On March 13, A-shares and Hong Kong stocks experienced a broad retreat, with the Shanghai Composite Index falling below the 4100-point mark. Over 3,800 individual stocks declined, yet 平安银行 (Ping An Bank Co.,Ltd.) reached a new high against the market trend. The Bank ETF (512800) recorded its fourth consecutive day of gains. The food and beverage sector led the gains, with the Food and Beverage ETF (515710) closing up 0.71%, potentially driven by expectations of price increases due to rising raw material costs. Previously popular concepts, such as computing power chips, saw a pullback. The ChiNext Artificial Intelligence ETF (159363) fell 1.84%, attracting inflows as investors snapped up 52 million units. In Hong Kong, leading internet companies showed activity against the broader market trend. Tencent Cloud announced significant price increases for its Hunyuan series large model APIs, with fees rising by up to 463%. Huaxi Securities suggests the structural focus of the A-share market by 2026 may shift towards sectors benefiting from price increases. Additionally, Nvidia's GTC conference, set to begin on the 16th, has already sparked interest in the computing hardware sector.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments