Gold, silver, and copper have currently seen significant declines, exceeding 30%!
Because these sectors contain large-cap stocks, the broader market may open below 4064 points.
The performance of Hanwang, a large-cap stock on the Science and Technology Innovation Board, has been disappointing.
BlueFocus, a large-cap stock on the ChiNext board, has reduced its holdings, and Kunlun Tech has incurred losses, which will likely negatively impact other AI applications.
Zhongji's performance has a large range, with little positive news. Only Xin Yisheng's performance is somewhat better. However, the problem is that with the market crashing, metal stocks opened at their daily limit down, creating a liquidity crisis. Institutions will inevitably sell stocks that haven't fallen much, or even risen, to cover margin calls on other metal stocks. Therefore, I am not optimistic about Zhongji and Xin Yisheng's performance on Monday; they will inevitably be dragged down.
If a liquidity crisis occurs, quantitative trading will likely trigger a sell-off, requiring a certain "team" to stabilize the situation. The problem is that this "team" has reduced its ETF holdings too much, and Moutai and insurance stocks have risen sharply. Can they stabilize the situation? Will the funds sold at 4100 return at 4000? Or will we have to wait for a lower level?
Monday will be a bloodbath! Those who bought the dip in non-ferrous metals on Friday will probably be completely wiped out when the market opens.