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【Introduction】The three major A-share indexes rose collectively in the late trading

China Fund News reporter Taylor

Brothers and sisters, today's A-shares are really full of shocks and surprises.

A shares rose in late trading

On the 13th, the three major A-share indexes fluctuated throughout the day. At around 2 p.m., the Shanghai Composite Index plunged sharply, but fortunately, it quickly rose in the late trading. As of the close, the Shanghai Composite Index rose 0.34%, the Shenzhen Component Index rose 0.43%, and the ChiNext Index rose 0.93%.

The total trading volume of the Shanghai and Shenzhen stock markets for the day was 477.32 billion yuan, down 18.56 billion yuan from the previous trading day, hitting a new low since December 24, 2019, and has been less than 500 billion yuan for two consecutive days.

A total of 3,729 stocks rose and 1,377 stocks fell in the two markets.

Infrastructure stocks rose collectively, with many stocks such as Hope Holdings, Zhubo Design, and Zhongyan Dadi hitting their daily limit.

Consumer electronics concept stocks strengthened.

Photovoltaic, lithium battery and other new energy sectors rebounded in the afternoon!

Brokerage stocks moved unusually in the late trading session, Jinlong shares hit the daily limit, and Tianfeng Securities rose by more than 7%.

The concept of AI smart glasses has soared, and the leading stock Dr. Glasses has reached its daily limit. According to Bloomberg's Mark Gurman, the Apple Vision team is continuing to experiment with several different wearable VR/AR glasses products, including a more affordable Apple Vision headset, the second-generation Apple Vision Pro, and a pair of smart glasses similar to Ray Ban Meta. It maintains the high-resolution display and appearance of Vision Pro, and the gesture + eye tracking interaction method will not be much different, but the weight will be reduced, and the price will be half of the current Vision Pro. It is expected to be accepted by more people, and thus become a new opportunity to expand the Vision Pro ecosystem.

In addition, after the A-share market closed, the central bank announced a big boost of 100 billion yuan!

The People's Bank of China has decided to increase the re-lending quota of 100 billion yuan to support agriculture and small businesses in 12 provinces (autonomous regions and municipalities), including Chongqing, Fujian, Guangdong, Guangxi, Henan, Heilongjiang, Hunan, Jilin, Jiangxi, Liaoning, Shaanxi and Sichuan, to support flood prevention, disaster relief and post-disaster reconstruction in severely affected areas, and to increase credit support for business entities in the disaster-stricken areas, especially small and micro enterprises, individual industrial and commercial households, as well as agricultural and breeding enterprises and farmers.

In the next step, the People's Bank of China stated that it will urge relevant provincial (autonomous region, municipal) branches to make good use of the newly added re-lending quota, guide financial institutions to accurately match the financing needs of disaster relief and post-disaster reconstruction, simplify procedures, speed up approvals, ensure the funding needs of disaster-stricken enterprises, and help them resume production.

Nikkei 225 recovers to pre-crash level

The Nikkei 225 index closed up 3.45% at 36,232.51 points, standing above the 36,000 point mark, recovering all losses since the sharp drop on August 5. In terms of individual stocks, Keyence rose more than 8%, Hitachi rose nearly 7%, Tokyo Electron rose more than 6%, and Sony rose more than 5%.

The Nikkei 225 and Topix have both fallen more than 7% since late July, when the Bank of Japan raised its benchmark interest rate and unveiled plans to reduce bond purchases. The benchmarks fell into a bear market on Aug. 5, with a drop of more than 20%.

The rate hike had boosted the yen, but the Bank of Japan subsequently said it would not tighten policy too quickly to avoid further market volatility. Investors around the world closed their positions and unwound carry trades funded by the yen.

Analysts said that the first wave of unwinding of yen carry trades should have been completed, and investors' attention is now turning to US inflation and retail sales data to assess the possibility of a soft landing. Risk sentiment is recovering, and most Asian markets are expected to stabilize in the current range unless there is a major shock that could significantly change the Fed's rate cut path.