Huaxia Fund's analysis is much more reliable than blaming the quantification.

CoinWorld News reports that the A-shares market opened high and then declined throughout the day, with voices suggesting that "quantitative strategies hit key levels and then dumped the market." Several quantitative fund managers from private and public funds deny this. A partner at a quantitative private equity firm stated that, based on public information and trading mechanisms, there is no evidence to suggest that many strategies in the market set such "special numerical price points" as unified selling points; the aforementioned judgment lacks basis. Another public quantitative fund manager also disagrees with the idea of "quantitative dumping." China Asset Management believes that the core reason for today's sudden market plunge is the over-concentration and overheating of the technology sector, which triggered profit-taking and widespread selling. Additionally, China Asset Management mentioned that the recent rapid rise in U.S. Treasury yields has raised liquidity concerns, especially since the market has largely ignored the risks of high oil prices since April, leading to increased sensitivity to negative news after a significant rally.