Shanghai, China – Investors were fixated on the fluctuations and rebounds in the A shares market yesterday, with the GEM index leading gains. Despite some turbulence, the Shanghai Stock Exchange Index saw a 0.39% increase, the Shenzhen Component Index rose by 0.04%, and the ChiNext Index surged by 0.59%. AI concept stocks remained active, particularly in the liquid-cooled server and computing power sectors. However, some sectors such as hydrogen energy stocks experienced a downturn. Overall, more than 3,100 stocks fell compared to those that rose, with a total turnover of 1.0771 billion on the Shanghai and Shenzhen stock markets.
Furthermore, in the international market, the three major New York stock market indexes experienced declines on the 4th of March. Meanwhile, Europe’s stock indexes saw mixed gains and losses, with the UK’s FTSE 100 declining by 0.55%, while France’s CAC40 index and Germany’s DAX index showed contrasting movements.
Oil prices also fell, with both light crude oil futures and London Brent crude oil futures experiencing a decrease on the 4th of March. This decline was influenced by various economic and geopolitical factors impacting the global oil market.
In breaking news, the Shanghai and Shenzhen Stock Exchanges conducted trading compliance training for quantitative private equity institutions. This initiative aimed to enhance understanding of regulatory requirements and preventive measures to mitigate risks associated with quantitative trading. Additionally, various companies responded to the growing traction in the liquid-cooled server sector, with expectations for increased demand in the future.
Moreover, Shanxi Fenjiu announced a price hike for its core product, Blue and White 20, signaling industry optimism in high-end liquor and regional wine leaders. On the geopolitical front, the U.S. government’s plans to conduct a national security risk review on connected cars of Chinese origin have raised concerns among Chinese officials, highlighting potential trade tensions.
Looking ahead, the Global Developers Pioneer Conference is set to take place in Shanghai, focusing on the latest industry trends and innovations. Investment institutions have also shared insights on potential sectors for growth and investment opportunities in the coming months. With various economic indicators and market developments, investors are advised to stay informed and strategize their moves accordingly to navigate the dynamic landscape of the global financial markets.