Expert: A shares may hit new highs within the year

On March 27th, the A-shares opened lower and went higher in the morning session. By midday, all four major indexes turned positive, with the Shanghai Composite Index up 0.26%, the Shenzhen Component Index up 0.93%, the ChiNext Index up 0.83%, and the STAR 50 Index up 1.08%. The total turnover in the Shanghai and Shenzhen stock markets reached 1.14 trillion yuan in the first half of the day, with over 3700 stocks on the market rising. Zhang Yidong, a member of the Hai Tong International Executive Committee and Chief Economist, pointed out that the United States has been continuously releasing positive signals in an attempt to calm the situation and reassure the capital market, but the "marginal effect is diminishing" and the real TACO (Trade and Currency Offset) has not yet arrived. If the real TACO does arrive, it will push gold and the capital market to rebound. Zhang Yidong believes that "the price of gold over $4000 per ounce is an opportunity both tactically and strategically", and that as A-shares and Hong Kong stocks are affected by overseas factors, "it does not prevent the long-term trend in China", and he is optimistic that A-shares and Hong Kong stocks will reach new highs in the second half of the year.