What's going on? A-shares suddenly weakened in the afternoon, wind power sector surges again against the trend

On March 13, the market experienced a day of oscillation and adjustment, with a rapid decline at the close. By the end of the trading session, the Shanghai Composite Index fell 0.81%, the Shenzhen Component Index dropped 0.65%, and the ChiNext Index declined 0.22%.

In terms of sectors, the chemical industry continued its strength, the wind power sector remained active, and the controlled nuclear fusion concept quickly rose. On the downside, the computing power leasing concept collectively retreated, and the non-ferrous metals and tungsten concepts continued to decline.

Over 3,800 stocks in the entire market declined. The combined trading volume of the Shanghai and Shenzhen markets was 2.4 trillion yuan, shrinking by 41.6 billion compared to the previous trading day.

After yesterday’s broad decline, the A-shares appeared to recover mildly today in the morning, but in the afternoon, they continued to weaken, almost in a one-sided downward trend.

Why is this happening?

From a logical perspective, Fridays are often times when funds “bet on weekend developments,” leading to concentrated exits. This may reflect the current market confidence being fragile, with concerns about external uncertainties (such as new developments in Middle East conflicts), prompting investors to adopt a cautious, hold-and-wait strategy.

Compared to last Friday’s closing prices, the main stock indices have mostly shown a “bottoming out and rebounding” pattern this week. The Shanghai Index’s weekly K-line is a doji; the Shenzhen and ChiNext indices benefited from the strong performance of the new energy sector, with long weekly bullish candles indicating a leading recovery.

However, this week also featured a clear characteristic of “rising indices without rising individual stocks,” with the average stock price in the All-Share Index falling a total of 1.16% for the week, ending with a bullish candle.

Regarding the new energy sector, the wind power equipment sector, which surged for two consecutive days, is particularly noteworthy.

Dual Logic Reinforces, Wind Power Gains Again

Before 10 a.m., the wind power sector, which surged sharply yesterday afternoon, followed the strength of the battery sector, turning red again and rapidly rising, with further gains in the afternoon.

Two days of volume-driven explosive growth suggest that funds are repeatedly “revisiting” these stocks, but there is also solid logical support, as mentioned in yesterday’s analysis with some institutional viewpoints.

On the news front, on one hand, tensions in the Middle East have heightened Europe’s energy security concerns. The UK announced the removal of 33 wind power component import tariffs starting April 1, reducing tariffs on core parts like blades and cables from 6% and 2% to 0%, aiming to unlock £22 billion in investment and accelerate offshore wind installations in the North Sea.

On the other hand, the industry itself remains highly optimistic. Data shows that in January-February 2026, China completed tenders for 81 wind power projects with a total capacity of about 12.335 GW (excluding framework tenders). Electrical wind power led with a winning bid of 2,558 MW, accounting for 20.74% of the market share, especially in offshore wind, where the share reached 53.39%.

The lithium battery materials sector also rose. The U.S. International Trade Commission (ITC) ruled on March 12 that Chinese imports of active anode materials (lithium-ion negative electrodes) do not substantially hinder the U.S. domestic industry. This overturned the earlier affirmative anti-dumping and countervailing duty rulings made by the U.S. Department of Commerce on February 11, which had imposed anti-dumping duties ranging from 93.5% to 102.72% and anti-subsidy duties from 66.82% to 86%.

Changjiang Securities pointed out that this ruling reverses the negative expectations caused by previous anti-dumping tariffs on domestic anode companies’ competitiveness in the U.S. and their long-term outlook, providing a clear valuation recovery signal and significantly boosting sentiment in the domestic anode materials industry chain.

What other sectors are worth watching?

It is evident that the price-increase logic driven by geopolitical conflicts is still spreading in the market, but the oil and gas sector, which was the earliest and most directly affected, has yet to regain its upward momentum—even though international oil prices have performed relatively well.

Some analysts believe that as the Middle East conflict becomes more “long-term,” its short-term impact on the market will diminish. Some previously overlooked sectors are gradually showing opportunities to emerge.

Today’s market shows slight movements in these directions:

Real Estate

On the news front, Shenzhen Beike Research Institute’s latest data shows that in February, the number of second-hand homes listed by its partner stores decreased by 3.3% year-on-year. Chongqing Municipal Housing and Urban-Rural Development Commission reported that in the same period, the transaction volume of commercial housing increased by 7.27% year-on-year, with a 0.3% rise in transaction prices. The proportion of high-quality “good houses” in transactions reached 28%.

Industry insiders believe that as restrictive policies continue to optimize across regions, combined with the mature industrial ecosystem, solid economic foundation, and accelerated transportation infrastructure in the Guangdong-Hong Kong-Macao Greater Bay Area, the gathering effect of talent in emerging industries will significantly strengthen, providing substantial support for housing demand. It is expected that the national housing market will shift from policy-driven to endogenous growth, entering a stage of steady volume and improving quality.

Banking

From a comprehensive institutional perspective, under the backdrop of Middle East conflicts, market risk appetite remains limited. The recovery of equities has paused, but dividend-paying sectors may still present opportunities. The rotation between traditional and emerging sectors, value and growth stocks, is likely to continue.

Kitchen and Bathroom Appliances

According to media reports, due to potential gas shortages triggered by Middle East conflicts, Indian households are rushing to buy electric stoves, leading to rapid depletion of inventories both online and offline.

Indian kitchen appliance manufacturer TTK Prestige stated that if supply disruptions continue, it will switch from sea freight to air freight for parts sourced from China and Southeast Asia, incurring higher costs to ensure supply.

Brain-Computer Interface (slight movement in the afternoon)

Recently, the National Medical Products Administration approved the registration of an innovative implantable brain-computer interface system for hand motor function compensation developed by Borui Kang Medical Technology (Shanghai) Co., Ltd., marking the world’s first launch of such a medical device.

(Article source: Daily Economic News)