A huge risk has been strongly released in the US stock market in the past two days.

Affected by the national rectification of the education and training industry, New Oriental, Gaotu, TAL, etc. listed on the US stock market frequently fell by 60% on Friday night, and big funds fled desperately.

Amid the panic, almost all Chinese concept stocks fell sharply.

Under the conduction effect, A-shares have undergone deep adjustments!

This sentiment was quickly transmitted to A shares on July 26, which was Monday.

The Shanghai Composite Index fell by more than 125 points at most during the day, and closed down by 83 points, or 2.34%.

The Shenzhen Component Index and the ChiNext Index fell 2.65% and 2.84% respectively.

The main sectors that fell in the stock market that day were liquor, medical beauty, medical care, education and other industries.

Needless to say about the education industry, the leader Zhonggong Education has no controversial bottom line.

In the first half of the year, the "Three Giants of Medical Aesthetics", Amic, Bloomage Biotech, and Haohai Biotech, which are famous for their fame, plummeted by about 15%, 18%, and 10% respectively!

In terms of liquor, Kweichow Moutai fell by 5% and Wuliangye fell by 8%. In terms of medical care, Tongce Medical fell by the limit and Aier Ophthalmology fell by more than 10%.

The sharp decline in funds' heavy holdings such as liquor and medical means that large funds in the A-share market are fleeing.

On that day, most sectors fell, with only semiconductors, lithium batteries and other industries performing well.

Generally speaking, after a sharp drop in A-shares on the previous trading day, the downward momentum will often be exhausted the next day, and there will be a small rebound or small drop.

But on July 27, the stock market plummeted again after 2 o'clock in the afternoon. As of the close, the Shanghai Composite Index fell by 2.49%, the Shenzhen Component Index fell by 3.67%, and the GEM Index fell by 4.11%.

In just two days, A-share market value evaporated by 4 trillion yuan!

In terms of sectors, the ones with the sharpest declines were salt lake lithium extraction, photovoltaic building integration, solid-state batteries and other concepts, which are the two high-prosperity industries of lithium batteries and photovoltaics.

In the past two months, semiconductors, lithium batteries, and photovoltaics have been the three major track industries. They have been highly sought after by funds and have experienced impressive growth rates.

With the collapse of photovoltaics and lithium batteries, semiconductors will not be able to survive alone.

In the afternoon of the 27th, semiconductor prices, which had continued to surge sharply, also fell sharply and barely closed in the red.

If you look at the daily chart, this is an inverted hammer line that releases a huge amount from a high level, which is a strong peaking signal.

So the stock market in the past two days basically followed this trajectory: on the 26th, except for photovoltaics, lithium batteries, and semiconductors, almost all sectors were falling. On the 27th, photovoltaics, lithium batteries, and semiconductors also joined the decline camp, and all hot sectors of A-shares

All died in battle.

Hong Kong stocks fell more than A-shares. In fact, before 2 pm on the 27th, A-shares were relatively stable. The rapid decline in late trading was largely driven by the collapse of Hong Kong stocks.

The Hong Kong stock market on the 27th can be described as "the collapse of large technology companies."

The Hang Seng Technology Index was the hardest hit, falling 7.97%.

In terms of individual stocks, Meituan fell by more than 17%, NetEase fell by more than 13%, Bilibili fell by more than 11%, Tencent Holdings fell by more than 8%, and Alibaba fell by more than 6%.

Among them, Meituan suffered the worst decline because of a piece of news.

On July 26, seven departments including the State Administration for Market Regulation jointly issued a document to protect food delivery workers, including ensuring labor income, ensuring labor safety, maintaining food safety, improving social security, optimizing the working environment, strengthening organizational construction, and conflict resolution mechanisms

These seven aspects put forward requirements for online catering platforms.

The document mentions that platforms are not allowed to use the strictest laws as delivery driver assessment requirements, and urge platforms and third-party cooperation units to participate in social insurance for food delivery workers who have established labor relations.

Meituan relies on algorithms to make money, and the provisions of the document will undoubtedly affect Meituan's profits. Increasing social insurance expenses for food delivery workers will cause a huge impact on the business model of the food delivery platform, so Meituan's stock price has plummeted.

Not surprising.