Experts: Index moves won't hurt A shares

Recent fluctuations in major A-share indexes caused by rising inflation concerns in overseas markets and stock rotations will not impair the upward momentum of the A-share market, experts said.

The benchmark Shanghai Composite Index shed 1.82 percent to close at 3359.29 points on Tuesday while the Shenzhen Component Index slid 2.8 percent to close at 13475.72 points. The technology-focused ChiNext in Shenzhen slumped 3.5 percent.

Among the 3,700-plus A-share companies, nearly 100 companies saw their prices plunge by over 9 percent. On the other hand, A-share listed port and tourism companies reported an average increase of over 1.8 percent.