The easing of the US-Iran conflict boosts market confidence. On April 8, the A-shares surged with increased volume, the Shanghai Composite Index rose over 100 points during the day, approaching 4000 points, and the ChiNext Index rebounded nearly 6%. Nearly 5200 stocks closed in the green, with the technology and non-ferrous sectors leading the gains.
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Interviewees pointed out that today's significant rise in A-shares represents a clear and strong repair market, with a strong willingness for capital entry. However, it is important to be cautious as the conflict, while easing, has not completely ended, and there is still pressure from short-term profit-taking. The phase of repair has sustainability, but it will not be a one-sided continuous surge; the future will be characterized by oscillating upward movements and structural rotations. It is recommended to avoid trading risks associated with heavy positions and excessive stock concentration.
Trading volume increased to 2.45 trillion yuan
Today, A-shares saw both price and volume rise, with the index opening high and moving higher. The Shanghai Composite Index closed up 2.69% at 3995 points, the ChiNext Index surged 5.91% to 3347.61 points, and the Shenzhen Component Index closed up 4.79%. The SSE 50 rose 2.7%, the CSI 300 rose 3.49%, the Northbound 50 rose 4.56%, and the Sci-Tech 50 rose 6.18%.
Recently, market trading volume has continued to shrink, once dropping to around 1.6 trillion yuan, making volume a key indicator for observing market trends. Today, trading sentiment significantly improved, with the transaction volume in the Shanghai, Shenzhen, and Beijing markets increasing by 827.2 billion yuan to 2.45 trillion yuan.
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The market's profit-making effect is significant, with 5174 stocks closing up, and 135 stocks hitting the daily limit up; 301 stocks closed down, with 12 stocks hitting the daily limit down. There were 11 stocks with daily transaction volumes exceeding 10 billion yuan, all of which are technology stocks and most closed up, including the leading stocks in the CPO concept &#34;Yi Zhongtian&#34; (Xinyi Sheng, Zhongji Xuchuang, Tianfu Communication), all of which surged.
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On the market, dividend stocks, oil and gas resources, shale gas, coal chemical, natural gas, banks, and coal fell, while CPO concept, ChatGPT concept, electronic components, electronic equipment manufacturing, precious metals, electronic devices, and consumer electronic devices all surged.
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Among the 31 first-level industries of Shenwan, only the petroleum and petrochemical sector fell by 2.64%, and the coal sector fell by 1.56%; all other sectors closed in the green, but the gains in large consumer sectors such as banking, food and beverage, and home appliances were relatively weak.
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Popular sectors such as technology, non-ferrous metals, and military industry led the gains. The communication, electronics, media, and computer sectors all rose by over 6%, with non-ferrous metals, machinery equipment, national defense and military industry, and automotive sectors showing strong gains, while the non-bank financial sector surged by 4.3%.
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Nine communication stocks hit the daily limit, with Pingzhi Information reaching a &#34;20cm&#34; limit, and stocks like Changxin Bochuang, Aofei Data, Dingtong Technology, and Zhongji Xuchuang all rising by over 10%. Stocks such as Zhongjia Bochuang, Huiyuan Communication, Data Port, Mingpu Optoelectronics, Cambridge Technology, Yongding Co., Ltd., Runjian Co., Ltd., and Tongding Interconnection also hit the daily limit.
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The electronics sector saw a surge in daily limits, with 24 stocks hitting the limit. Xiangnong Xinchang, Xunjiexing, Kaiweite, and Dielian Technology all reached a &#34;20cm&#34; limit, while stocks like Guanjie Technology, Xingfu Electronics, Guoxing Optoelectronics, Jianghai Co., Ltd., and China Electric Port also hit the daily limit.
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Nine media stocks hit the daily limit, with BlueFocus reaching a &#34;20cm&#34; limit, and stocks like Yidian Tianxia, Tianlong Group, Shunwang Technology, Zhidema, Chinese Online, Kunlun Wanwei, and Fushi Holdings also seeing significant gains. Stocks such as Shenguang Group, Huanrui Century, Dianguang Media, Zhejiang Wenhulian, Tiandi Online, and Yue Media also hit the daily limit.
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Nine computer stocks hit the daily limit, with Xingyun Technology reaching a &#34;20cm&#34; limit, and stocks like Dashihua Intelligent, Dwei Technology, Keyuan Wisdom, Chunzong Technology, Hailiang Data, and Zhongankex also hitting the limit. Stocks such as Hongjing Technology, Yinzhijie, Borui Data, Yutong Optical, Dongfang Guoxin, Wangsu Technology, and Youkede-W also saw significant gains.
