Market Overview - The A-share market experienced a day of fluctuation with all three major indices closing slightly lower, specifically the Shanghai Composite Index down by 0.37%, the Shenzhen Component down by 0.17%, and the ChiNext Index down by 0.24% [1][3][5] - The total trading volume in the Shanghai and Shenzhen markets was 1.60 trillion yuan, a decrease of 337.7 billion yuan compared to the previous trading day [5] Sector Performance - The top-performing sectors included Environmental Protection (up 0.88%), Media (up 0.82%), Light Industry Manufacturing (up 0.65%), Computer (up 0.60%), and Electric Power Equipment (up 0.54%) [2][3] - Conversely, the worst-performing sectors were Oil and Petrochemicals (down 1.79%), National Defense and Military Industry (down 1.47%), Steel (down 1.26%), Communication (down 1.06%), and Comprehensive (down 0.96%) [2][3] Concept Index Performance - The leading concept indices included Animal Vaccines (up 2.22%), DRG/DIP (up 1.87%), BC Battery (up 1.71%), Avian Influenza (up 1.62%), and ERP Concepts (up 1.61%) [2][3] - The lagging concept indices were related to the China Shipbuilding Industry (down 2.54%), Domestic Aircraft Carriers (down 1.45%), Civil Explosives (down 1.19%), Combustible Ice (down 1.14%), and National Fund Holdings (down 0.86%) [2][3] Future Outlook - The report indicates that despite the short-term technical adjustments in the market, the core logic supporting the A-share market remains unchanged, with recommendations to focus on sectors such as Machinery Equipment, Consumer Goods, TMT (Technology, Media, and Telecommunications), and Large Financials [5]

Market Performance - The Shanghai Composite Index closed at 3534.48, up by 0.50% with an increase of 17.66 points [2] - The Shenzhen Component Index closed at 10913.84, up by 0.37% with an increase of 40.22 points [2] - The CSI 300 Index closed at 4058.55, up by 0.60% with an increase of 24.06 points [2] - The ChiNext Index closed at 2277.15, up by 0.34% with an increase of 7.83 points [2] - The STAR 50 Index closed at 1007.53, up by 0.19% with an increase of 1.88 points [2] - The Beijing Stock Exchange 50 Index closed at 1418.61, down by 0.67% with a decrease of 9.50 points [2] Sector Performance - The top-performing sectors included Nonferrous Metals (up 2.10%), Basic Chemicals (up 1.36%), Steel (up 1.34%), Coal (up 0.94%), and Transportation (up 0.90%) [3] - The underperforming sectors included Media (down 0.98%), Electronics (down 0.49%), Light Industry Manufacturing (down 0.41%), Utilities (down 0.35%), and Communication (down 0.31%) [3] - Concept sectors with notable gains included Lithium Extraction from Salt Lakes (up 3.30%), Rare Earth Permanent Magnets (up 3.15%), Acrylic Acid (up 2.35%), Cobalt (up 2.29%), and Metal Recycling (up 2.08%) [3] - Concept sectors with notable declines included Animal Vaccines (down 0.96%), Avian Influenza (down 0.90%), Low-E Glass (down 0.89%), E-sports (down 0.86%), and Digital Watermarking (down 0.76%) [3] Future Outlook - The report indicates that the A-share market is showing resilience with a GDP growth of 5.3% year-on-year in the first half of the year, suggesting potential for further policy support in the second half [6] - The market is expected to focus on the upcoming Politburo meeting at the end of July, the Federal Reserve's interest rate decisions, and developments in US tariffs [6] - The report suggests that there are still opportunities for upward momentum in the market, but caution is advised due to potential volatility from previous high rebounds [6] - It is recommended to identify long-term trends in high-growth sectors and short-term speculative opportunities, particularly during the mid-year earnings forecast disclosure window [6]

Group 1 - Kuwait will ban the import of poultry from several regions in the United States due to avian influenza [1] - Kuwait is lifting the import ban on all types of poultry from Brazil [1]

Group 1 - The avian influenza concept sector declined by 0.90%, ranking among the top declines in concept sectors, with leading declines from companies such as Zhijiang Biology, Biological Shares, and Zhongmu Shares [1][2] - Among the 10 stocks that increased in price, Weilan Biology, Lianhuan Pharmaceutical, and Wens Foodstuff were the top gainers, with increases of 1.38%, 0.66%, and 0.53% respectively [1][2] - The avian influenza concept sector experienced a net outflow of 383 million yuan from main funds, with 17 stocks seeing net outflows, and 8 stocks with outflows exceeding 10 million yuan [2][3] Group 2 - The stock with the highest net outflow was Biological Shares, with a net outflow of 128 million yuan, followed by Zhongsheng Pharmaceutical, Taiji Group, and Zhijiang Biology with net outflows of 93.42 million yuan, 35.18 million yuan, and 33.51 million yuan respectively [2][3] - The stocks with the highest net inflows included Wens Foodstuff, Weilan Biology, and Oriental Biology, with net inflows of 16.02 million yuan, 13.06 million yuan, and 7.22 million yuan respectively [2][3] - The avian influenza concept sector's outflow list included Biological Shares, Zhongsheng Pharmaceutical, Taiji Group, and Zhijiang Biology, with respective declines of 5.56%, 0.45%, 0.27%, and 7.07% [2][3]

