HTSC: Hong Kong stock valuations may approach support, continue to allocate safe assets and wait for bottoming out.
HTSC said that the current Hang Seng Index valuation level is about 5% away from the low point in mid-April, but the Hong Kong stock valuation level may be supported by the mid-April low point this year.
Brokerage research: a good opportunity may arise in Hong Kong stocks, it is recommended to wait for the Hang Seng Index to reverse before following on the right side.
Currently, the Hang Seng Index is finding support around 17,000, which may be due to the relative high risk premium at work. However, remain cautious and wait for a reversal before following on the right side of the Hang Seng Index.
Hong Kong stock market mid-day review: Hang Seng Index fell by 1.42%, recording 3 consecutive declines. Technology and financial stocks and other weights fell across the board. Photovoltaic stocks bucked the trend and rose.
The three major indexes continue to decline, all recording three consecutive falls.
htsc: Why is the funding situation of Hong Kong stocks weakening?
Recently, the capital situation of Hong Kong stocks has weakened. HTSC believes that the main features are outflows from foreign investors targeting configuration and a rise in short positions, amidst increasing activity in trading related to the election and a decrease in interest rate trading.
Hong Kong Shares Drop, Tracking Wall Street Weakness -- Market Talk
Qiu Dongrong speaks for the first time after resigning: very positive and optimistic about the market, and Hong Kong stocks are attractive.
According to the Zhītōng Cáijīng APP, on July 22, Qiú Dòngróng, who has already announced his resignation, communicated with investors around the second quarter report along with the four newly appointed fund managers.
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