TSLA
Tesla
-- 440.130 NVDA
NVIDIA
-- 128.910 MU
Micron Technology
-- 103.900 QUBT
Quantum Computing
-- 25.680 AMD
Advanced Micro Devices
-- 121.410 Hong Kong stocks review: Hang Seng Tech Index fell 0.22%, Hang Seng Index lost 0.02 million points, gold, aviation, and tourism all fell sharply.
The net inflow of southbound funds was HKD 1.746 billion for the day, with the total market turnover falling short of HKD 100 billion.
Today, the Hong Kong stock market showed a V-shaped trend in the afternoon. $Hang Seng TECH Index (800700.HK)$ It fell by 1.7% at one point and rose near breakeven in late trading. Finally, it fell by 0.22%. $Hang Seng Index (800000.HK)$ , $Hang Seng China Enterprises Index (800100.HK)$ The Hang Seng Index fell 115 points and lost the 0.02 million points mark, with a decline of 0.58% and 0.46% respectively. The net inflow of southbound funds was HKD 1.746 billion for the day, with the total market turnover falling short of HKD 100 billion.
Today, the Hong Kong stock market showed a V-shaped trend in the afternoon. $Hang Seng TECH Index (800700.HK)$ It fell by 1.7% at one point and rose near breakeven in late trading. Finally, it fell by 0.22%. $Hang Seng Index (800000.HK)$ , $Hang Seng China Enterprises Index (800100.HK)$ The Hang Seng Index fell 115 points and lost the 0.02 million points mark, with a decline of 0.58% and 0.46% respectively. The net inflow of southbound funds was HKD 1.746 billion for the day, with the total market turnover falling short of HKD 100 billion.
On the market, most of the large tech stocks fell. $TENCENT (00700.HK)$ , $BABA-W (09988.HK)$ , $XIAOMI-W (01810.HK)$ All fell by over 1%, $KUAISHOU-W (01024.HK)$ Rising by 3%, $NTES-S (09999.HK)$ Rising by 1.2%; Since April, the international gold price has fallen below $1980 for the first time. Gold stocks have retreated across the board, with no clear recovery in the real estate sector. Mainland real estate and property management stocks have declined together, while home appliance and steel stocks and other industry chain stocks have fallen together. Biden seeks to restrict US investment in China, and semiconductor stocks have performed poorly all day. On the other hand, with the arrival of new variants of the coronavirus, post-pandemic stocks have performed well. $CLOVER BIO-B (02197.HK)$ Leading the way with an increase of over 11%, auto and electrical utility stocks have strengthened, $BYD COMPANY (01211.HK)$ Rising by 3.6%.
Specifically,
Gold stocks all fell together, $CHINAGOLDINTL (02099.HK)$ Fell by over 4%, $ZHAOJIN MINING (01818.HK)$ , $ZIJIN MINING (02899.HK)$ , $SD GOLD (01787.HK)$ Fell over 2%.
Specifically,
Gold stocks all fell together, $CHINAGOLDINTL (02099.HK)$ Fell by over 4%, $ZHAOJIN MINING (01818.HK)$ , $ZIJIN MINING (02899.HK)$ , $SD GOLD (01787.HK)$ Fell over 2%.
On the news side, on April 18, Zijin Mining Group was reduced by GIC Private Limited in the on-exchange market at an average price of HKD 14.336 per share, reducing its holdings by 4.662 million shares, with a total amount involved of approximately HKD 66.834 million. After the reduction, its shareholding ratio decreased from 7.07% to 6.99%. Sinolink research report pointed out that although the market currently expects a 25 basis point rate hike in May, since the reduction in the rate hike by the Federal Reserve in November 2022, the price of gold and gold stocks has entered a right-side trading opportunity, and whether there is a rate hike in May does not affect this judgment. From a historical perspective, once the Federal Reserve actually reduces interest rates for the first or second time, the difficulty of obtaining relative returns for gold stocks will increase.
Aviation and tourism stocks plummeted. $TONGCHENGTRAVEL (00780.HK)$ It fell more than 3%. $CTG DUTY-FREE (01880.HK)$ , $CHINA SOUTH AIR (01055.HK)$ , $CHINA EAST AIR (00670.HK)$ , $AIR CHINA (00753.HK)$ It fell more than 2%. $CATHAY PAC AIR (00293.HK)$ , $MEILAN AIRPORT (00357.HK)$ Fell more than 1%.
Aviation and tourism stocks plummeted. $TONGCHENGTRAVEL (00780.HK)$ It fell more than 3%. $CTG DUTY-FREE (01880.HK)$ , $CHINA SOUTH AIR (01055.HK)$ , $CHINA EAST AIR (00670.HK)$ , $AIR CHINA (00753.HK)$ It fell more than 2%. $CATHAY PAC AIR (00293.HK)$ , $MEILAN AIRPORT (00357.HK)$ Fell more than 1%.
With the approach of May Day and the resurgence of concerns about the epidemic, previously surged travel and hotel stocks have seen a correction.
Home appliance stocks are weakening. $HAIER SMARTHOME (06690.HK)$ It fell more than 3%. $JS GLOBAL LIFE (01691.HK)$ , $SKYWORTH GROUP (00751.HK)$ The market fell together.
Home appliance stocks are weakening. $HAIER SMARTHOME (06690.HK)$ It fell more than 3%. $JS GLOBAL LIFE (01691.HK)$ , $SKYWORTH GROUP (00751.HK)$ The market fell together.
Sporting goods stocks are declining. $LI NING (02331.HK)$ , $BOSIDENG (03998.HK)$ , $CHINA DONGXIANG (03818.HK)$ It fell more than 3%. $TOPSPORTS (06110.HK)$ . $ANTA SPORTS (02020.HK)$ , $XTEP INT'L (01368.HK)$ Fell more than 1%.
