April 17 A-share market recap—8 consecutive green days, don't leave yet, folks?

Amid complex domestic and external conditions today, the A-share market saw $SSE Index(000001.SH) log its 8th straight gain. All three major indices opened lower but staged a rebound before fluctuating downward near the close, with minimal overall movement. Trading volume remained the key focus—total turnover in Shanghai and Shenzhen plunged by 112.4 billion yuan to 999.5 billion yuan from yesterday's 1,111.9 billion yuan, marking the third time this year below the trillion-yuan threshold.

Early session saw broad-based gains with over 80% stocks rising, which was encouraging. However, the afternoon pullback noticeably increased decliners to at least 20%, signaling a clear shift from recent market-support tactics. Does this indicate a phased withdrawal of stabilization efforts? Interestingly, participants now anticipate a correction—whether this foreshadows stabilized sentiment during potential declines or a gradual liquidity crisis resolution remains to be seen in coming days.

Property sector outperformed today. National Bureau of Statistics data released April 16 showed significantly improved housing market activity in March. Stocks like Rongfeng Holdings and Tianbao Infrastructure surged by the daily limit, leading gains in real estate development, services, and equal-ownership rental concepts.

Semiconductors also rallied strongly. ChipMOS soared over 12% while SiEn (Qingdao) Integrated Circuit jumped 10%+. As global tech competition intensifies, this core industry's localization accelerates. Tech stocks—retail investors' favorite—remain crucial for market sentiment.

Overall, indices moved sluggishly today with potential turning points nearing. So, should folks stay or go? Our take: step aside but keep a toe in to gauge market temperature. $Hang Seng Index(00HSI.HK)