On June 20, 2025, the three major A-share indices collectively adjusted. By the close, the Shanghai Composite Index fell by 0.07%, the Shenzhen Component Index fell by 0.47%, the ChiNext Index fell by 0.84%, and the North China 50 Index fell by 1.34%. The total market turnover was 1,091.6 billion yuan, a decrease of 189.2 billion yuan compared to the previous day. On that day, 1,542 stocks rose, 53 stocks hit the daily limit, 3,647 stocks fell, and 19 stocks hit the lower limit.

Due to the previous closure of the US stock market, the A-shares had a small fluctuation and a clear range of oscillation. However, with the US stock market opening normally today, the deadlock may be broken.

From the perspective of support levels, the lower support is around 102,500, and buying can be considered within a floating range of 200 points; the 15-minute level support is around 103,600, which should be noted during the day session. If it cannot hold during the night session, the market will continue to move downward. The short-term pressure above is around 105,500 - 105,800, and a short position can be considered. If the index cannot stabilize in this range, it will still retreat, with an expected fluctuation space of about a thousand points.