The sharp decline in the valuation of the fund means that the intraday forecast of the fund has fallen sharply. This situation generally occurs in extreme market conditions, although the valuation can only be used as a reference, but in this case, the net value of the fund will generally fall sharply.

Fund valuation: refers to the process of calculating and evaluating the value of fund assets and liabilities at fair prices to determine the net asset value and net fund share value.

Non-monetary funds are valued by market value method, monetary funds are valued by amortized cost method, and shadow pricing method is used to track valuation errors.