I had thought that the high dividend weight sectors like banks and oil had fallen about as much as they would, and that consumer goods, pharmaceuticals, and new energy had shown a bottoming structure, with the index basically having fallen to its position. Coupled with the central bank's hint of a reserve requirement ratio cut and the merger of Guotai Junan and Haitong Securities to boost market sentiment, it could bring about a rebound. Unexpectedly, today at the opening, banks and securities did indeed pull up a wave, but the consumer goods, pharmaceuticals, and new energy that had already stabilized started to fall again, with individual stocks falling in a mess, and the index turning downward after a pull, falling unilaterally, and the trend was too ugly.

There is still no volume; when one side goes up, the other has to go down, with funds rolling around and taking from each other. Today, the Hong Kong stock market did not open due to the typhoon, and foreign capital did not participate all day, so it was entirely domestic capital that smashed the market. Is the fund redemption wave still ongoing?

Today, the Shanghai Composite Index of A-shares set a new low for this stage, almost falling back to the level at the beginning of the year. You should know that in January, it was the blowout of snowball, quantitative DMA, and financing that led to this level, and now these leverages have basically been cleared, and securities lending and re-lending have long been reduced by regulation, coupled with the national team buying every day, it can still fall to this position, how much more capital does domestic capital still have to sell.

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Alas! Yesterday, Chinese football lost 0:7 to the Japanese team, and today's miserable state of A-shares is no less, worthy of the two that cannot be supported, fans and stockholders are both people who have fallen to the ends of the earth.

Today, I don't want to write a long article, just take a simple look at the news:

Guotai Junan and Haitong Securities announced last night that Guotai Junan plans to absorb and merge Haitong Securities, and the two companies are suspended today.

Last night, the United States announced that the small non-farm employment data was 99,000 people, lower than the market's expectation of 145,000 people. The number of people applying for unemployment benefits last week was 227,000, although lower than the market's expectation of 230,000, it has also stabilized. In addition, the two major service industry PMIs were better than market expectations, which is in line with my previous analysis. Although the U.S. manufacturing industry is still relatively weak, the service industry remains resilient, and the U.S. economy mainly relies on consumption. Although it is not yet possible to say that the U.S. economy will go into a recession.

Tonight, attention should be paid to the non-farm employment data announced by the United States in August. The fuse of "Black Monday" on August 5th was the July non-farm and unemployment rate explosions.

According to the documents submitted to the U.S. Securities and Exchange Commission (SEC) on Thursday, Huang Renxun sold nearly 5.3 million NVIDIA shares in a series of transactions from June 13th to September 4th, with each sale being 120,000 shares, and has cashed out more than 4 billion since June.

Today's news is relatively flat, and there is no significant bad news, and the smashing is inexplicable. As of the close, the Shanghai Composite Index fell by 0.81%, and the ChiNext Index fell by 1.70%, with more than 4,700 declines.In terms of industry sectors, only non-bank financials and banking saw an increase, while coal, electronics, light manufacturing, computers, textiles and apparel, and other industries led the decline.

Risk Warning:

The stock market involves risks, and investment should be approached with caution. This article does not constitute investment advice, and readers should think independently.