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4E: A-shares undergo significant adjustment, with over 5,000 stocks declining

ChainCatcher news, according to 4E monitoring, on Tuesday, the three major U.S. stock indices rose collectively, with the Dow Jones up 0.3%, the Nasdaq up 1.45%, and the S&P 500 index up 0.97%. Large tech stocks generally rose, with Nvidia increasing by over 4%. Chinese concept stocks experienced a significant pullback, with the Nasdaq Golden Dragon China Index closing down 6.85%. The cryptocurrency market remained relatively stable, with Bitcoin down 0.45% at $62,345 before the press time.In the foreign exchange bulk market, the U.S. dollar index slightly fell by 0.06%, still hovering near an eight-week high, with non-U.S. currencies showing mixed results; the pound and euro strengthened, while the yen slightly declined. The market is concerned about oil demand prospects and the possibility of a ceasefire in the Middle East, leading to oil prices ending a five-day rise, with U.S. oil down over 4.6%. Following the significant drop in expectations for a large interest rate cut by the Federal Reserve, gold prices have been under pressure for five consecutive days, with spot gold falling over 1%, marking the largest single-day drop in a month, while silver briefly dropped nearly 5%.Affected by the overnight sharp decline in surrounding Chinese assets and the recent significant market gains, profit-taking began to cash out at high levels, with over a hundred listed companies announcing share reduction plans. After setting a record for the largest single-day gain in history yesterday, A-shares have shown a clear trend of pulling back after reaching new highs. At the market open today, A-shares experienced a significant adjustment, with the three major indices opening sharply lower, and over 5,000 stocks in the two markets declining. As of the midday close, the Shanghai Composite Index reported 3304 points, down 5.53%, the Shenzhen Component Index fell 6.19%, and the ChiNext Index dropped 7.29%.This week, the market is focusing on the U.S. September CPI data to be released on Thursday, which will provide important economic clues. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange, recently launching a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.
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