(Shanghai Comprehensive News) After the Shanghai Stock Exchange Index fell below the important psychological barrier of 3,000 points last week, the Chinese stock market continued to fall, and the science and technology board index and the Shanghai and Shenzhen 300 index have fallen to the lowest level in three years.
The CSI 300 Index tracked the CSI 300 (October 23) fell by 1%and closed at 3474 points. It was the lowest closing level since February 2019.
Tracking science and technology companies including science and technology companies including chip manufacturers and other science and technology companies fell 2.5%on Monday, and closed at 840 points, which is the lowest level in the three years of the science and technology board.
TheShenzhen Index also continued to fall by 1.5%to the lowest level since 2020.The Shanghai Stock Exchange Index fell 1.47%on Monday, a record low in the past year.The market sentiment was very sluggish, and the "A -share plunge" once appeared on Weibo to search for the first place.
According to Bloomberg, China conducts tax audit on Foxconn's enterprises. Foxconn ’s industrial rich union has daily limit, dragging the Shanghai Index to the largest, and led the Shanghai and Shenzhen 300 index.The chip stock Hanwu Ji closed the limit and performed the worst in the 50 ingredients stocks of the science and technology innovation.
Analysis believes that the Shanghai Stock Exchange Index fell below the 3,000 -point integer mark last week, breaking the psychological expectations of many investors, and caused panic selling and redemption.
In addition to concerns about China's domestic economic health, the expectations of the spread of Harbin conflict and the Federal Reserve's interest rate hikes have aggravated the pessimistic emotions of investors.
