Hang Seng Index market volatility subsides, focus shifts to the fiscal end | Hong Kong stock market barometer

①Hang Seng Index market stagnation amplifies, which trade signals are worth noting? ②Market focus shifts to the fiscal end, what logic?

cls.cn32minutes ago

Hong Kong stocks experienced a significant pullback, with the Hang Seng Index falling by 12.82%. Industry insiders interpret it this way.

On October 8, the Hang Seng Index fell by 9.41%, and the Hang Seng Tech Index plummeted by 12.82% in a single day. Brokerage analysts stated that the main reason for the decline was the resumption of work in the A-share market, the primary battleground recovery, combined with relatively empty content from the National Development and Reform Commission meeting, which fell below the market's expectations of continued bullish signals being released, leading to foreign capital not seeing clear signs of fiscal stimuli.

cls.cn22:40 ET

Announcement Highlights | new china life insurance: The net profit attributable to the mother is expected to increase by 95%-115% in the first three quarters; sunac: Sales in the first 9 months decreased by 48.68% year-on-year.

Wuxi Apptec: No decision has been made regarding the sale of its WuXi ATU business; Tencent: Spent 0.703 billion Hong Kong dollars to repurchase 1.56 million shares, repurchase price range is 438.6-474.8 Hong Kong dollars.

cls.cn20:43 ET

"Emerging Markets Godfather": China's stock market rally will continue, but there is no rush to increase positions after the National Day holiday.

Legendary American investor Mark Mobius, also known as the 'godfather of emerging markets,' stated on Monday that if China continues to introduce measures to support the market, the bullish trend in the Chinese stock market may continue.

cls.cnOct 8 09:16 ET

National Development and Reform Commission: Will vigorously implement the employment priority global strategy from four aspects.

①The vigorous development of low-altitude economy has created a new position for drone operators, with a talent gap of up to 1 million people in our country; ②By 2025, the professional talent gap in new energy autos maintenance and research and development will reach 1.03 million people; ③There is a demand gap of 20 million in the domestic service industry, especially in high-end demand; ④Coordinate multiple channels to increase investment in skills training and infrastructure construction.

cls.cnOct 8 01:18 ET

Goldman Sachs released three heavyweight research reports over the weekend: downgrading the forecast for US recession, expecting the Chinese stock market to rise by another 15% to 20%.

Goldman Sachs' stock strategy team believes that the US large cap stocks can rise by another 4.3% to 6000 points by the end of the year, as the possibility of a US recession has decreased, allowing the Federal Reserve to only reduce interest rates by 25 basis points each time. Their AP strategic team has upgraded the rating of Chinese stocks to "shareholding" and is bullish on the potential boost to valuation from large-scale stimulus measures.

wallstreetcnOct 7 18:53 ET