China's stock market closed on Tuesday morning, with two major bearish factors suddenly hitting, causing the A-shares to fluctuate slightly and fall by 17 points with a transaction volume of trillion in half a day. Where is it going now? What exactly happened? Please listen carefully and patiently, and I will explain it to you in three minutes.

Firstly: The A-shares slightly opened lower on Tuesday morning, probing 3237, then surged to 3285 in the intraday, with a transaction volume of trillion and a slight fluctuation and fall of 17 points in the morning. More than 2800 stocks rose, while 2200 fell, including 60 stocks hitting the daily limit up. Today, the overall market index fluctuated slightly, but individual stocks still saw more gains than losses.

Secondly: So, what caused today's A-shares to open slightly lower, with a trillion transaction volume and a slight fluctuation and fall of 17 points? There were two major sudden bearish factors this morning, which kept the A-shares in a relatively low-volume fluctuation and slight fall.

The first sudden bearish factor: This morning, the offshore RMB suddenly plummeted by more than 220 points, breaking through the 7.1175 threshold. The US dollar index has been rebounding and rising recently. The sudden drop of more than 200 points in the offshore RMB this morning is one of the reasons for the A-shares to open lower and fluctuate at the beginning of the day.

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The second sudden bearish factor: Last night, the China concept stock index surged and then fell back by more than 2.87%, so today's Hong Kong stock market still showed a low opening and low walking, falling by more than 1.5%. The Hang Seng Index fell by 1.53% in the morning, and the Hang Seng Technology Index fell by 1.42%. It was the sudden dive and killing of the China concept stock index last night that affected the A-shares to open slightly lower and fluctuate slightly.

Thirdly: Today's A-share market presents several key characteristics. The recent A-shares are a local active rising market, not a comprehensive blooming rising market.

The first key characteristic: Today, the cross-border payment sector set a new high of nearly 4% in the rebound, with ten stocks hitting the daily limit up, and some of yesterday's high and then falling back, today hit the daily limit up again. The cross-border payment sector has been active and rising since last week, and today it set a new high in the rebound again, and the market is expected to rise further in the future, and it should be cautious to chase the rise.

The second key characteristic: After the market index fell from 3674 to 3187 in these six trading days, the software service sector set a new high in the rebound again, and the diversified financial sector set a new high in the rebound again. These two sectors were the strongest two sectors before, and they have been setting historical highs in recent days, and today they have basically started to show a crazy trend, and the short line may be the end of the strong bow.

The third key characteristic: In these six trading days, some sectors have not set a new high in the rebound and have maintained a fluctuating market, among which the most important is the securities sector. The securities sector is the flag bearer of the bull market, and it cannot always pull the securities sector. If it always pulls the securities sector, it would be a mad bull, and the securities sector maintains a fluctuating market.Among these six trades, the semiconductor, real estate, and China-head stocks have experienced a rebound ranging from three to four days. Within these six trades, I have been closely monitoring real estate, China-head, and some semiconductors, and basically, they all have seen further gains.

Fourthly, the question arises, how will the A-shares market proceed from here?

Firstly, today, the CSI 1000 rose by 0.68%, the STAR 50 increased by 0.37%, and the micro-cap index climbed by 0.8%, indicating that some small and medium-sized themes and semiconductor chips have been in an upward trend.

Secondly, this morning, the Shanghai-Shenzhen 300 fell by 0.53%, the SSE 50 dropped by 0.4%, the ChiNext index decreased by 0.17%, and the Shanghai Composite Index slightly declined by 0.51%. Today, there has been a minor adjustment in some heavyweight stocks, hence the overall market index is maintaining a small fluctuation with a slight downward trend.

Lastly, today's A-shares market is pretty much in line with expectations. It was anticipated that the A-shares would experience a minor fluctuation and rebound between the support level of 3241 and the resistance level of 3320. The lowest point reached was 3237, which is essentially the same as the support level. Once again, 3300 points will form resistance today, meaning that today's market will be a narrow fluctuation with a doji star between 3237 and 3300. Overall, it is still a healthy and positive fluctuation trend, with no worries for the overall market. The focus now is on capturing the rotation of sectors and active market movements.