At the same time, the decline of the Shenzhen Index and the ChiNext Index also expanded in an instant, and they all crossed the 2.1% decline mark.

Other popular mainline concepts, such as 'infrastructure', 'state-owned enterprise reform', 'Internet finance', 'Shanghai Free Trade Zone' and other main line areas, as well as their related industry sectors, concept plates, and many core constituent stocks, have also encountered panic selling by all parties in the market at this moment, and the decline has expanded, and continues to lead the two markets.

At 10:25, the Shanghai Composite Index fell to 2.2%, touching 2250 points, and the GEM index fell to 2.5%, including in addition to the "Beixin Road and Bridge, Beijiang Jiaotong Construction, Shanghai Sanmao, Shanghai Construction Engineering" and other popular leading stocks, "Oriental Wealth, Huaxin Cement, Bayi Steel" and other popular stocks, also began to kill the fall limit, the two cities fell to the limit of stocks, a total of more than 30.

At 10:31, at the moment when the market spent 1 hour of trading time, the Shanghai Composite Index began to usher in a brief intraday rebound from the bottom of the intraday panic, that is, near 2246.37 points, and the banking sector in the field of "big finance" is still outstanding, not only becoming the only industry sector in the two cities to turn red, but also in the moment when the index ushered in a brief intraday rebound, and then quickly pulled up, and the increase broke through to 0.5%.

Among them, the core constituent stocks in the banking sector, such as Minshang Commercial Bank, Minsheng Bank, Ping An Bank, Shanghai Pudong Development Bank, etc., all rose by more than 1%, and on the disk, the main large buy orders at the level of 10,000 hands are still continuing to buy, guiding the market to safe-haven funds and large-scale inflows into this field.

Of course, at the same time, the popular main areas such as 'infrastructure', 'state-owned enterprise reform', and 'Internet finance' that led the two cities, and a number of popular stocks that fell sharply also briefly ushered in a large number of speculative funds to buy the bottom, and the decline has shrunk, and the amount of energy has also been amplified for a short time.

At 10:46, the Shanghai Composite Index fell back to about 2%, and the votes of 'Oriental Fortune, Huaxin Cement, Bayi Iron and Steel, Kumho Group', which had already fallen to the limit, were opened under the bottom of many speculative funds, and the decline also retracted rapidly, returning to the range of 7% to 9%.

At 10:57, the Shanghai Composite Index fell to less than 2%, following the banking sector, securities, insurance also began to move up, and the entire 'big finance' field began to lead the two cities in an all-round way.

At 11:01, half an hour after the market entered the end of noon, the rioting 'big finance' encountered extreme selling, and the indices of various related industry sectors began to fall one after another.

At 11:05, after the heavy upward pressure on 'big finance', many hedging funds that withdrew from the core main areas such as 'infrastructure', 'state-owned enterprise reform', 'Internet finance', and 'Shanghai Free Trade Zone' began to flow into the consumption and pharmaceutical fields in large quantities.

At 11:06, the liquor plate moved, and Qianzhou Moutai turned red and rose.

At 11:07, the white electricity consumption sector rose sharply in a short period of time, and the two major white power stocks of Gree Electric Appliances and Midea Electric Appliances rose one after another, recovering many intraday declines in the early stage.

At 11:08, innovative drug stocks and vaccine stocks in the pharmaceutical field recovered their losses sharply and rose.

At 11:10, in the process of the general decline in the field of 'big finance', the rapid rise of 'liquor', 'white electricity' and 'medicine' fields attracted a large inflow of safe-haven funds from all walks of life.

At 11:15, 'consumption' and 'medicine' replaced 'big finance' to become the protagonists of the market, ushering in the attention of the majority of investors.

At 11:20, the Shanghai Composite Index showed a weak upward offensive after retreating to a maximum decline of 1.75%.

At 11:26, the Shanghai Composite Index fell again, and in a few minutes, the decline expanded to 2% again, and the differentiation of various industry sectors and concept sectors in the market became more and more obvious.

I saw that the core industry sectors and concept sector indices related to the main lines such as 'infrastructure', 'state-owned enterprise reform', 'Internet finance', and 'Shanghai Free Trade Zone' fell back to near the lowest point of the session at this meeting, and many related core hot stocks also fell back to the intraday low point under the continuous selling of a large number of funds.

