000688

📌 At the midday close, three major A-share indices are all slightly red in decline; the Korea stock market jumps more than 7%, triggering a circuit breaker

🍖 Chopper says:
When this news comes out, people’s first reaction is definitely, “It’s down again—since Korea is moving so strongly, will A-shares follow?” Today, the STAR Market 50 (000688.SH) fell by nearly 4%. The pullback is broad across computing-power hardware; stocks that were bid up earlier, such as InnoLight Creative (300308), face relatively more pressure. Market sentiment is clearly cautious, with capital running toward defensive sectors like innovative drugs.

However, Korea’s surge is because they issued their own emergency measures to stabilize the stock market, which doesn’t line up with A-share logic—don’t expect it to be copied directly. Comparing InnoLight Creative with Industrial富联 (601138): both are in the computing-power chain, but Industrial富联’s recent performance has been more resilient, suggesting that investors are looking for higher value targets within the sector. The risk warning is that the computing-power sector is undergoing high-level consolidation; don’t chase rallies—wait for a pullback and reassess based on whether earnings get delivered.

#000688 #300308 #601138 #A股

📌 STAR Market, “V-shaped reversal”! Many stocks with soaring earnings surged

🍖 Qiao Ba said:
This is the closest to us—talking about how the STAR Market (000688.SH) has shown a V-shaped reversal. Inside it, many companies’ stock prices rose on the back of a big earnings jump. I looked through it—stocks like AMEC Microsystems (688012), semiconductor equipment names, have recently had solid earnings outlooks, and their share price has been hovering around the 150–160 yuan range. Compared with the low point a few months ago, it has rebounded by nearly 30%.

The reasons for being optimistic are that the earnings are truly strong, and on top of that, the policy for domestic chip substitution has been ongoing for a long time—so capital is also willing to chase. But if overall market trading activity doesn’t pick up, this kind of rebound may turn into only a temporary peak. Looking at peers in the same sector, e.g., Montage Technology (688008). It focuses on memory interface chips, and its earnings growth is also fierce, but its valuation is already close to 80x—higher than AMEC Microsystems. If you chase after a run-up, be careful.

Risk warning: The STAR Market is highly volatile. A day’s gain or loss of 5% is normal. Don’t rush in just because you see a V-shaped reversal—waiting for a pullback and testing with a small position is safer.

#000688 #688012 #688008 #A股

📌 A-Shares: Will there be a huge jump—or even a limit-up—at the open on Monday? Before Monday, 7/13’s open, listen to what I have to say!

🍖 Chopper says:
I’ve seen headlines calling for “a surge next week” ahead of the weekend dozens of times from 2018 to now. Back then, every time there was a similar situation—for example, the surge in July 2020—the weekend buzz would be intense, but on Monday it was usually a routine pattern: a gap-up followed by a fade.

Take the ChiNext Index (399006) as an example. It’s currently fluctuating around the 1,650 level, and over the past week it’s only risen by less than 2%. If history repeats itself, after news like this, funds often use the opportunity to distribute holdings instead—especially when there isn’t real, substantive positive catalyst.

Compared with that, the STAR Market 50 (000688) has been more stable recently, and there’s a clearer preference from funds toward it.

That said, it’s also worth noting that foreign capital is indeed making a comeback this time. Morgan Stanley has also raised its allocation, which is a positive signal. The risk is that if Monday gaps up too much, chasing in could easily leave you trapped. It’s suggested to observe first for half an hour by looking at trading volume.

#399006 #000688 #A股

📌 A-shares: Emergency reminder for 250 million investors! From the day after tomorrow, July 13, could A-shares likely be entering a C-wave correction?

🍖 Chopper says:
Just looking at the headline, it’s clearly a typical emotion-amplifier designed to scare people. If we really want to talk about market sentiment, many people are actually quite conflicted right now—they’re afraid of missing out, yet also afraid of a pullback.

Take the SSE Composite Index (000001.SH) for example. It’s currently hovering around 2,950–3,000 points—neither up nor down. If a C-wave correction really comes, then the most likely path would be to test around 2,850. But I think it’s not very meaningful to call wave patterns based on the technical chart alone; the key is trading volume. Recently, the daily trading value has shrunk to below 700 billion (7000亿元) yuan, which suggests most people are waiting on the sidelines.

Compare this with the STAR 50 (000688.SH). With this AI-led upswing, the rebound strength has actually been stronger than that of the main board. If a true C-wave comes, high-level AI concept stocks (such as 中际旭创 300308) may face heavier pullback pressure, while undervalued bank stocks might hold up better instead.

Risk warning: Don’t rush to clear your position or add shares just because of one news item. In a low-volume market, chasing or selling in panic is the easiest way to end up losing on both ends.

#000001 #000688 #300308 #A股

📌 1.2 million retail investors wiped out by margin calls! The heart-wrenching lesson from Korean retail investors—A-share investors should also take a look

🍖 Chopper says:
The first reaction to this news is to quickly check whether your own positions carry similar risks. Korea’s latest wave in which 1.2 million retail investors got liquidated shows that leveraged capital can be extremely destructive in highly volatile markets. Recently, China’s A-share market has also been actively trading a number of low-priced stocks and theme stocks, but whatever you do, don’t learn from Korean retail investors by taking on too much leverage.

Specifically for A-shares, I’m more focused on index-related ETFs such as $SSE Composite Index(000001.SH) and $STAR 50(000688.SH). When leveraged capital is liquidated, it often spreads from individual stocks to more liquid, high-quality targets first. If I were to take action, I’d actually look at something like $China Merchants Bank(600036), a bank stock. That’s because its valuation is low and its dividends are steady—when the market falls, it tends to hold up better. The logic is completely different from the “junk” stocks being hyped up in Korea.

Risk warning: Although this Korea news is scary, A-shares still have trading limits (price up/down limits) and market regulation. Don’t just copy panic and liquidate immediately. By comparison, many of the stocks Korean retail investors were wiped out in involve virtual cryptocurrencies and leveraged ETFs. Meanwhile, China’s A-share market is cracking down hard on illegal leverage. Even though names like $CATL(300750) (a new-energy leader) can be volatile, their fundamentals are far more solid than the stocks that were liquidated on the Korean side.

#000001 #000688 #600036 #300750 #A股