The Shanghai stock index rose above 3,200 points for the first time since September 16

In the early trading on December 5, A shares continued to soar, and the Shanghai Stock Exchange Index broke through 3,200 points, the first time since September 16. As of the close, the Shanghai stock index rose 1.76% to close at 3211 points. The Shenzhen Component Index rose 0.92%, while the ChiNext Index fell 0.26%. On the disk, pharmaceutical business, civil aviation airport, non-bank finance, beer and other sectors led the gains, and more than 3,000 stocks in the two cities were on the rise. The turnover of the Shanghai and Shenzhen stock markets today was 1,055.1 billion, which was 190.6 billion higher than that of the previous trading day. | Related reading (Financial Association)

Wen Jie

A shares have entered the right side unknowingly, but the sentiment of investors is still on the left side. Just like since the first half of last year, the market has gone bearish, but investors are still excited. This is due to the permanence in human nature.

​Permanence tends to make us overly attached. When a bull market comes, we feel that the bull market will continue; when a bear market comes, we think that the bear market will continue, and we doubt that these emotions may never dissipate. The mind of permanence makes us fall into one-sided attachment, unable to see everything and change.

​One-sided persistence blinds our hearts, making it difficult for us to see the truth and make better investment choices.

​Human nature is difficult to change.

Fake getaway

Today, not only A-shares, but also Chinese assets such as RMB have risen significantly. Obviously, market sentiment has been boosted by the relaxation of epidemic prevention measures in major cities. After two years, Morgan Stanley also upgraded China’s stock rating from wait-and-see to overweight for a long time. In the next period of time, how China’s actual recovery performance after the epidemic will also receive global attention.

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