Sharp correction in overseas tech stocks sparks concerns; institutions: A-share tech narrative is relatively independent.

Recently, global stock markets have experienced sharp volatility, with particularly dramatic swings in the share prices of technology companies. On November 5 local time, the U.S. technology sector suffered large-scale selling, with the Philadelphia Semiconductor Index falling 12.5%, marking its largest single-day decline since March 2020. Affected by this, the A-share technology sector opened lower on November 6, but intraday losses narrowed somewhat. Analysts believe that although China's technology stock market has been disturbed to some extent by external factors, it overall still has a relatively independent narrative logic, and the A-share technology sector has long-term investment value.