NEWS： U.S. stocks fell sharply, causing panic, but bank stocks guarded the market
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The Shanghai Composite Index closed Tuesday down, but still hit a new low of more than two months. Analysts said that the overnight U.S. stock market plunged and the Nikkei index plunged in the morning. Today's market fell more than 2.5% after its low start, but the afternoon part of the bottom-reading and the entry of bank stock protection funds narrowed the decline sharply, with the Shanghai Composite Index narrowing its 2,500-point integer crossing.
They also believe that the market is already in a downward trend, so even the rebound will be limited. Towards the end of recent years, the wait-and-see atmosphere is heavy, and the capital surface of the stock market is expected to turn relatively loose in January next year. Therefore, the possibility of forming a double-bottom shape of the market is very great.
The Shanghai Composite Index. SSEC closed at 2,504.82 points, down 22.19 points or 0.88%, with the lowest close reaching 2,462.84 points, after closing at 2,486.42 points on October 18. Today's Shanghai A-share turnover was 114.6 billion yuan, up from 85.7 billion yuan on the previous day.
"Now the periphery market is worried about the U.S. stocks entering the bear market, bringing down the global market, there is also panic at home." Sun Weisheng, a senior investor in securities in the new era.
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