Mechanical plate market is concerned

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On Tuesday (April 10th), the majority of European stock markets fell sharply, and all three stock indexes of the US stock market fell. The index of optimism for NFIB's SMEs announced by the United States yesterday was 92.5, which fell for the first time in six months. At the same time, European countries’ Spanish and Italian government bond yields continued to soar, and investors’ sentiment on the European debt crisis has been rising.

Affected by the US stocks slump overnight, the Shanghai Composite Index opened lower yesterday and the index was relaxed due to the rebound in inflation data released on the previous day. The index dropped 2258 points, and the 5th line fell. In the afternoon, the real estate and appliance sectors rebounded sharply, and the market reversed the weakness and turned red. It closed back above the 2300 point and rose 0.88%. The market outlook suggests focusing on steel, machinery and other sectors where the project starts gradually and drives downstream demand rebound. The position should not be too high.

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