Tracking individual stock ETFs 'explode', not enough US stock ETF codes available quickly.
ETFs used in the US market are running out of stock codes at an accelerating rate. Especially for ETFs that track individual stocks, the demand for attractive stock codes is sharply increasing. Because their codes must include the codes of the tracked stocks, the number of optional code combinations is very limited.
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.
"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.
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.
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.
After continuous sharp rise, foreign investors are paying attention: "There is a group of stocks in the Hong Kong stocks market that have risen by 30% to 40%, reaching almost historical highs"
Invesco, jpmorgan, and other institutions maintain a cautious attitude, believing that market sentiment will eventually return to fundamentals. The key going forward is whether more policy measures can be implemented. However, optimistic individuals also anticipate that considering the low valuation of Hong Kong stocks, the market rebound is not yet over.