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Earnings flood from China's stocks: Is a turnaround on the horizon?
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Weekly review 20241018

👉In terms of indexes this week, the SSE Composite Index rose by 1.36%, the ChiNext Price Index rose by 4.49%, the CSI 300 Index rose by 0.98%, the CSI 500 Index rose by 3.09%, the CSI 1000 Index rose by 6.14%, and the Hang Seng Index fell by -2.11%.
👉In terms of industries, all 31 Shenwan first-level industries saw gains, with computer (39.37%), electronics (36.37%), and non-bank financial (30.33%) performing well; utilities (4.16%), coal (4.69%), and petroleum and petrochemical (5.32%) performing lower.
Weekly review 20241018
The market continued to fluctuate in the first half of this week.A rebound is expected on Friday.There is also a certain divergence in the global sectors.The overall trading volume has fallen from last week, maintaining at around 1.6 trillion per day, with a surge to 2 trillion on Friday.
Regarding the second round of market trends since September 24th, the market has experienced continuous growth. From a long-term perspective of over three years, the market may have already reversed from the bottom.There is a high probability that it will not return to a more pessimistic state than before. $Hang Seng Index (800000.HK)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng China Enterprises Index (800100.HK)$ $Alibaba (BABA.US)$ $PDD Holdings (PDD.US)$
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