Stock investments will unfold in a more stable economic environment, where broad and rapid increases will be less common.

In the context of insufficient effective demand, many economic entities tend to be more cautious. However, extrapolating the overall economic outlook solely based on micro-level sentiments may not always be accurate.

The market was generally weak in June, with broad-based indices all falling, some with significant declines. Only the electronics industry index rose due to the capital influx of Apple’s supply chains. And some industries dropped by more than 10%.

Overall, the bubble in large-cap blue-chip stocks, which had a significant market capitalization, has been relatively well released. The risk associated with small and mid-cap stocks is starting to be released. If there is further clarity in economic recovery and combined with reforms in the securities market, the future market outlook may improve compared to the current cautious expectations in the market.