A-share stock market opening express | A-share collectively opens lower, with Shanghai Composite Index down 0.17%, home appliances and other consumer sectors rise

On March 26, the three major A-share stock indexes opened collectively lower, with the Shanghai Composite Index falling by 0.17% and the ChiNext Index dropping by 0.54%. In terms of the market, the household appliances and other consumer sectors performed actively; mining hardware stocks fell the most, with Biwin Storage Technology dropping by 5%. Institutional Outlook: Huatai: Take a long-term view of market volatility and avoid being influenced by short-term emotions Huatai believes that the moderate recovery of the domestic economy has not reversed, and the policy orientation remains positive. The impact from external factors mostly affects short-term emotions rather than long-term trends. If the logic of the holdings has not fundamentally changed, there may be no need to be overly anxious about short-term fluctuations. The institution urges investors to take a long-term view of market volatility, avoid being influenced by short-term emotions, stay away from panic selling, and focus on the long-term value of high-quality assets during market adjustments. China Securities Co., Ltd.: Profound impact of Middle East situation, China welcomes strategic opportunities China Securities Co., Ltd. believes that the US-Iran conflict has entered a stalemate stage, causing drastic fluctuations in oil prices. China's diversified import of crude oil, energy structure transformation, and strategic oil reserves will play a buffering role. However, under the disturbance of global risk appetite and domestic market capital constraints, A-shares may still maintain a volatile pattern in the short term. If the US-Iran conflict prolongs, it may have three major impacts: 1) Oil prices may rise, global inflation may heat up, and the pace of interest rate cuts by the US Federal Reserve may be disrupted; 2) The loosening of the oil dollar system may accelerate, and China may become a global safe haven for capital, benefiting Chinese assets denominated in renminbi; 3) It may foster strategic opportunities for China, with the dual-pillar energy base of "coal + new energy," not only ensuring its own energy security but also potentially becoming a leader in global energy transformation. Industries to focus on: coal, coal chemical industry, power equipment, utilities, petroleum and petrochemicals, AI industry chain, etc. Themes of focus: lithium batteries, nuclear power, energy storage, wind power, etc. Orient: External geopolitical events impact may present better allocation opportunities Orient believes that the current market adjustment is caused by the liquidity negative feedback from geopolitical conflict, driven more by emotions and expectations than by substantial changes in the macroeconomic environment. It is still a rapid adjustment under the external force of the slow bull market; from a medium-term perspective, the stable and positive trend of China's new economy development has not changed, and the impact of external geopolitical events may present better allocation opportunities. In the short term, technology and clean energy remain the preferred choice for trading funds. This article was reproduced from "Tencent Self-selected Stocks", edited by GMTEight: Feng Qiuyi.