Asia-Pacific stocks collectively fell sharply! Nearly 20 billion yuan of main capital in A-shares rushed to buy the oil sector, with many stocks hitting the 30% daily limit!

Today (March 3), influenced by the Middle East situation, Asian stock markets generally fell sharply. The Korean Composite Index plummeted over 7%, marking the largest single-day decline in a year and a half; the Nikkei 225 index dropped over 3%; the Thai SET index fell more than 4%; and Hong Kong’s Hang Seng Index, Vietnam’s Ho Chi Minh Index, Indonesia’s Composite Index, and others also declined significantly.

The A-shares also followed a deep adjustment. The Shanghai Composite Index hit a 10-year high in the morning before gradually correcting. The Shenzhen Component Index tested the 14,000-point support. The ChiNext Index dropped more than 5%, and the Beijing 50 Index fell over 4%, hitting a new low for the year. Over 4,800 stocks declined across the market, with trading volume further expanding to 31.6 trillion yuan.

In terms of sectors, oil service engineering, natural gas, shipping ports, and banking rose against the trend, while defense military industry, glass fiber, energy metals, and chips led the declines.

Real-time monitoring data shows that the petroleum and petrochemical industry received net inflows of over 19.6 billion yuan from major funds; transportation gained more than 7.1 billion yuan; banks received over 5.3 billion yuan; utilities over 5.2 billion yuan; agriculture, forestry, animal husbandry, and fishery over 2.5 billion yuan; and coal, food and beverages, retail, and trade also saw net inflows exceeding 100 million yuan. Electronic stocks experienced large net outflows of over 38.2 billion yuan; non-ferrous metals saw outflows of over 20.7 billion yuan; defense military industry and computers also saw outflows exceeding 10 billion yuan.

In individual stocks, Sinopec received net inflows of over 4.2 billion yuan; China National Offshore Oil Corporation (600938) over 3.8 billion yuan; PetroChina over 3.4 billion yuan; GCL System Integration (002506) over 2.9 billion yuan; China Merchants Energy Shipping (601872), Tongding Interconnection (002491), and eight other stocks also received net inflows exceeding 1 billion yuan. Northern Rare Earth (600111) experienced net outflows of over 2 billion yuan; Shenghong Technology (300476), Huasheng Tiancheng (600410), Haiguang Information, and 16 other stocks also saw net outflows exceeding 1 billion yuan.

Market hotspots include continued gains in the oil industry chain, with natural gas concepts being the most active, with sector indices rising for six consecutive days. Stocks like Yangtze Power Science, Tres, Zhonghuan Holdings, and Kaitian Gas hit the daily limit up by 30%. Tianhao Energy (300332), Xinjing Power (300157), Tongyuan Petroleum (300164), and others also hit the daily limit up by 20%. Furuite Equipment (300228), PetroChina, and more than 50 stocks either hit the daily limit or rose over 10%.

On the news front, QatarEnergy’s official website announced that due to attacks on two energy facilities, liquefied natural gas (LNG) and related product production have been halted. The Dutch TTF natural gas futures price, a benchmark for the European market, surged over 57%, closing up 50% at €46.19 per megawatt-hour. This was the largest single-day increase since March 2022.

Goldman Sachs stated that disruptions in oil tanker transportation through the Strait of Hormuz could nearly double European natural gas prices, and the global liquefied natural gas market could face severe supply disruptions.

High-dividend stocks such as banks, insurance, and coal also performed strongly against the trend today. The coal sector index rose nearly 5%, hitting a record high, with Daqo Energy (600403) hitting the daily limit in the afternoon. Yanzhou Energy (600188), China Coal Energy (601898), and others also led gains.

The bank and insurance sector indices rose over 2% at most. Agricultural Bank of China surged 3.86%, the largest increase in half a year; Bank of Communications, Industrial and Commercial Bank of China, China Construction Bank, and Bank of China all rose over 2%.

Looking ahead, Dongguan Securities pointed out that the Middle East situation has disturbed global capital markets, with most Asia-Pacific stocks weakening. In the short term, A-shares may fluctuate due to escalating geopolitical conflicts and risk aversion, but the overall impact will be limited, and the influence of geopolitical conflicts on A-shares will eventually fade. Investors are advised to remain rational, avoid blindly chasing gains or selling in panic, focus on the long term, and moderately control their positions.

Western Securities (002673) believes that external risks have significantly increased, with escalating geopolitical conflicts boosting global risk aversion. Resources sectors like oil, gas, and gold have received temporary attention, while cost-sensitive industries such as airlines and downstream chemicals may face pressure. In the medium term, it is recommended to focus on policy-supported areas such as quantum technology and commercial aerospace.