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1. With the intensification of trade protectionism in the United States and the continuous "unreasonable" suppression of semiconductor enterprises in China, the global semiconductor industry chain has been hit a lot, and the problem that the terminal demand is less than expected is particularly prominent, which has dragged down the development and progress of the entire semiconductor industry. Especially in the case that the international semiconductor giants have adjusted at a high level and the domestic substitution process is slow, it is reasonable for the A-share semiconductor sector to fall.1. With the intensification of trade protectionism in the United States and the continuous "unreasonable" suppression of semiconductor enterprises in China, the global semiconductor industry chain has been hit a lot, and the problem that the terminal demand is less than expected is particularly prominent, which has dragged down the development and progress of the entire semiconductor industry. Especially in the case that the international semiconductor giants have adjusted at a high level and the domestic substitution process is slow, it is reasonable for the A-share semiconductor sector to fall.

3. The pharmaceutical sector opened lower and stepped back on the 20-day moving average, stopping the three consecutive days of the daily line, indicating that it is really difficult to have rising sustainability without improving the fundamentals. Next, like other sectors, we need to release the expectation of mergers and acquisitions in order to gradually strengthen.3. The pharmaceutical sector opened lower and stepped back on the 20-day moving average, stopping the three consecutive days of the daily line, indicating that it is really difficult to have rising sustainability without improving the fundamentals. Next, like other sectors, we need to release the expectation of mergers and acquisitions in order to gradually strengthen.