The ＂fear＂ indicator of the Shanghai Composite Index is approaching 2900 points to

China's A -share market on Monday (October 23) has repeatedly fell again. As the Shanghai Composite Index fell nearly 2,900 points, the panic of investors was rapidly enlarging.

According to Bloomberg data, the 5 -day fear/greedy index of the Shanghai Composite Index and the intensity of buying the market came to the low position since October last year, showing that the fear factor was the largest in the year.At the same time, the Shanghai Index's 14 -day relatively strong indicators fell into the oversold range.

Bloomberg reported that in addition to the Shanghai Composite Index, the CSI 300 Index also hit a new low since February 2019. The Science and Technology 50 Index performed the worst in the main A -share index, and the closing of the market fell 2.5%.It is a new low since the establishment of the index in 2020.