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The morning sideways consolidation suddenly turned in the afternoon— the Shanghai Composite Index rose all the way up, ultimately surpassing 3940 points. Not only did it break through the previous trading day's high, but it also re-entered the high levels seen on December 8th.
The Shenzhen Component Index, ChiNext Index, and STAR Market 50, which are also rising in tandem, all returned to recent highs in the afternoon. From consolidation to rally, the turnaround was quite rapid, and market sentiment is clearly improving.
So the question is—what exactly ignited this upward trend in the afternoon? Was it policy favorable news or a return of funds? Or perhaps a positive signal from the fundamentals? This market shift is not a coincidence; there must be a driving force behind it.