the first reason is that the technology growth stock sector is still not strong. Due to a very special system, most of the relatively traditional domestic enterprises choose to list on Hong Kong stocks or A shares, while most of the domestic companies that often choose to list on Nasdaq are technology growth stocks, so yesterday's plunge is very easy to explain. Although the three major indexes are all rising, the technology growth stocks have fallen again, and most of the Chinese stocks are technology growth stocks, so it is not surprising that they have fallen sharply.

the second reason is the domestic anti-monopoly law. Recently, the new anti-monopoly law has actually targeted several domestic internet technology giants to varying degrees. This makes some overseas investors and some overseas institutions have a kind of uncertainty. In fact, the biggest technology giants such as Tencent and Alibaba are mainly affected by this policy, and the current policy has also increased the uncertainty of the future performance of these technology giants. This uncertainty will also affect their share price, which will indirectly affect all other Chinese stocks.

The third main reason for the recent bearish stock market is the uncertainty of Sino-US relations.

China Stock Exchange closed down collectively on Thursday, with Yixian E-commerce plummeting by over 39%, Shell dropping by nearly 24%, iQiyi dropping by nearly 22%, Century Internet dropping by over 18%, Pinduoduo dropping by over 17%, Good Future dropping by over 16%, JD.COM dropping by nearly 16%, Billie Billie dropping by over 14%, Gaotu, Ctrip and Dada dropping by over 12%, and Huanju Group. Vipshop will fall by nearly 1%, New Oriental, Phoenix New Media, 36Kr, Youxin and Manbang will fall by over 9%, Jinshan Yun and BOSS will fall by over 8%, Netease and Zhihu will fall by over 7%, Tencent ADR and Yunmi Technology will fall by nearly 7%, Baidu, Fun Headline, Wuxin Technology and Thunder will fall by over 6%, car home will fall by nearly 6%, and Huya and famous products will fall by nearly 6%.

Among the new energy auto stocks, Weilai Auto fell nearly 12%, Xpeng Motors fell over 9% and LI fell nearly 6%.

this article was edited on March 11th, 222.