A-share market opens with a quick report | A-share collectively opens lower, Shanghai Composite Index falls by 0.28%, oil, coal, and other sectors continue to show strength.

On March 13th, the three major A-share indexes opened lower collectively, with the Shanghai Composite Index falling by 0.28% and the ChiNext Index dropping by 0.63%. On the market, sectors such as petroleum and coal continued to show strength, with Zhongman Petroleum And Natural Gas Group Corp., Ltd. rising by over 2%; the gaming sector was active, with Shenzhen Bingchuan Network rising by over 8%; while sectors like precious metals and communication equipment led the declines. Institutional Views on the Future Market: Sinolink: Currently, the economic cycles between China and the US and the Russia-Ukraine conflict are different, with opportunities still outweighing risks. Sinolink believes that AI is causing deflation in the service industry and the rise of hardware assets, shifting market focus from the "tech narrative" of light assets to the "hardware reality" of heavy assets. Chinese assets, due to their high proportion of manufacturing and tangible assets, have become "HALO assets" in the eyes of global investors. Sinolink is optimistic about industries such as energy, industrial metals, Chinese chemicals, power equipment, and machinery, with consumer recovery expected to increase with foreign exchange funds. Galaxy Securities: If the Middle East conflict becomes prolonged, asset pricing logic may change Galaxy Securities believes that in traditional pricing logic, US bonds, the US dollar, and US core assets are considered "safe assets," but if the conflict becomes prolonged, rising energy costs, weakened US fiscal constraints, and damaged strategic trust may shake this system. Gold, energy assets, non-dollar currencies, and markets with supply chain resilience and geopolitical stability (such as China) may receive new premiums. Orient Securities: From a technical perspective, the Shanghai Composite Index may challenge the area near 4150 Orient Securities stated that from a technical perspective, they believe the Shanghai Composite Index may challenge the area near 4150, as it reached the 4141 point area yesterday. Although there was a quick recovery after the pullback, the pressure in that area remains clearly visible, with the potential for further challenges to new highs in the future.