A-shares hit by "Black Monday" - Are algorithmic traders being scapegoated again? (includes video)

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Caixin: The Middle East conflict continues to spread into its fourth week. Coupled with a global stock market downturn, the A-share market experienced its most severe correction since 2026 on March 23, with a total market value of 106.23 trillion yuan, evaporating approximately 4.29 trillion yuan compared to the previous trading day.

All major indices hit their lowest levels of the year. The Shanghai Composite Index fell 3.63%, closing at 3,813.28 points; the Shenzhen Component Index dropped 3.76%, closing at 13,345.51 points; the ChiNext Index declined 3.49%, closing at 3,235.22 points. The NASDAQ 50 plummeted 5.48%, closing at 1,244.03 points. Since reaching an intraday high of 4,197.23 points on March 3, the Shanghai Composite has now fallen over 380 points.

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