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Concerns about demand have become the main market tone. Brent crude oil fell to a six-month low at one point, while US oil fell more than 4% during trading hours.
Despite the significant escalation of geopolitical tensions in the Middle East this week, which once briefly pushed up crude oil prices, the concern about economic recession has become the main market sentiment, and investors are worried about the demand for crude oil. Oil prices fell sharply on Friday, falling for four consecutive weeks, marking the longest decline since December last year.
Deutsche Bank: Tencent is a "safe haven with a catalyst".
Morgan Stanley predicts that Tencent's gaming business is expected to achieve high growth in Q2 of this year and become a leading indicator for the company's future profits exceeding expectations. Morgan Stanley set a target price of HKD 450 for Tencent's Hong Kong stocks, which is 25.6% higher than the Friday closing price.
Meituan sets its sights on small businesses like nail salons.
Explore the potential of the industry chain.
South Water bought nearly 0.4 billion yuan of Eoptolink Technology Inc. shares, while North Water reduced its holdings of Hong Kong stocks and sold nearly 3 billion yuan net of Tracker Fund of Hong Kong.
The northbound funds sold net 3.23 billion yuan of A-shares, while the southbound funds sold net 1.896 billion Hong Kong dollars of Hong Kong stocks.
Northbound trading news: Net sales of 1.896 billion, tracker fund of Hong Kong (02800) suffers another round of selling, with a total net selling of 2.9 billion Hong Kong dollars for the day.
On August 2nd, the Hong Kong stock market saw a net sell-out of 1.896 billion Hong Kong dollars by the Northern Fund, with a net sell-out of 1.64 billion Hong Kong dollars through the Shanghai-Hong Kong Stock Connect and a net sell-out of 0.256 billion Hong Kong dollars through the Shenzhen-Hong Kong Stock Connect.
Rate cut in September? Wall Street analysts interpret the Fed's decision: not so absolute.
The Federal Reserve has sent a message to the public that they do not want investors to be certain that they will cut interest rates by 25 basis points in September, because there is still more economic data to consider before September.
