青云直上
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$Hang Seng Index (800000.HK)$
In the first week of the new year, both A-share and Hong Kong stock markets have shown a strong start, but the pace of the two markets is different. The Shanghai Composite Index of A-shares has closed slightly higher for 5 consecutive days, while the ChiNext Index initially fell before rising, and the Hong Kong stock market showed a rising trend followed by a decline.
Looking back at the trend since the rebound at the end of October 2022, it's obvious that although the three indices bottomed out at the same time, their upward momentum is not completely the same. The strongest performance is the Hang Seng Index (800000.HK), which rebounded significantly by 50%, followed by the Shanghai Composite Index (000001.SH) with a rebound of over 300 points, exceeding 10%, and the weakest is the ChiNext Price Index (399006.SZ), which has been oscillating after the first sharp rebound and has not broken out of the range.
For 2023, all institutions are unanimously pointing to economic recovery and a stock market turnaround. The general direction is correct, but the most difficult part lies in grasping the pace and style. In the current A-share market with over 5000 listed companies, it's difficult to see the widespread uptrend of the past bull markets, and more of a structural market is observed. Therefore, there will also be a style rotation. In the first quarter valuation repair market, the more dominant style will be value. This can be seen in the comparison of the performance of the Shanghai 50 and the CSI 300 versus the CSI 500 and CSI 1000. If there are any questions, you can post them in the comments section. $BABA-W (09988.HK)$ $TENCENT (00700.HK)$
In the first week of the new year, both A-share and Hong Kong stock markets have shown a strong start, but the pace of the two markets is different. The Shanghai Composite Index of A-shares has closed slightly higher for 5 consecutive days, while the ChiNext Index initially fell before rising, and the Hong Kong stock market showed a rising trend followed by a decline.
Looking back at the trend since the rebound at the end of October 2022, it's obvious that although the three indices bottomed out at the same time, their upward momentum is not completely the same. The strongest performance is the Hang Seng Index (800000.HK), which rebounded significantly by 50%, followed by the Shanghai Composite Index (000001.SH) with a rebound of over 300 points, exceeding 10%, and the weakest is the ChiNext Price Index (399006.SZ), which has been oscillating after the first sharp rebound and has not broken out of the range.
For 2023, all institutions are unanimously pointing to economic recovery and a stock market turnaround. The general direction is correct, but the most difficult part lies in grasping the pace and style. In the current A-share market with over 5000 listed companies, it's difficult to see the widespread uptrend of the past bull markets, and more of a structural market is observed. Therefore, there will also be a style rotation. In the first quarter valuation repair market, the more dominant style will be value. This can be seen in the comparison of the performance of the Shanghai 50 and the CSI 300 versus the CSI 500 and CSI 1000. If there are any questions, you can post them in the comments section. $BABA-W (09988.HK)$ $TENCENT (00700.HK)$