--- title: "Technical Market Analysis: Chinese assets become a safe haven amid Middle East conflicts, A-shares and Hong Kong stocks collectively show independent trends, the Shanghai Composite Index is expected to see a small technical low on Tuesday" type: "News" locale: "en" url: "https://longbridge.com/en/news/279265578.md" description: "Against the backdrop of escalating conflicts between the U.S. and Iran, the A-share market has shown resilience, with the SSE Index slightly down 0.26% on March 16, while the Shenzhen Index and ChiNext rose by 0.19% and 1.41%, respectively. The Hong Kong market was also strong, with the Hang Seng Index up 1.45%. Market analyst Xu Xiaoming pointed out that the current market has experienced multiple rebounds from the bottom, demonstrating strong performance, although risks have not been fully released, and attention should be paid to subsequent market signals" datetime: "2026-03-16T12:24:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279265578.md) - [en](https://longbridge.com/en/news/279265578.md) - [zh-HK](https://longbridge.com/zh-HK/news/279265578.md) --- # Technical Market Analysis: Chinese assets become a safe haven amid Middle East conflicts, A-shares and Hong Kong stocks collectively show independent trends, the Shanghai Composite Index is expected to see a small technical low on Tuesday On March 16, against the backdrop of escalating US-Iran conflicts and pressure on global markets, A-shares rebounded from a low, forming a long lower shadow. According to exchange data, the SSE Index fell 0.26% to 4084.79 points, the Shenzhen Index rose 0.19%, the ChiNext Index rose 1.41%, the CSI 300 rose 0.05%, and the STAR 50 rose 0.83%. Additionally, the Hong Kong market also performed strongly, with the Hang Seng Index soaring 1.45% and the Hang Seng Tech Index rising 2.69%, making Chinese assets a safe haven. In the Shanghai and Shenzhen markets, 2747 stocks rose, 2301 stocks fell, and 143 stocks remained unchanged, with a total trading volume of 2.33 trillion yuan, a decrease of about 74.987 billion yuan compared to the previous trading day, and a net outflow of 43.085 billion yuan from the main funds. Sectors such as storage chips, composite materials, aquaculture, Alibaba chips, nano-silver, and deep-sea technology saw significant gains, with multiple sectors experiencing individual stock limit-ups; meanwhile, sectors like rebar, computing electricity synergy, zinc, precious metals, antimony, and steel supply reform saw significant declines, leading the losses. Looking ahead, veteran analyst Xu Xiaoming pointed out that on March 16, the market rebounded from a low, forming a small doji with a long lower shadow. There have been three instances of rebound from lows this month, on March 4, March 9, and that day, showing overall resilience, as each decline was followed by a recovery. Xu Xiaoming analyzed that the daily top structure has formed for 9 trading days, currently in an adjustment cycle but remaining flat without falling, indicating strong performance. The corresponding cycle number for the daily top structure is 24, and the time is now approaching halfway. While it was previously difficult to predict the trend, the performance during this period is sufficient to reflect market strength. Currently, some market risks have been released, but not completely. There is a small-level bottoming dullness in the 60-minute timeframe; if a structure forms the next day, a small low can be determined. If the dullness disappears, further waiting is required. Xu Xiaoming mentioned that there was previously bottoming dullness in the 90-minute timeframe, but by the end of the day, the dullness had disappeared. The 60-minute cycle level is not significant, and the index's coordination is average, only allowing for the determination of a small low, without being able to determine a major low. 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