The overall valuation of humanoid robots has risen sharply, and may face turbulence in the short term, mainly due to the beta risk brought by the broader market.
Previously, the A-share capital market fully priced in the logic that a package of policy expectations would allow the economy to achieve a better recovery, but data such as the November economy and December PMI confirmed that the market was previously too optimistic. In addition, the continued surge in the bond market and the continued decline in the commodity market also reflect that these two markets hold relatively pessimistic expectations for the economy.
In addition to the fundamentals, the A-share market is currently hong kong telegram data facing a negative factor on the capital side. That is, all the funds that entered the trillion level on October 8 were trapped, and the margin ratio of margin trading has rapidly dropped to 253%, entering the bear market level, but the balance of margin trading is still at the bull market level as high as 1.8 trillion. If the market falls again, it faces the risk of passive deleveraging.
It should be noted that the leveraged funds that entered after October 18 were mainly allocated to CSI 1000, CSI 2000 and micro-cap stocks, with a rough scale of around 300 billion. Once rapid deleveraging occurs, the damage to small and medium-sized stocks will be greater.