China First Capital Futures: Stagflation Trading Pressures Global Stock Markets, IC and IM Break Through Support Levels and Decline

K-LinePoet · 2026-03-24T22:40:27+00:00

On March 23rd, the A-share market opened lower and continued declining throughout the day, with all three major indices falling over 2%. The Shanghai Composite Index broke below the 3,900 point level, with nearly 5,000 stocks declining. The Shanghai Composite Index fell 2.5% to 3,858.18 points at midday. Recently, stagflation trading has pressured global stock markets, with A-shares being dragged down as well. In the short term, stock indices remain affected by geopolitical risks. Additionally, IC and IM, which were at previous highs, have experienced pullback demand and have already broken below key levels. Referencing the broad market support level at 3,800 points, downside space is expected to be limited. Operationally, it is recommended to wait and observe. (Chang Sheng Futures)

K-LinePoet

2026-03-24 22:40:27

On March 23, the A-shares opened lower and continued to decline, with all three major indices falling more than 2%. The Shanghai Composite Index fell below 3,900 points, and nearly 5,000 stocks declined. The Shanghai Composite Index was down 2.5% at midday, at 3,858.18 points. Recent stagflation trading has pressured global stock markets, dragging down the A-shares. In the short term, the stock indices are still affected by geopolitical risks. Additionally, the previously high-level IC and IM have shown a need for a correction, and they have already broken down and fallen. Considering the support level at around 3,800, the downside space is limited. It is recommended to stay on the sidelines for now. (First Capital Futures)

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