First Capital Futures: Stagflation Trading Pressures Stock Index

On March 19th, the Shanghai Composite Index fell 0.95% to 4,024.23 points, with the decline expanding in the afternoon. The market’s half-day trading volume was 1.31 trillion yuan, with nearly 4,700 stocks declining. Overnight, U.S. stocks suffered heavy losses due to inflation concerns and Federal Reserve decisions, which foreshadowed a weak performance for China’s A-shares today. Recent stagflation trading has put pressure on global stock markets. In the short term, stock indices remain affected by geopolitical risks. Additionally, the previously high-level IC and IM have a correction demand, currently at a critical testing point of the lower support, which may break downward. Caution is advised. (Chuangchuang Futures)

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