Market Insights: Apr 1st, 2024


The Caixin China Manufacturing PMI for March was 50.9, a slight increase of 0.2 percentage points, marking the highest since March 2023.

A-share Market Performance:

  • The sectors with significant gains in the A-share market today include precious metals, securities, smart lampposts, 5.5G technology, basic metals, non-ferrous metals, artificial intelligence chips, and CPO (fine chemical products), among others.
  • Conversely, sectors that experienced larger declines include automobile dismantling, automobile services, coal industry, hub motors, education, ST (special treatment) stocks, and pork concept, among others.

Economic Data and Stock Market Trends:

  • March Caixin China Manufacturing PMI slightly rose to 50.9, improving for the fifth consecutive month, marking the most significant growth rate in 13 months.
  • A-shares opened high and moved higher, with the Growth Enterprise Market Index surging 1.75%, the Shenzhen Component Index gaining 1.52%, and the Shanghai Composite Index up 0.77%. Government bond futures fell across the board.
  • Spot gold prices hit a historic high, continuing to rise, now at $2256.31 per ounce, with a daily increase of 1.06%.

Company Performance:

  • The fast-fashion cross-border e-commerce platform SHEIN recorded a profit of over two billion dollars last year, with a total merchandise volume of approximately 45 billion dollars.

Federal Reserve Policies and Commentary:

  • Federal Reserve Chair Jerome Powell mentioned that he hopes to see more "favorable" inflation data, and will continue to carefully consider the timing for rate cuts.
  • Wall Street commentators noted that the Federal Reserve is currently willing to wait for more data before deciding on rate cuts.

Other Market Dynamics:

  • In the Asian markets, Japanese stocks opened high and went lower, while Korean stocks saw a slight rise, with spot gold prices continuously increasing.
  • Syngenta Group has cancelled its 65 billion listing application.
  • Aonong Bio (603363.sh) opened nearly 10% lower, then slightly recovered. As of the deadline, Aonong Bio was down 5.61%, at 5.37 yuan.


Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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