NetEase Finance, August 26  Stimulated by the sharp drop in external stock markets, the three major A-share indexes collectively opened sharply lower this morning, then fluctuated upwards, and then fell back in the afternoon. The three major sub-merchants collectively fell by about 1%. The pharmaceutical sector rose strongly, leading the gains in the two cities. Many stocks such as Sinopharm Accord reached their daily limit, and the automotive industry The components sector was active, with top gainers, with 9 stocks including Huapei Power hitting their daily limit. The agricultural sector opened higher and then fluctuated downwards, then turned green in late trading. The gold sector opened sharply higher in the morning, and then fluctuated downwards. The concept of Internet insurance fell sharply, leading the decline in the two cities. Heavyweight stocks such as home appliances, insurance, banks, and liquor collectively fell sharply and performed weakly.

As of the close: the Shanghai Stock Exchange Index fell 1.17% to 2863.57 points; the Shenzhen Component Index fell 0.98% to 9270.39 points; the GEM Index fell 0.91% to 1600.80 points.

In terms of sectors: Pharmaceutical business, traditional Chinese medicine, and complete automobiles were among the top gainers, while Internet insurance, hotels and catering, and park development were among the top losers.

Peripheral situation: The three major U.S. stock indexes suffered heavy losses last Friday, with the Dow Jones Industrial Average closing down 2.37% and the Nasdaq Composite Index falling 3%. Technology stocks were among the top losers, with Apple down 4.62%, AMD down 7.4%, Broadcom, Nvidia, and NXP down over 5%, and Tesla down over 4.8%. Asia-Pacific stock markets collectively fell sharply, with Hong Kong's Hang Seng Index leading the decline. Tokyo's Nikkei fell 2.17% to close at 20,261; Taiwan's Weighted Index fell 1.74% to close at 10,355 points; South Korea's Composite Index fell 1.64% to close at 1,916 points.

News: Yonghui Yunchuang joins hands with Tencent Smart Retail; Jack Ma and Musk will have a "double horse" dialogue at the World Artificial Intelligence Conference; Ministry of Transport: Transportation fixed asset investment in the first seven months completed 1,643.6 billion yuan A year-on-year increase of 4.1%; the National Information and Communications Industry Supervision Work Forum was held in Tianjin; Wang Zhijun, Vice Minister of the Ministry of Industry and Information Technology: China will promote robotics technology innovation and industrial development in an open environment; FF was revealed to launch a partnership structure   Jia Yueting will set up a personal debt repayment trust to repay domestic debt; Liu He: China will strengthen basic research and technology research and development of artificial intelligence; the overall plan for the six new free trade pilot zones proposes differentiated reform pilot tasks with each focus.

Shenguang Finance said that stimulated by the sharp drop in external stock markets, the three major A-share indexes collectively opened sharply lower this morning, then fluctuated upwards, and then fell back in the afternoon. The three major sub-merchants collectively fell by about 1%. The pharmaceutical sector rose strongly, leading the gains in the two cities, with Sinopharm Accord and other stocks hitting their daily limit, and the auto parts board The sector performed actively and was among the top gainers. Nine stocks such as Huapei Power hit the daily limit. The agricultural sector opened higher and then fluctuated downwards. It turned green in late trading. The gold sector opened sharply higher in the morning and then fluctuated downwards. The concept of Internet insurance fell sharply, leading the decline in the two cities. Heavyweight stocks such as home appliances, insurance, banks, and liquor collectively fell sharply and performed weakly. The external stock market has fallen significantly, and the short-term A-share downward momentum has not yet been fully released. The possibility of continued decline cannot be ruled out. Therefore, everyone is cautious about bargain hunting and patiently waits for the stock market to correct and stabilize.