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Only non-ferrous metal stocks hit the limit up, with Xiaocheng Technology rising nearly 17%. Hunan Silver, Hunan Gold, Bowei Alloys, Sichuan Gold, Huaxi Nonferrous, Dongfang Tantalum, Western Gold, Fuda Alloys, and Xingye Silver Tin all hit the limit up.
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20 mechanical equipment stocks, including Jule Rigging, hit the limit up, among which Xinqi Microelectronics, Kaile Co., and Jiuzhou Yigui &#34;20cm&#34; hit the limit up. Dingyang Technology, Anda Intelligent, Puyuan Precision Electronics, Shenling Environment, Golden Sun, and Dazhu CNC also saw significant increases.
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The easing of the US-Iran conflict ignites the A-shares
How to understand today's performance of A-shares with both volume and price rising?
Bao Xiaohui, chairman and investment director of Changli Asset, believes that today's significant rise in A-shares is a very clear and strong repair market. This can be reviewed with the logic of &#34;profit and loss from the same source&#34;: the market had been adjusting continuously, largely due to the tense situation in the Middle East, the escalation of the US-Iran conflict, the increased risk of navigation in the Strait of Hormuz, and the rapid rise in global risk aversion, which made funds hesitant to enter the market. Today's rise is essentially a rebound and repair after the negative news has landed and risks have been lifted.
Bi Mengdan, a researcher at Geshang Fund, told the International Financial News that from the driving factors, the easing of the US-Iran conflict is the most direct trigger for this significant rebound in A-shares. The cooling of geopolitical risks has rapidly dissipated global risk aversion, commodity prices have retreated, and concerns about overseas liquidity, inflation, and macro disturbances have significantly eased, quickly restoring risk appetite and opening up space for the rebound of A-shares. At the same time, the market had been adjusting continuously, and fund positions were relatively low. Under the catalyst of good news, the &#34;replenishment of existing funds&#34; and &#34;inflow of external funds&#34; resonated, significantly increasing trading volume, indicating a strong willingness for funds to enter the market, rather than a false rise. Coupled with a stable domestic policy environment and reasonably ample market liquidity, both valuation and sentiment are in the repair range, jointly driving the index to rise sharply.
Hu Qicong, a manager at Hang Seng Qianhai Fund, stated that the news of a two-week ceasefire between the US and Iran has driven a collective explosion in the Asia-Pacific stock market. The Shanghai Composite Index is approaching the psychological barrier of 4000 points, and the significant increase in volume shows that funds are actively entering the market, laying the foundation for future breakthroughs. The strong performance of the ChiNext and the STAR Market 50 indicates that the growth style is likely to continue, but attention should be paid to whether the trading volume can be sustained.
Yuan Huaming, general manager of Huahui Chuangfu Investment, analyzed that the easing of geopolitical conflicts will enhance global risk appetite, driving funds to shift from safe-haven assets like gold to risk assets like stocks, and the global stock market, including the A-share market, is expected to welcome a risk repair-type rise. It is worth noting that the easing of conflicts will suppress commodity prices, putting pressure on resource stocks that benefited earlier, while technology stocks that were previously suppressed will be more boosted by market sentiment
The Sustainability of the Rebound is Worth Looking Forward To
Can this round of rebound continue?
&#34;This round of market movement is not a one-day event; the phase of repair has sustainability, but it will not be a one-sided continuous surge. The future will mainly focus on oscillating upward and structural rotation,&#34; Bi Mengni believes. On one hand, external disturbances have eased temporarily, trading volume has been effectively released, and market sentiment and index trends have reversed; on the other hand, there are previous trapped positions and short-term profit-taking around the 4000-point mark, making it inevitable for the index to experience oscillation and consolidation during its upward movement.
&#34;In the short term, A-shares have established a pattern of weak to strong. The Shanghai Composite Index oscillating around 4000 points is a high-probability trend.&#34; Bi Mengni also reminds that four core risks need to be monitored: first, the geopolitical situation is fluctuating; although conflicts have eased, they have not completely ended, and there is still the possibility of temporary disturbances; second, short-term profit-taking may occur, as some funds may seek to cash out after a significant one-day rise; third, there is pressure at the index level, with increasing divergence between bulls and bears around 4000 points, leading to intensified oscillation; fourth, individual stock differentiation during the earnings disclosure period, with theme stocks lacking performance support facing adjustment pressure.
