CITIC Futures: Stock index retracement follows geopolitical developments and earnings season progress

2026-04-12 03:16:51

On Tuesday, the central market for equities experienced a pullback, with resource stocks and technology stocks showing weakness. Market volume slightly exceeded 2 trillion yuan, and it remains in a state of very low trading activity. At the industry level, defensive sectors such as banks and food companies are relatively resilient, indicating the market’s risk-averse nature. Looking ahead, until geopolitical risks are cleared, it is normal for the market to fluctuate widely following news developments. The reason for the previous advice to buy on dips is partly due to technical support near the 3,800 level of the Shanghai Composite Index and partly because China’s entire industrial chain has risk resistance capabilities. In the short term, continue to monitor geopolitical developments and earnings season progress to adjust positions. (CITIC Futures)

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