---
title: "The Shanghai Composite Index fell below 3,800 points, and the Shenzhen Component Index dropped over 4%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280110492.md"
description: "On March 23, the A-share market continued to decline, with the Shanghai Composite Index falling below 3,800 points, hitting a low of 3,799.41 points, down nearly 4%; the Shenzhen Component Index once dropped over 4%. Zhongyuan Securities pointed out that overseas factors are the main suppressing factors in the current market, with concerns about \"stagflation\" triggered by the escalation of the Middle East situation and soaring oil prices suppressing risk appetite, leading to a delay in expectations for interest rate cuts by the Federal Reserve, which affects globally overvalued technology stocks. It is recommended to pay attention to macroeconomic data, changes in overseas liquidity, and policy trends"
datetime: "2026-03-23T06:32:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280110492.md)
  - [en](https://longbridge.com/en/news/280110492.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280110492.md)
---

# The Shanghai Composite Index fell below 3,800 points, and the Shenzhen Component Index dropped over 4%

On the afternoon of March 23, the A-share market continued to decline, with the Shanghai Composite Index breaking through the 3,800-point mark, falling nearly 4%, and hitting a low of 3,799.41 points; the Shenzhen Component Index also briefly dropped over 4%.

Zhongyuan Securities believes that the core suppressing factor for the current A-share market comes from overseas. The escalation of the situation in the Middle East has triggered turmoil in global capital markets, and the surge in oil prices has raised concerns about "stagflation," which has suppressed risk appetite. This has delayed expectations for interest rate cuts by the Federal Reserve, exacerbated fluctuations in U.S. Treasury yields, and created valuation pressure on global equity assets, especially high-valuation technology growth stocks. Considering that the domestic macroeconomic policy tone has become clearer, it provides solid bottom-line support for the market. It is recommended to closely monitor macroeconomic data, changes in overseas liquidity, and policy trends

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