A-share market opening express | External drag weakens A-share market and oscillates, non-ferrous metal concept walks against the trend.

On March 7th, dragged down by external factors, the three major indexes of A-shares opened lower in the morning and then fluctuated weakly. As of 9:42, the Shanghai Composite Index fell by 0.26%, the Shenzhen Component Index fell by 0.37%, and the ChiNext Index fell by 0.96%. On the news front, US stocks fell across the board on Thursday, with the Nasdaq Composite Index falling more than 10% from its record high on December 16th, officially entering a correction phase. President Trump stated that his decision to postpone tariffs on trade under the USMCA agreement with Canada and Mexico had nothing to do with the stock market trend, as he "didn't even look at the market" because he believed that the United States would be very strong in the long run. Looking at the market, the AI smart technology concept remained strong, with stocks like Qingdao Kutesmart Co., Ltd. and Nanxing Machinery hitting their daily limits. The non-ferrous metal concept also rose, with stocks like Zhuzhou Smelter Group hitting their daily limits. On the other hand, the securities and insurance sectors performed weak, while the real estate, photovoltaic, and semiconductor sectors saw significant declines. Looking ahead, Industrial believes that the market will gradually enter a phase of focusing more on reality in March and April, consciously seeking directions with policy support and performance support. Hot sectors: 1. Strong performance of the AI smart technology concept, with multiple stocks hitting their daily limits. 2. Non-ferrous metal concept seeing gains, with stocks like Yunnan Luoping Zinc&Electricity and Zhuzhou Smelter Group hitting their daily limits. Institutional views: 1. Orient: The Shanghai Composite Index is expected to continue challenging the area near 3400 points. 2. Minsheng Securities: Policy efforts will lead to marginal improvements in domestic cyclical sectors. 3. Industrial: The market will gradually enter a phase of focusing more on reality.