Technology stocks lead the fluctuation of A-shares. Institutions say that the time and space for market adjustment are limited.

On June 11th, under the disturbance of external events, the A-share market experienced a correction, with all three major indexes falling, and the ChiNext index dropping more than 1%. Industrial gases, semiconductor materials, and small metals sectors surged, while sectors such as virtual humans, glass substrates, and multimodal models led the decline. Over 4,000 stocks in the entire A-share market fell. The market turnover was 2.57 trillion yuan, lower than the previous trading day. In terms of funds, on June 11th, the net outflow of main funds in the Shanghai and Shenzhen stock markets was nearly 30 billion yuan, with fund sentiment being cautious. The non-ferrous metals sector led the inflow of main funds with a net inflow of more than 8 billion yuan, with stocks like Yunnan Geology and Mineral Resources and Zhangyuan Tungsten Industries receiving large net inflows from main funds. Analysts believe that the recent volatility in the A-share market is significant, but the time and space for market adjustment are limited. With external variables suppressing risk appetite gradually being implemented, A-share interim performance forecasts being disclosed one after another, sectors with clear performance support and industry trends are expected to attract capital layout.