] Group 1: Company Performance - Chuaning Biological (301301) reached a 20% daily limit increase [1] - Bawi Co., Ltd. saw an increase of over 20% [1] - Toxin Pharmaceutical (301089) rose by more than 10% [1] - Jindawei (002626), Oukang Pharmaceutical, and Weilan Biological (603739) also experienced upward trends [1] Group 2: Market Activity - There is a notable influx of dark pool funds into these stocks [1]