Reasons Behind the Strong Fluctuation of A50

On December 10, news reported that yesterday, at the close, the A50 futures rose over 4%, and in the night session, it further increased by nearly 1%. However, after the market opened today, the index experienced a rapid dive, with a decline of 3.5%, nearly wiping out yesterday's significant rebound. What exactly happened behind this strong fluctuation? Analysts believe that, on the one hand, it may be related to the external environment, as during the Asian session today, major global stock index futures plummeted. The market expects that the Federal Reserve may cut interest rates next week, but is leaning towards a more hawkish stance in terms of interest rate outlook; on the other hand, due to the timing being close to Christmas, the willingness of foreign capital to go long may not be strong. Additionally, domestically, it is also the end-of-year settlement phase, so the market may lean towards caution. The extent of the A50's decline is somewhat unexpected, but the market is still worth being optimistic about.

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