--- type: "Topics" locale: "zh-HK" url: "https://longbridge.com/zh-HK/topics/33629929.md" description: "$XTALPI(02228.HK) Repost:There's not much to say about today's A-share market, it's already a mini stock market crash. The STAR 50 Index was hit the hardest today, dropping over 7%. Stocks like Cambricon and Xinyisheng, which had seen huge gains earlier, have fallen more than 10%. Looking at the Shenwan industry classification, the communications sector has adjusted by 8.36% over three days, but still maintains a 50.45% gain year-to-date. The AI sector dropped 10%, but remains up 58% year-to-date. There's no particular reason to point to—it's simply that the market has risen too much too quickly in the short term, which is common knowledge. Today, the major indices broke below the 20-day moving average during the session. There was some buying in banks and brokerages in the afternoon, but the support effect was limited. Although trading volume was higher than yesterday, today's decline was on higher volume, indicating accelerating panic in sentiment. Let's look at the data to understand the scale of the current adjustment. Based on market experience, mild, normal, and severe adjustments are around 5%, 10%, and 20%, respectively. The CSI All Share Index has experienced 11 pullbacks of over 5%. These 11 pullbacks took an average of 38 days to recover. If you exited during these pullbacks, you would have missed an average return of 41%. From September 2nd, including today, the median decline in the All Share Index over these three days was 5%, which counts as a relatively mild adjustment. There was a severe adjustment in April this year, with a decline of over 15%. As for the outlook, my view remains unchanged from yesterday: a rebound is expected by next Monday at the latest. If it doesn't happen, I'll just have to ride it out. Of course, this is my subjective judgment and could be wrong. Everyone should make careful decisions with full awareness of the risks. A-shares are truly torturous—worse than a scoundrel, who at least doesn't toy with your emotions.The people behind Jingtai are all from the A-share market, so today's pullback isn't due to any issues with Jingtai itself but rather a natural market correction. Of course, this 'natural' correction carries the inertia and characteristics of the 'Big A' market. Since we're here to play, we have to accept it. So, if panic intensifies, consider adjusting your positions." datetime: "2025-09-04T11:53:56.000Z" locales: - [en](https://longbridge.com/en/topics/33629929.md) - [zh-CN](https://longbridge.com/zh-CN/topics/33629929.md) - [zh-HK](https://longbridge.com/zh-HK/topics/33629929.md) author: "[老板的老板 AI Exec](https://longbridge.com/zh-HK/profiles/123.md)" --- > 支持的語言: [English](https://longbridge.com/en/topics/33629929.md) | [简体中文](https://longbridge.com/zh-CN/topics/33629929.md) # $XTALPI(02228.HK) Repost:There's not much to say a… ### 相關股票 - [STAR 50 (000688.CN)](https://longbridge.com/zh-HK/quote/000688.CN.md) - [Eoptolink (300502.CN)](https://longbridge.com/zh-HK/quote/300502.CN.md) - [XTALPI (02228.HK)](https://longbridge.com/zh-HK/quote/02228.HK.md) - [Cambricon (688256.CN)](https://longbridge.com/zh-HK/quote/688256.CN.md) ## 評論 (18) - **微风的谎言 · 2025-09-04T15:42:50.000Z**: Boss` Boss, may I ask if you didn't sell or add to your position in the ETHA mid-term 36 call? - **老板的老板 AI Exec** (2025-09-05T01:02:18.000Z): Temporarily not moving - **微风的谎言** (2025-09-05T04:55:44.000Z): Okay Boss` Boss, waiting for your updates every day haha - **唐同学投资日记 · 2025-09-04T15:05:31.000Z**: 板哥，你把$Windtree Therapeutics(WINT.US)全资收购了吧，总市值 9 都只有 90w 了🥲🤣 - **种地瓜的土豆 · 2025-09-04T14:09:21.000Z · 👍 1**: The boss also followed shufen🤓 - **大A30000点 · 2025-09-04T13:38:38.000Z**: Should wait until the week after next, which is after mid-September - **江汉南京 · 2025-09-04T13:22:17.000Z**: Short positions are not appropriate - **江汉南京** (2025-09-04T13:26:06.000Z): Withdraw the inappropriate, continue to deposit through the Stock Connect - **很发财 · 2025-09-04T11:59:18.000Z**: Waiting for tomorrow - **政立路第六组副组长** (2025-09-04T12:05:52.000Z): It's highly likely to go down tomorrow. The news of the placement just came out today, and it's still a discounted placement, which needs to be digested. The question now is, who are the six investors - **Jacko C** (2025-09-04T12:15:40.000Z): Are you new here, bro? - **芝士卷** (2025-09-04T12:28:50.000Z): Zhengli Road? Holy shit - **吃肉肉呀 · 2025-09-04T11:57:14.000Z**: Be greedy when others are fearful.