Post-pandemic stocks collectively rose, $CLOVER BIO-B (02197.HK)$ up more than 11%, $SHANDONG XINHUA (00719.HK)$ up more than 5%, $ALI HEALTH (00241.HK)$ , $KINTOR PHARMA-B (09939.HK)$ up more than 4%, $CANSINOBIO (06185.HK)$ , $TRAD CHI MED (00570.HK)$ , $ASCLETIS-B (01672.HK)$ , $CSPC PHARMA (01093.HK)$ Rise more than 3%.
Post-pandemic stocks collectively rose, $CLOVER BIO-B (02197.HK)$ up more than 11%, $SHANDONG XINHUA (00719.HK)$ up more than 5%, $ALI HEALTH (00241.HK)$ , $KINTOR PHARMA-B (09939.HK)$ up more than 4%, $CANSINOBIO (06185.HK)$ , $TRAD CHI MED (00570.HK)$ , $ASCLETIS-B (01672.HK)$ , $CSPC PHARMA (01093.HK)$ Rise more than 3%.
On the news front, the topic of secondary infection of COVID-19 has sparked discussion over the weekend, and people are generally concerned about whether there will be a second wave of the pandemic. Fangzheng Securities believes that in the short term, it is possible to invest in oral drugs for COVID-19, but in the long term, it is advisable to invest in companies that improve management efficiency and profitability in the reform of central and state-owned enterprises, as well as in undervalued traditional Chinese medicine and high-quality innovative drugs.
Electric power stocks are rising across the board. $HUADIAN POWER (01071.HK)$ Rise more than 5%. $HUANENG POWER (00902.HK)$ Rise 2%. $DATANG POWER (00991.HK)$ , $CHINA RES POWER (00836.HK)$ and other stocks followed the upward trend.
Electric power stocks are rising across the board. $HUADIAN POWER (01071.HK)$ Rise more than 5%. $HUANENG POWER (00902.HK)$ Rise 2%. $DATANG POWER (00991.HK)$ , $CHINA RES POWER (00836.HK)$ and other stocks followed the upward trend.
On the news front, as of the end of March, the total installed capacity of power generation in the country is about 2.62 billion kilowatts, a year-on-year increase of 9.1%. In March, the national power generation was 717.3 billion kilowatt-hours, a year-on-year increase of 5.1%. Among them, the thermal power generation increased by 9.1% compared to the same period last year. Sealand Securities pointed out that the power generation from January to March was less than the total electricity consumption by the whole society, and the overall power supply and demand was in a "tight balance" state. As production and living demand recover in the future, the "tight balance" pattern may be maintained, and the industry is recommended to maintain a "buy" rating.
Autos stocks rebounded, $BRILLIANCE CHI (01114.HK)$ increased by over 5%, $BYD COMPANY (01211.HK)$ increased by over 3%, $NIO-SW (09866.HK)$ , $XPENG-W (09868.HK)$ , $LI AUTO-W (02015.HK)$ and other stocks followed the upward trend.
Autos stocks rebounded, $BRILLIANCE CHI (01114.HK)$ increased by over 5%, $BYD COMPANY (01211.HK)$ increased by over 3%, $NIO-SW (09866.HK)$ , $XPENG-W (09868.HK)$ , $LI AUTO-W (02015.HK)$ and other stocks followed the upward trend.
On the news front, insiders revealed that the Shenyang government plans to acquire 30% equity of Brilliance China, indirectly holding the equity of Brilliance BMW, a joint venture of Brilliance China. Brilliance China and BMW currently hold 25% and 75% equity of Brilliance BMW, respectively. Vice Minister of Industry and Information Technology Xin Guobin stated that next, efforts will continue to be made to stabilize growth, earnestly study and formulate effective policies to stabilize and expand automotive consumption, and push forward the development of the new energy vehicle industry with greater strength and at a higher level. Improve the policy system, promote research, and promptly clarify the post-2023 vehicle purchase tax exemption policy, formulate support policies for accelerating the construction of charging and battery swapping facilities, and promoting the application of new energy vehicles in the public sector.
Today, there is a net inflow of 1.745 billion Hong Kong dollars from the southbound funds, with a net inflow of 0.7 billion Hong Kong dollars through the Shanghai-Hong Kong Stock Connect, and a net inflow of 1.045 billion Hong Kong dollars through the Shenzhen-Hong Kong Stock Connect.
Today, there is a net inflow of 1.745 billion Hong Kong dollars from the southbound funds, with a net inflow of 0.7 billion Hong Kong dollars through the Shanghai-Hong Kong Stock Connect, and a net inflow of 1.045 billion Hong Kong dollars through the Shenzhen-Hong Kong Stock Connect.
Looking ahead, China International Capital Corporation believes that it is not so much about how strong the "past" data is for the market, but rather the "future" momentum. In the short term, the market may lack a clear direction and focus more on structure, maintaining a consolidating trend, but the risk of a significant downturn is also limited. In the medium term, the market outlook is not pessimistic, and any significant pullbacks caused by unexpected shocks are opportunities for better positioning. In terms of allocation, adopting a "dumbbell" strategy, focusing on state-owned enterprises with high dividend potential (dividend cash flow) and high-quality growth sectors with good profitability (operational cash flow, such as internet, software, and hardware sectors).
Stars of Tomorrow: $COMEC (00317.HK)$
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HopelessChi : time to call for exit of chinese stocks? they cannot uplift promises and fail to protect investor interest. clampdown is one and next, donation to common prosperity seem by raising IPO to suck more money to fund its own debt.