It can be described as a number of stocks in several core main line areas, and panic on the trading market.

Far from weakening, it has expanded and expanded.

The 'big finance' field, which had performed very well before, after the banking sector drove the rise in securities and insurance, showed its decline and lost the momentum of the upward attack, and at this moment it almost fell back to near the flat market, and the selling power of the constituent stocks also occupied the upper hand again.

However, it is the traditional hedging fields such as consumption and medicine that have not performed much before.

At this moment, it replaced 'big finance' and became the number one target of safe-haven funds in the entire market, and also became the area with the largest net inflow of main funds and the strongest trend in the entire market.

At 11:29 a.m., the last minute of the market near midday.

Almost no one paid attention to the two cities, and the main funds of all parties in the field have abandoned the 'military' field for an unknown number of times, and suddenly changed, especially the 'China Airlines series' stocks, as well as the 'military-civilian integration', 'military reform' and other conceptual plates, almost instantly turned into deep water, and were pulled up to the flat and even red stage.

Immediately afterwards, in the field of 'military industry', there was a sudden change.

The market time slid to 11:30, the two markets froze, and the market entered the noon halt moment.

In the face of the trend of the last hour of the market near noon, the panic bearish sentiment of the whole market has converged, and at the same time, everyone's attention to the major high-performance main lines such as 'big finance', 'consumption', 'medicine' and even 'military industry' with frequent changes in the last moment has begun to rise rapidly.

"This plate in the morning, it's too messy, isn't it?"

After the close of trading at noon, when the majority of investors in the market had a heated discussion on the trend of the morning, Su Yu's main Yuhang tour capital group, everyone was also quite excited.

"From banks to liquor, to white electricity, medicine, and finally to the military industry, from the attack path of the main funds, the only hot spots do look chaotic, and it is difficult to say that there is any continuity."

"There is definitely no continuity in the field of 'big finance', and this can be abandoned."

"In the hedging fields such as liquor, white electricity, and medicine, although the main funds of all parties have entered a lot this morning, the market support logic in these fields is the performance, in other words, these stocks all belong to traditional industries, it is difficult to have any stories to tell, and the continuity must be doubtful."

"But in the field of 'military industry' that finally changed at 11:29, it is worth paying attention to!"

"The collective change of the stock of the 'China Airlines Department' in the field of 'military industry', what kind of news has changed, right?"

"The market of the 'military' sector has always been news-driven and emotion-driven, and this sudden rise, I also feel that there has been some change in the news."

"What changes can there be, and what other stories can the 'military industry' have to tell?"

"There are a lot of stories, but I don't know if the majority of retail investors in the market at this time, as well as the main funds of all parties, are willing to listen."

"The non-decisive blockbuster is good, and I am afraid it is difficult to pry the market of the 'military' sector."

"Unless there are any changes in the macro line of 'military reform', this time ...... Hyping up this field is not a small risk. ”

"Inquire about the news, and then check back in the afternoon!"

"Yes, at this time, look more and move less, today's 'infrastructure', 'state-owned enterprise reform', 'Internet finance' on the main line of relay of various main funds, has been set a lot!"

"Hey, don't talk about others, I just cut the position directly, and I lost 5 million, it's amazing!"

"What did you buy, and you lost so much?"

"When the earth and sky board, I connected a little bit of Beixin Road and Bridge, which is special...... Then I ate two drop boards in a row, and I was unlucky. ”

"Well, that's bad luck."

"Looking at today's situation, in the market, the sentiment of all kinds of investors is not high."

"There is no continuous expectation of making money, such a market, the mood of all kinds of funds attacking, it is strange that it can be high, I am thinking about it, do you want to empty a position?"

"Empty the position! To be honest, I really didn't expect the market to collapse so quickly. ”

"I also think this is collapsing too fast, originally according to my expectations, I think the market will be in the range of 2300 to 2400 points, hovering back for a while, at least ...... There should be a sustained rally, but the result is ...... The rally was over in one day. ”

"The two main concepts of 'infrastructure' and 'state-owned enterprise reform' have all collapsed!"

"I feel that it has fallen worse than before the news of the IPO restart, and I don't know at all, is the market going to accelerate to catch up with the bottom?"

"You should be able to quickly retrace 2200 points, right?"

