A-shares Market Close | Shanghai Composite Index falls 0.74%, trading volume shrinks again! Multiple biotech stocks hit the daily limit

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President Trump of the United States delivered a nationwide televised speech on the Iran conflict. The market had initially bet that he would send a cooling signal, but instead, he delivered a new threat: he announced that in the next two to three weeks, he will launch “extremely fierce strikes” against Iran.

Iranian military spokesperson stated that larger, more widespread, and more destructive attacks are imminent. The war will continue until “the enemy surrenders and is forever remorseful.”

Oil prices responded first: Brent crude futures rose by up to 7%, spot gold fell below $4,600 per ounce; Asia-Pacific stocks came under pressure across the board, and U.S. stock futures declined in tandem.

A-shares also adjusted today, with the ChiNext index falling noticeably. Funds favored oil and gas, banking, and innovative pharmaceuticals among a few sectors. Market-wide, only 1.8 trillion yuan in total turnover was recorded, a drop of over 18k yuan compared to the previous trading day, with over 4,300 stocks declining.

From the market perspective

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