Group 1: Major Asset Tracking - The bond market showed a high opening but closed nearly flat, indicating that the stock market's low volatility and weak fundamentals will limit upward potential, with future volatility likely to adjust downward. The bond market is expected to benefit from inflows of risk-averse capital due to increasing geopolitical conflicts [19][7]. Group 2: A-Share Market - The A-share market opened lower but rebounded with three major indices showing a decrease in trading volume, totaling 1.24 trillion, down by 0.26 trillion from the previous day. Approximately 3,400 stocks rose while over 1,500 fell. The report suggests that in the context of weak fundamentals, the probability of a bull market driven by sustained volume is low, and future market movements are likely to amplify volatility downward. Investors are advised to take profits and shift positions to sectors like dividends, agriculture, and technology [22][2]. - In terms of sector performance, media, communication, and computer sectors led the gains, while agriculture, beauty care, and non-ferrous metals lagged behind. Concepts such as digital currency and Ant Group performed well, while avian influenza and diamond cultivation concepts faced declines [22][2]. Group 3: US Stock Market - The US stock market experienced declines across major indices due to escalating geopolitical conflicts, with the Dow Jones down 1.79%, Nasdaq down 1.3%, and S&P 500 down 1.13%. The report highlights that rising US Treasury yields, which recently surpassed 5%, may negatively impact the market, suggesting that a recession narrative could become a focal point for trading in the future [26][2]. - The report indicates that the US stock market is currently in a phase of head-and-shoulders consolidation, and investors are advised to avoid short-term positions and wait for better buying opportunities [26][2]. Group 4: Foreign Exchange Market - The onshore RMB against the USD was reported at 7.1799, a decrease of 15 basis points from the previous close. The RMB has appreciated significantly due to unexpectedly positive impacts from US-China trade relations. The offshore RMB shows strong technical signs, with the previous high of 7.42 potentially marking the peak of this depreciation cycle. The RMB is expected to rise to around 7.1 [29][3]. Group 5: Commodity Market - The Wenhua Commodity Index increased by 0.89%, with oils, coal, and petroleum leading the gains, while corn, live pigs, and non-ferrous metals faced declines. Concerns over oil supply disruptions due to escalating conflicts have led to increased prices in the oil sector. However, the report advises a cautious approach due to high volatility in oil prices, suggesting a wait-and-see strategy [33][3].

Group 1 - The Brazilian Ministry of Health is investigating suspected new cases of avian influenza, although these are not confirmed cases [1]

Core Viewpoint - Japan's Ministry of Agriculture has suspended poultry imports from Brazil's Black City and Rio Grande do Sul state following an outbreak of avian influenza [1] Group 1 - The suspension affects poultry meat imports specifically from the mentioned regions in Brazil [1] - The decision is a direct response to the avian influenza outbreak, indicating heightened biosecurity measures [1]

Core Point - Japan has suspended imports of live poultry from the state of Rio Grande do Sul in Brazil following an outbreak of avian influenza [1] Group 1 - The Japanese Ministry of Agriculture, Forestry and Fisheries announced the suspension of imports [1] - The decision was made in response to the avian influenza outbreak in Brazil [1]

Core Viewpoint - The article discusses the rising prices of eggs in the United States, particularly in California, due to factors such as tariffs and avian influenza, leading to a potential supply crisis [3][10]. Price Trends - In Los Angeles, the price for 24 eggs at Costco increased from $7.69 to $8.65 in just 18 days, marking an approximate 12% rise [4][6]. - In New York, the price for a dozen eggs surged from around $4-5 in January to $11-12, indicating a significant price increase [8]. Consumer Price Index - The Consumer Price Index for eggs rose by 10.4% in February, with a year-on-year increase of 159%, averaging $5.9 per dozen [8][11]. Wholesale Prices - As of April 8, the wholesale price for large shell eggs in New York was $3.75 per dozen, showing a slight decrease from previous days [9]. - The wholesale price for large white shell eggs in the Midwest decreased to $3.75 per dozen, while California's benchmark price fell to $5.95 per dozen [9]. Tariff Impact - The U.S. "reciprocal tariff" policy is hindering the ability to import eggs, exacerbating the domestic price increase and supply issues [10]. - Experts warn that the tariff policy may lead to further price hikes for eggs and other goods, as the U.S. struggles to source eggs internationally [10]. Import Surge - In February, egg imports surged by 551% compared to the previous year, with a 328% increase in import value, driven by the need to address supply shortages caused by avian influenza [11].

以下文章来源于中新经纬 ，作者闫淑鑫 李晓萱 中新经纬 . 来源：中新经纬 美国总统特朗普的关税大棒一挥，美国"蛋荒"或进一步加剧。 4月9日，中新经纬通过Costco（好市多）超市线上渠道看到，在美国加州洛杉矶，24枚鸡蛋售价8.65美元（约合人民币64元）。 中新经纬是由中国新闻社主办的财经新媒体，拥有中国互联网新闻信息采编发布服务资质。以手机客户端（APP）等为主要传播平台，以"权威、前瞻、专 业、亲和"为特色宗旨，传播财经资讯、解读经济政策、讲述商界故事，打造精英的财经资讯平台。 ▲4月9日，Costco（好市多）超市线上渠道在美国加州洛杉矶的鸡蛋售价 来源：Costco官网截图 4月7日，在纽约从事电商生意的刘辉在接受中新经纬采访时也表示，在禽流感和"关税战"的影响下，近期纽约的鸡蛋价格涨幅惊人。"今年1月拜登下台前 一盒12个装的鸡蛋价格约在四五美元（约合人民币29元至37元）左右，还是有机的那种，现在不是有机的也要卖十一二美元（约合人民币81元至88元）一 盒。" 据美国劳工局统计，2月份鸡蛋消费者价格指数上涨10.4%，比去年同期上涨159%，平均价格为每打（通常为12枚）5.9美元（约合人民 ...