Market Close: The Shanghai Composite Index fell over 1%, losing the 4,000-point mark. The computing power leasing concept collectively weakened.

Ask AI · The concept of computing power leasing collectively weakens—has the direction of technology investment changed?

Daily Economic News AI Express, March 20: The market rose sharply throughout the day before pulling back. The Shanghai Composite Index oscillated and adjusted, failing to hold the 6-month moving average; after the ChiNext Index refreshed its intra-year high during the day, it quickly retreated. There was a clear split between the yellow and white lines; mid- and small-cap stocks broadly fell, and the micro-cap stock index dropped more than 3%. Total trading volume on the Shanghai and Shenzhen markets was 2.29 trillion yuan, up 175.9 billion yuan from the previous trading day. From the sector perspective, the power sector remained active and repeatedly surged. Huadian Liaoning Energy achieved five consecutive limit-ups, ShaoNeng Shares saw three consecutive limit-ups, Huadian Energy gained two consecutive limit-ups, and Yin Xing Energy and Guangxi Energy hit the daily limit. The energy storage concept surged quickly, with ShouHang New Energy hitting the daily limit and continuing to set a new all-time high, and TEE Tech (Chint Power) overturning and hitting a daily limit. The computing power hardware concept moved higher during the day: Yuanjie Technology touched the 20CM daily limit, Xin Yi Sheng rose more than 8% to a new all-time high. On the downside, the chemical sector fell; Jinniu Chemical, Lu Hua Technology, Jin Zhengda, and Hongbaoli hit the daily limit down. The computing power leasing concept collectively weakened: XieChuang Data touched the 20CM daily limit down, while many shares such as HongJing Technology, DaWei Technology, Capital Online, and others saw steep declines. By the close, the Shanghai Composite Index was down 1.24%, the Shenzhen Component Index was down 0.25%, and the ChiNext Index was up 1.3%.

Daily Economic News