The cloud computing sector initially fell, with Meili Cloud hitting the limit down and Hande Information plummeting by over 9%

In terms of individual stock performance, there is a clear trend of differentiation and decline within the sector, with prominent leading indicators leading the decline. As of the early trading close, Meili Cloud (000815) was the first to hit the limit down, with a limit down price of 15.96 yuan and a total market value shrinking to 11.813 billion yuan. As of the time of writing, the transaction volume reached 1.136 billion yuan, and the number of limit down orders was 1.6294 million, with a total amount of 27.6346 million yuan. The first limit down occurred at 9:50:12.

Another core target, Hande Information (300170), also performed weakly, with a drop of over 9% in early trading. As of 9:31, the stock price was reported at 24.63 yuan/share, with a transaction volume of 334 million yuan and a turnover rate of 1.38%. The total market value was 25.177 billion yuan, and the subsequent decline slightly narrowed, but it still remained in a significant downward range. It is worth noting that Hande Information had active financial performance the day before (March 12th), with a net inflow of 385 million yuan and a net purchase of 293 million yuan for a large order. The rapid withdrawal of short-term funds may become one of the important triggers for today's sharp decline in stock prices.

Except for the two leading indicators, most stocks within the sector have fallen simultaneously, showing a general downward trend. Huasheng Tiancheng and Aofei Data both experienced significant declines in early trading, with Aofei Data falling more than 7%, dragged down by the weakening concept of computing power leasing along with Meili Cloud; In addition, cloud computing related stocks such as Tuowei Information, Runze Technology, and Inspur Information also experienced varying degrees of decline, driving cloud computing related ETFs to weaken synchronously. Among them, Penghua Cloud Computing ETF opened slightly lower by 0.29%, and its heavily held targets such as iFlytek and Kingsoft Office also performed poorly, further exacerbating the pressure of sector adjustment.

From the overall trend of the sector, the cloud computing sector has shown a fluctuating adjustment trend recently, and has not continued its previous strong performance. Data shows that the Cloud Computing Index (930851) fell for two consecutive days on March 11th and 12th, with a decrease of 1.12% and 0.73% respectively. As of the close on March 12th, the index was at 6955.71 points, with a total market value of 2827.82 billion yuan. Compared to the peak on March 10th, there has been a significant decline. On March 9th, the cloud computing sector also experienced a counter trend outbreak, with nearly 10 stocks including Youke De and Hongbo Stock hitting the daily limit up. In just a few days, the trend of the sector showed a significant reversal, reflecting the uncertainty of the current market sentiment.