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China Fund News Taylor

Brothers and sisters, today's market is still sluggish, even falling below 2,900 points during the session. The three major indexes all fell. Let's take a look at what happened.

A shares hold 2900 points

The Shanghai Composite Index fell below 2,900 points today, reaching a low of 2,894.29 points. By the close of trading, the Shanghai Composite Index fell 0.46%, the Shenzhen Component Index fell 1.32%, and the ChiNext Index fell 1.23%.

A total of 799 stocks in the market rose, 51 stocks hit the daily limit, and 4,445 stocks fell.

The dividend sector rose against the market trend, with China Yangtze Power, China National Nuclear Corporation, Huaneng Power, Sichuan Investment Energy, China General Nuclear Power Group and Industrial and Commercial Bank of China all setting new historical highs.

Wind power equipment strengthened, Feiwo Technology hit the daily limit of "20cm", Xinqianglian, Weili Transmission, Yunda Holdings, Jinlei Holdings, Hongde Holdings, and Electric Wind Power rose by more than 5%.

Today, big funds are back in the market. One of the reasons for the market's decline yesterday (23rd), especially the decline at the end of the trading day, was that the market believed that big funds did not support the market. However, when the index fell below 2,900 points today, many CSI 300 ETFs increased their trading volume significantly, and big funds were clearly out, which also helped the Shanghai Composite Index turn positive.

Analysts believe that today, when the stock index fell below 2,900 points, large funds returned to the market, boosting the market and dispelling market concerns. However, it is undeniable that the current market without the support of large funds is like a deflated ball and is indeed difficult to boost. Analysts said that although large funds returned to the market again, the overall effectiveness may be limited due to the lack of market growth and low sentiment. Without more stimulation and boost, the current market may not have much performance.

Harris leads Trump slightly in support

Harris holds a razor-thin two-point lead over Republican Donald Trump, according to a Reuters/Ipsos poll after Biden ended his reelection campaign and handed the baton to Vice President Kamala Harris.

By comparison, Biden was trailing Trump by two percentage points in polls before he dropped out of the race last Sunday.

Harris' campaign says she has clinched the Democratic nomination, leading Trump 44% to 42% in national polls, a margin within the 3 percentage point margin of error.

While national surveys can send important signals about American voters' support for political candidates, it is the U.S. Electoral College that ultimately decides the outcome of presidential elections, and a small number of closely contested states often sway the outcome.

A Trump campaign pollster shrugged off any polls showing Harris's support growing, arguing her popularity could be temporarily boosted by widespread media coverage.

Market analysis shows that Harris is standing on the threshold of history. If she is successfully elected president, she will not only become the first woman to serve as president of the United States, but also the first Indian American, the first Asian, the first black woman and the first Jamaican to serve as president.

Democratic donors from across the spectrum are eager to help Harris achieve that goal.

Harris' campaign said it raised a staggering $100 million from Sunday to Monday night across all fundraising committees, far outpacing Trump's $53 million. Harris' campaign said more than 1.1 million donors have contributed, 62% of whom are first-time donors this cycle.