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Three reasons: high opening and low going.First, domestic capital continues to smash today. Yesterday, the domestic capital outflow was nearly 70 billion yuan. Today, there was only a small inflow at the opening, followed by a continuous outflow, which simply could not be sold out!

In addition, the trading hours of A-shares and Hong Kong stocks do not correspond, which is also the main reason that affects the market trend in the later period, because many blue-chip stocks are listed simultaneously in Hong Kong stocks and A-shares. When the news comes out, Hong Kong stocks are still trading, and large funds can open options in Hong Kong stocks to do more. The next day, they will sell short in A-shares and take it all!In addition, the trading hours of A-shares and Hong Kong stocks do not correspond, which is also the main reason that affects the market trend in the later period, because many blue-chip stocks are listed simultaneously in Hong Kong stocks and A-shares. When the news comes out, Hong Kong stocks are still trading, and large funds can open options in Hong Kong stocks to do more. The next day, they will sell short in A-shares and take it all!First, domestic capital continues to smash today. Yesterday, the domestic capital outflow was nearly 70 billion yuan. Today, there was only a small inflow at the opening, followed by a continuous outflow, which simply could not be sold out!

Our market is too dependent on policies, which always leads to being used by people. In particular, every time the policy is issued after the A-share market closes, the consistency expectation is too strong, and it often goes high and low every other day! The greater the gain, the more the loss. It's really amazing.