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

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