Pre-market share

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  1. Major Market Core Data (April 3) [Taoguba]
    . Shanghai Composite Index: 3880.10 (-1.00%), open 3927.59, high 3929.53, low 3871.30
    . Shenzhen Component Index: 13352.90 (-0.99%), open 13553.65, high 13558.91, low 13345.61
    . ChiNext Index: 3149.60 (-0.73%), open 3182.45, high 3182.45, low 3120.17
    . STAR Market 50: 1256.21 (-0.47%)
    . Trading value: 1.66 trillion (down 186.5 billion vs. the prior day; the lowest level this year)
    . Number of gainers/losers: over 4700 stocks declined, only 600-odd rose; a broad-based decline pattern

  2. Intraday Characteristics and Structure
    . Trend: opened higher and then fell, a one-way downturn; no fund inflow returned toward the close
    . Main theme: compute power / CPO / optical modules led the market higher against the trend (sector +3%+), with the main funds’ net inflow of 8.5 billion+
    . Laggards: power, coal, and traditional cyclicals (power sector -2%+)
    . Funds: the northbound channel is closed; domestic investors take a cautious stance and hold cash; competition among existing positions

II. Global Markets Close on April 6 (Qingming Holiday)

  1. US Stocks (April 6)
    . Dow Jones: 46669.88 (+0.36%)
    . S&P 500: 6611.83 (+0.44%)
    . Nasdaq: 21996.34 (+0.54%)
    . Philadelphia Semiconductor: +1.06%

  2. Asia-Pacific
    . Nikkei 225: 53413.68 (+0.55%)
    . South Korea KOSPI: 5450.35 (+1.36%)

  3. Commodities
    . WTI Crude Oil: 98.71 USD (+3.11%)
    . Brent Crude Oil: 109.77 USD (+0.68%)
    . COMEX Gold: 4676.10 USD (-0.08%)

III. Tomorrow (4.8) Opening + Intraday Forecast

  1. Market Outlook
    . Opening: modestly higher (+0.3%~+0.5%), driven by the collective strength of US stocks + Asia-Pacific
    . During the session: oscillation upward; Shanghai Composite (SSE) index 3850–3930 range, Shanghai stronger than Shenzhen with structural differentiation
    . Volume: expected to return to 1.8 trillion+; funds flowing back to the technology main theme
    . Main theme: AI compute power / optical modules / semiconductors (performance + events + capital resonance)

  2. Core Logic (strong continuity)
    . US stocks’ tech sector led the gainers; Philadelphia Semiconductor +1.06%, reflecting A-share compute power / chips
    . In April, the Q1 earnings season is densely disclosed, with high growth rates for compute power / optical modules
    . MIIT’s “compute power banks / supermarkets” policy catalyst continues to drive capital inflows
    . Geopolitical easing + looser liquidity; risk appetite repairs

The above information is for personal analysis and verification only and does not constitute investment advice.

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