Ma Tao, Chief Strategy Analyst at China Oceanwide Fund, pointed out that the temporary ceasefire agreement reached between the U.S. and Iran is the direct reason for today's significant rise. However, the differences between the two sides remain substantial; a temporary truce does not mean the end of the war, and there is still the possibility of fluctuations in the situation before a final peace agreement is reached, which may increase the volatility of global risk assets.
&#34;Moving forward, market opportunities are clearly greater than risks, and the sustainability of the rebound is worth looking forward to.&#34; According to Bao Xiaohui, the short-term market can be judged based on the two-week ceasefire window, during which external disturbances will significantly weaken, but it is difficult to completely stabilize. Regarding whether the index can recover 4100 points in the short term, it is advised to remain cautious, manage positions well, avoid blindly chasing highs, and not be overly pessimistic, patiently waiting for external uncertainties to truly settle.
&#34;The main variables currently remain external political games and localized conflicts, with negative sentiment gradually being digested. The TACO trading rhythm is gradually being understood by the market, and it is expected that a volume recovery market will emerge subsequently.&#34; Chen Bozhong, a partner at Zhong'an Dingsheng Investment, analyzed to reporters that A-shares are expected to be strong first and then stable, accompanied by increased trading volume, with observing funds gradually absorbing trapped positions, and only after sufficient volume will further strength occur. The industry will show a differentiation and high-low switch, with war-benefiting stocks retreating and funds gradually shifting towards technology sectors with performance support.
Maintain Position Flexibility
How to grasp the rhythm, manage positions, and allocate sectors?
Yuan Huaming expects the market to likely maintain structural differentiation, stating that this is not the start of a bull market. Investors need to be cautious of the risks of chasing high openings and are advised to wait for market differentiation and the establishment of main lines (most likely in the technology growth direction), preferably entering during corrections.
Bi Mengni suggests that it is neither advisable to cut losses and exit nor to chase high positions aggressively. In terms of sector direction, focus on strong main lines such as technology growth in telecommunications, non-ferrous metals, and non-bank financials, while avoiding defensive sectors like oil and coal and high-position theme stocks without performance support.
Chen Bozhong provides specific strategies: focus on technology main lines with good performance in the first quarter and annual reports, and avoid sectors and individual stocks that underperform expectations. Maintain position flexibility to avoid heavy or overly concentrated holdings
&#34;Looking ahead, the A-share market may exhibit structural market characteristics, with a rotation between traditional and emerging sectors, as well as between value and growth, likely to continue,&#34; said Hu Qicong. He noted that recent external risk factors will continue to dominate the market, with the performance window primarily driven by strong performance and thematic rotations, while oversold directions are also worth paying attention to. In the medium to long term, the index still has room for growth, as the current appreciation of the RMB exchange rate and the return of cross-border capital are repairing the cash flow statements of China's real sector. In terms of allocation, although the technology innovation sector may experience some adjustments in the short term due to a decline in risk appetite, its medium to long-term prospects remain broad.
Ma Tao suggested that investors remain cautious in the short term, reduce risk appetite, and position themselves in low-priced growth blue chips, high-dividend stocks, and stable consumer stocks for defense, as these low-priced varieties offer a better short-term risk-reward ratio. Specific areas to focus on include: first, sectors with good cash flow in the dividend sector such as electricity, telecommunications, and highways; second, tourism and leisure, food and beverage, and retail sectors benefiting from expanding domestic demand; third, growth blue chips in high-end manufacturing, domestic substitution, AI, and pharmaceuticals.
Reporter: Zhu Denghua
Text Editor: Chen Si

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The easing of the US-Iran conflict boosted market confidence, with A-shares soaring on April 8th. The Shanghai Composite Index rose over 100 points, approaching 4000 points, while the ChiNext rebounded nearly 6%. Nearly 5200 stocks closed in the green, with the technology and materials sectors leading the gains. Market trading volume increased to 2.45 trillion yuan, with trading sentiment warming up and the profit-making effect being significant. Although there is still pressure from short-term profit-taking, the market is expected to primarily experience a fluctuating upward trend and structural rotation going forward. It is advised to avoid risks associated with heavy positions and excessive stock concentration

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Nearly 5,200 stocks are in the green! The US-Iran ceasefire ignites the A-shares, how long can this rise last?