This morning, after A-shares hit a low point, there was a rebound, but the strength of capital inflow was somewhat lacking. Normally, this round of recovery should have driven more than 2,500 stocks to turn green, but the actual pace was noticeably slow. The robotics concept and commercial aerospace sectors led the gains, though the latter showed signs of pulling back after surging. The Fujian sector is quite interesting, with the stocks further down the rankings performing strongly, while the leading stocks in the front actually underperformed.

This afternoon, we need to see if any new catalysts emerge. The key now is to make sure panic sentiment doesn’t continue to spread; with shrinking volume, it’s basically impossible to rely on the index itself to rally. The robotics sector is following the volatility of U.S. stocks, and the AI sector is once again playing those old tricks. Just keep an eye on the number of limit-down stocks and changes in trading volume; other technical indicators don’t have much reference value for now.