"Hehe, I think 2200 points may not be able to hold up."

"Hey, at this stage, it's better to be cautious, the 'military industry' is a different market, anyway, I don't plan to do it."

"In this market, there is no safe relay target, there may still be a certain premium target, and there are only a few stocks that are good for the resumption of trading at the top of the two cities' gainers, but those stocks are basically unlimited limits, even if they are pending orders, there is a high probability that they will not be able to buy it."

"I didn't say it...... Look at it, the two core main lines of 'infrastructure' and 'state-owned enterprise reform' cannot afford it, and the market on other branch lines cannot be continued at all. ”

"If the reason for the change in the 'military industry' is the good in the direction of 'military reform', then can it be used to leverage the entire main line of 'state-owned enterprise reform'? After all, 90% of military enterprises are controlled by state-owned assets, and 'military reform' is basically equivalent to 'state-owned enterprise reform'. ”

"Logically, it can be understood in this way."

"However, the specific market embodiment still depends on the recognition of the majority of investor groups in the market for the relevant investment logic, as well as the overall sentiment of the market in which direction, only the majority of investor groups generally agree with the speculation logic, and the overall market sentiment is not bad, it is possible to form a resonance, produce a relatively large sustainable market!"

"So...... These two conditions are not ripe! ”

"That's why I said that in the field of 'military industry', it is too difficult to really leverage the market and reverse the trend, and it is not worth participating."

"Lost the traction of the two main lines of 'infrastructure' and 'state-owned enterprise reform', the main capital attack direction of all parties in the field today is simply like a headless fly, with the decay of the market's long sentiment, the decay of future investment confidence, and the amount of funds in the market, which has been continuously weakening, and now the main forces of all parties still want to attack multiple aspects, and the funds will be fully dispersed, so it is like this...... Hell there is a continuous market in the market. ”

"Yes, you can't be careless here, although the index has fallen by almost 10% from 2500 points to now, but there is a high probability that it will be buried deep without brains."

"Follow the trend, in the case of Su Yu's 'Fortune Road' being fully sold, I won't relay at a high level anyway."

"I'm short, and I'll wait for the Shanghai Composite Index to stand firm at 2,200 points, or the market will continue to shrink to the bottom and there will be no way to fall before entering the market."

"There is no continuous market, scattered hot spots, that is, temptation."

"You have to learn to empty positions, how many self-proclaimed masters have died on the bottom?"

"Look at the core indicator stocks of the market, I estimate that when the 'Beixin Road and Bridge' completely falls through, it should be about the same."

"On the whole, this morning's market performance, there are no main areas and targets that are particularly worthy of intervention, wait, we still have to wait patiently!"

In the entire group, the messages are being refreshed rapidly......

A group of market investors, enthusiasm for market participation, is not high, and most of the capital, is still bearish market, even if a small part of the capital, not so strongly bearish market, willing to participate in the market relay at this time is not much.

In general, the market as a whole.

At this moment, whether it is retail investors, floating capital, or institutional groups, everyone's trading cognition is extremely cautious and pessimistic.

At the same moment, Yu Hang, within Yuhang Investment Company, in the fund trading room, Su Yu, who had just returned to the trading room after eating, had already received the news from Lin Antu, director of the company's market intelligence department.

Source change app】

"The road of 'military reform' and 'asset securitization of military enterprises' has finally come." After reading the news that Lin Antu fed back, Su Yu breathed a sigh of relief in his heart, and said with a smile, "It's really timely, at this stage, we are building a large position in this field." ”

"What's the news?" Li Meng asked.

Su Yu replied: "According to internal information, domestic military enterprises will imitate the macro line of 'state-owned enterprise reform' and carry out a wave of reform and adjustment, with the slogan of 'strengthening the army and strengthening the country', but in practice, it is the merger and reorganization of the same business of military enterprises, as well as the securitization of military enterprises." ”

"These are the two concepts you mentioned before!" Li Meng's eyes were bright, and his expression seemed quite excited, "Is the news accurate?" ”

Su Yu responded with a smile: "Director Lin's news, the probability of error is very small. ”

"It's no wonder that at the close of trading at noon, many stocks in the 'military industry' field moved so obviously." Li Meng reacted, "Sure enough, there has been a change in the news." ”