Micro stocks "Rapid Surge" hit the pause button, with divisions emerging within institutional camps.

Jin10 data June 26 - Since the beginning of this year, with the “mad rush” of micro-cap stocks, the Wind Micro-Cap Stock Index has risen over 30%, leaving mainstream indices far behind. Just as everyone is indulging in this “small yet beautiful” feast, the Wind Micro-Cap Stock Index has experienced four consecutive days of downward movement, and the price-to-earnings ratio of the CSI 2000 Index exceeds 100 times, with signs of capital withdrawal such as dividends emerging, causing concerns as the market suddenly lights up a “warning signal”. Is it a pause or a turning point in the market? There are already disagreements among institutions on this matter. However, in this extreme game of capital, investors should perhaps be clear that when the dance of micro-cap stocks comes to an abrupt halt, the most critical factor is always the risk control button of the manager.