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Over the past weekend, the Chinese government successively announced multiple stimulus measures in an attempt to revive the sluggish stock market. These measures included a halving of the securities transaction stamp tax, stricter control over initial public offerings (IPOs), restrictions on major shareholders' stock reduction, and limitations on the use of raised funds by listed companies. The aim was to stimulate the market. At the opening bell, the stock market experienced a strong surge; however, this momentum lasted only around 10 minutes before a sustained decline began. By the time the market closed, the three major A-share indexes had only risen by approximately 1%. Despite the simultaneous launch of the four positive policies, they could still not boost the stock market. What is the underlying cause behind this?

#A-shares #StockMarketPlunge #BearishCandlestick #StampTax #InvestorConfidence #Pessimism #WangZhiAn

| A Shares | Stock Market Plunge | Big Down Day | Stamp Tax | IPO | Investment Confidence | Pessimism |