A-shares opened with a strong rise across the board on Tuesday, Hong Kong stocks pulled back, and external stocks fell. The market focused on China's policy conference.

On Tuesday, the A-share market opened with much attention. The Shanghai Composite Index rose 10.13%, the Shenzhen Component Index rose 12.67%, the ChiNext Index rose 18.44%, and the Beijing Stock Exchange 50 opened up 26.67%. The turnover of the Shanghai and Shenzhen stock markets exceeded 500 billion yuan, nearly 5,000 stocks rose by more than 9%, and only 5 stocks fell. The stock index futures rose by the daily limit. However, Hong Kong stocks pulled back, the Hang Seng Technology Index fell by 6%, the Hang Seng Index fell by 3.5%, the FTSE China A50 Index futures fell by more than 4%, the MSCI Asia Pacific (excluding Japan) stock index fell by 1.13%, Japan and South Korea also fell, and Wall Street technology stocks were also suppressed by various factors.

China launched a series of stimulus measures before the Golden Week holiday, which led to a sharp rise in the stock market. Economists said that the use of fiscal firepower has the potential to release 4 trillion to 10 trillion yuan of stimulus. The State Council Information Office will hold a press conference at 10 a.m. on the same day, and industry insiders believe that it will affect the trend of A-shares.

Morgan Stanley pointed out that when A-shares rebound, investors should pay attention to risks such as market overheating and the implementation of stimulus policies. Invesco and other companies are skeptical about the recent rebound. Although they expect an increase and more policy news, they recommend investors to participate cautiously. At the same time, many brokerage users reported that the bank-to-securities transfer function was stuck.