Recent trading days have seen mixed performances in global stock markets, with the US stock market showing divergence. The Dow Jones Industrial Average fell by 466 points, and the S&P 500 also failed to avoid decline, with only the Nasdaq managing a slight rebound. The impact of this correction is far from over—Chinese concept stocks index dropped by 1.58%, and the FTSE A50 futures in the Asia-Pacific region also depreciated, falling by 0.49%.

The performance of the commodities market is even more concerning. Almost all mainstream commodities are declining, including gold, silver, crude oil, copper, aluminum, and zinc. This reflects a decrease in market risk appetite, with investors beginning to tighten their defenses.

Back to the A-shares market, it is expected that the Shanghai Composite Index will continue this oscillating pattern today, possibly even closing with a significant bearish candle. From a technical perspective, around 4040 points is a critical support level. If broken, further decline may occur. Therefore, participants should be mentally prepared for deeper retracements in the near future and not be frightened by sudden volatility. Maintaining a solid risk defense line is essential to finding opportunities amid the fluctuations.