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Our market is too dependent on policies, which always leads to being used by people. In particular, every time the policy is issued after the A-share market closes, the consistency expectation is too strong, and it often goes high and low every other day! The greater the gain, the more the loss. It's really amazing.Three reasons: high opening and low going.Second, the peripheral stock markets fell across the board. Yesterday, Hong Kong stocks rose by more than 2.5%, but today they surged back. The FTSE A50 rose by more than 4.6% yesterday and fell by nearly 3.5% today. A-shares did not follow up, but followed down. That was one set after another.

Three reasons: high opening and low going.First, domestic capital continues to smash today. Yesterday, the domestic capital outflow was nearly 70 billion yuan. Today, there was only a small inflow at the opening, followed by a continuous outflow, which simply could not be sold out!

In addition, the trading hours of A-shares and Hong Kong stocks do not correspond, which is also the main reason that affects the market trend in the later period, because many blue-chip stocks are listed simultaneously in Hong Kong stocks and A-shares. When the news comes out, Hong Kong stocks are still trading, and large funds can open options in Hong Kong stocks to do more. The next day, they will sell short in A-shares and take it all!Three reasons: high opening and low going.