Recession fears dominated the global market, panic detonated "Black Monday", the stock markets of the world's major economies fell sharply, especially the Japan index fell 12% more than expected, and many countries had circuit breakers, which is the most terrible part of the "black swan" event. The A-share market began to fall rapidly on Monday afternoon, although it opened high on Tuesday but did not go high, which also shows that the market is still weak, and the impact of the unexpected decline in overseas markets on A-shares is very obvious, which also reflects the current trend of the A-share market "following the fall but not rising", and it is still waiting for the rebound opportunity after the fall.
From January to June 2024, the cumulative installed capacity of power batteries in mainland China was 203.3GWh, a year-on-year increase of 33.7%. Domestic battery prices have bottomed out, overseas pricing models can be maintained, and with the expected reduction of new production capacity in 24H2-25, the supply and demand of the industry will improve, and the profitability of the leading company will be sustainable. Combined with domestic and foreign industry dynamics, price trends in subdivided fields, monthly sales volume and industry development trends, the overall prosperity of the industry continues to rise, and the short-term focus continues to pay attention to the price trend of upstream raw materials, monthly sales volume and the implementation of industry norms. In the long run, the future development prospects of the new energy vehicle industry at home and abroad are determined, and the sector is worth paying attention to.
The three major indexes opened sharply higher, with less than 400 stocks falling at the opening, and the theme sector of seed industry, BC battery, POE film and other sectors performed strongly, while public transportation, household appliances, insurance and other sectors performed poorly. A number of high-level popular stocks fell sharply in early trading, with Star Network Yuda, Jinjiang Online, Volkswagen Transportation, Beiba Media, Qiming Information, Tengda Technology, King Long Automobile, etc. falling to the limit. The National Energy Administration introduced at the press conference that in the first half of the year, the new installed capacity of renewable energy power generation in the country was 134 million kilowatts, a year-on-year increase of 24%, and the total amount of wind and solar power generation reached 900.7 billion kilowatt hours, accounting for about 20% of all power generation, a year-on-year increase of 23.5%.
Game stocks continued to be active, Huicheng Technology 2 boards, Glacier Network, Shengtian Network and other stocks rose more than 5%, and the National Press and Publication Administration updated the approval information for imported online games in 2024 on August 2, adding 15 new games. Big finance fell The Shanghai Composite Index turned green, the index rose and fell, insurance, banks and other big financial institutions fell, the Shanghai Composite Index turned green, rose nearly 1% in early trading, and the Shenzhen Component Index and the ChiNext Index both narrowed. Online car-hailing, precious metals, big finance and other directions weakened, and more than 1,000 stocks fell in Shanghai, Shenzhen and Beijing. Education stocks rose again, Xueda Education rose by nearly 20%, Onlly Education, Kaiwen Education and other stocks rose by more than 5%, and recently issued the "Opinions on Promoting the High-quality Development of Service Consumption", which proposes to promote colleges and universities, scientific research institutions, and social organizations to open high-quality educational resources to meet the diversified and personalized learning needs of the public.
The Shanghai Composite Index opened higher and lower on Tuesday, and the Shanghai Composite Index once turned green, which also shows that the current market is indeed weak. The Nikkei index broke after falling more than 12%, and rose more than 10% on Tuesday morning, showing an obvious anti-package market, but A-shares did mark Oh Ah very weak, giving people the feeling that the decline was dragged down and the rise was not strong. The intraday pullback of the large financial sector is large, and it is still necessary to pay attention to the trend of financial and heavyweight stocks, and the market makes money in general. In the afternoon, pay attention to whether the Shanghai Composite Index can stabilize above 2880 points.
The ChiNext index opened higher on Tuesday, and there was an obvious shock market in the intraday, but it never turned green, indicating that over-the-counter funds are more optimistic about small and medium-sized stocks. The funds in the field are still "one-day trips", and there is no main investment direction, here we should pay attention to the changes in the disk, and who will lead the next money-making effect, this position is still to wait and see. At present, it mainly follows the ups and downs of the external market, and there is no obvious money-making effect. In the afternoon, pay attention to whether the ChiNext index can stabilize above 1630 points.
Lunchtime highlights:
1. The People's Bank of China carried out a 7-day reverse repurchase operation of 620 million yuan today, and the winning interest rate was flat at 1.7%. There are 216.27 billion yuan of reverse repurchase due today
2. As of August 5, the financing balance of the Shanghai Stock Exchange was 739.818 billion yuan, a decrease of 1.542 billion yuan from the previous trading day, the financing balance of the Shenzhen Stock Exchange was 665.494 billion yuan, a decrease of 3.933 billion yuan from the previous trading day, and the total of the two cities was 1405.312 billion yuan, a decrease of 5.475 billion yuan from the previous trading day.