摘要：The previously beleaguered domestic stock markets resumed trading on Wednesday after ending an eight-day holiday of the Lunar New

The previously beleaguered domestic stock markets resumed trading on Wednesday after ending an eight-day holiday of the Lunar New Year. It’s clearly been an extremely gleeful day today once again for the overwhelming majority of the impetuous retail investors who have been bullish on the short-term market trend in view of window guidance and administrative intervention. In the meantime, a small percentage of diehard market bulls appeared to have felt the mirthful atmosphere of bull market in a way because they might have reduced their book losses or made a chunk of money in the first trading session of this week. Indeed, a myriad of paranoid market anticipants haven’t yet carped at Wednesday’s market run, even though the big financial sector was less buoyant and dragged the broader market down. After all, more than 3,400 stocks rose and the all-out mark rebound was a hard-won upshot in the backdrop of market rout. Most importantly, the already embattled domestic stock markets have fended off the repercussion of tariff when the US stocks pummeled on Monday. The Shanghai Composite Index opened more than 19 points higher, went straight down shortly after the opening bell, slipped into negative territory, gradually inched higher in early trading, was down almost 12 points around lunchtime, slowly descended in the last hour of trading, at one point dropped as much as 0.89% by 14:06 p.m. to its lowest level of the day, teetered throughout the day and trimmed its losses to roughly 0.65% at the close. The Shenzhen Component Index advanced 0.80% at its opening, took a nasty for the worse in the first few minutes of trading, pared back its gains, recouped its losses earlier in the day, was up almost 46 points around lunchtime, traded sideways with barely 10 minutes to go until the markets close, wavered for much of the day and at last was a couple of points higher, up 0.08%. The tech-heavy ChiNext Index opened 0.93% higher, came down precipitously in the opening minutes of trading, ate into its gains, clawed back its losses earlier in the session, was up almost 11 points around lunchtime, gradually trudged up in the hour leading up to the close, held its gains for the rest of trading day and ultimately edged down 0.04%. Software development was the biggest winner of the day, up 5.85%. Precious metal was in second place, up 5.63%. Education came in third with a gain of about 5.14%. Sector of aviation and airport was the worst performing sector, down 3.09%. Coming in second place was insurance, down 2.55%. Banking was the third worst performer, down 1.54%. The already embattled domestic stock markets witnessed a net inflow of CN¥171.7 billion, the combined turnover on the Shanghai and Shenzhen bourses was in excess of CN¥1.29 trillion. Actually, a flock of savvy levelheaded perspicacious pusillanimous risk control pundits have been ruminating on whether today was a golden selling opportunity. Notoriously, a wait-and-see approach will be appropriate for an army of callow gullible stock neophytes in the intricate and complex market environment. It should be noted that all three major stock indexes opened sharply higher and slightly lower, underscoring the market sentiment remained unstable.

来源：齐达利教育