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The economy is starting off well, and institutions are optimistic about the growth sector. The CSI 1000 ETF Huaxia (159845) experienced intraday adjustments, with heavyweight stocks Dajin Heavy Industry rising over 4%.
On the morning of April 2nd, the three major A-share indices all declined, with the Shanghai Composite down 0.37%. The CSI 1000 ETF Huaxia (159845.SZ) surged early but then pulled back, affected by overall market sentiment, and by 10:48 AM, it was down 1.09%. Among other broad-based indices, the SSE 50 fell 0.61%, the CSI 300 declined 0.59%, and the CSI 500 dropped 1.14%.
In terms of individual stocks, among the top 50 weighted stocks in the CSI 1000 Index, the top gainers included Dajin Heavy Industry up 4.03%, Jiangte Motor up 3.74%, Zeking Pharmaceutical up 1.34%, and Fulin Precision up 0.96%. However, Zhongwu High-tech and Dongxin Holdings performed poorly, with declines of 5.30% and 4.48%, respectively.
Looking at industry performance, among the major sectors heavily weighted in the CSI 1000 Index, electronics fell 1.83%, power equipment declined 1.10%, pharmaceuticals and biology rose 0.94%, computers dropped 2.19%, and machinery equipment decreased 1.40%.
According to tax data released by the State Taxation Administration on April 1, China’s economy has shown a good start, stable fundamentals, and high-quality growth this year. Manufacturing development remains steady in volume and improving in quality, with notable growth in high-tech industries and integrated circuits. Consumption and investment are exerting efforts across multiple fields, and the economy is developing with strong new momentum. As a key entity of the real economy, manufacturing is showing steady volume and improving quality, further highlighting its role as a “ballast stone.”
Dongxing Securities stated that prolonged conflict is unsustainable. Once negotiations reach a critical point, falling oil prices will ease inflation, and continued loose monetary policy will lead to capital flowing back into the stock market, restoring market valuations. The market will shift focus back to growth-oriented companies, emphasizing fundamentals and prosperity. After the weakening