Chinese concept stocks are once again popular! Morgan Stanley has raised the ratings of multiple Chinese concept internet companies, and these industries are highly favored.
①Australia's well-known bank Macquarie released a report, upgrading the ratings of multiple Chinese internet-related stocks; ②The reason for the upgrade is the improved visibility of profits, as well as the continuous policy support from the Chinese government.
Global disparity in temperature: U.S. technology heavyweights come under repeated attack by investment banks, while chinese assets receive a series of bullish calls.
1. Apple, Amazon, and other USA technology giants have been downgraded by investment banks, leading to a collective weakness in the US stock market; 2. At the same time, Chinese assets continue to be the most eye-catching symbols in the entire market; 3. Under the enthusiastic gaze of global investors, Chinese concept stocks staged a strong V-shaped turnaround late at night.
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What happened during the National Day holiday at home and abroad? Here is a summary of important financial news.
①Shanghai Stock Exchange: From October 8th, the acceptance time for designated trading order instructions will be extended; Goldman Sachs has raised the Chinese stock market to "overweight", expecting a further increase of 15-20%; ②Hong Kong stocks are booming with a high increase in the number of new brokerage accounts and margin trading data within the past week; Many places have introduced optimized policies for real estate, and the market has responded positively.
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"China Dragon" ETF landed on Wall Street as the bull market returns, benchmarking the seven major ETFs in the US.
A new ETF called DRAG, "China Dragon", tracking the performance of major Chinese companies has landed on the US stock market. Its components currently include Tencent, Pinduoduo, Alibaba, Meituan, BYD, Xiaomi, JD.com, Baidu, and Netease. DRAG aims to track an equally weighted basket of stocks composed of the 5 to 10 largest and most innovative Chinese technology companies. This ETF will be rebalanced quarterly.
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Express News | Li Auto Down 2.3%, JD.com Down 3.1%, NIO Down 3.6%, Xpeng Down 3.8%
Express News | PDD Holdings Down 3.5%, NetEase Down 1.4%, Baidu Down 3%
Express News | U.S. Listed Shares of Chinese Firms Fall Premarket After Hong Kong Stocks Close Lower
A stock market is closed, but A stock etf is still soaring!
"Bets on China" trades are hot, with funds flowing continuously from A-shares during holidays to Hong Kong, US-related ETFs. The ChinaAMC STAR50 ETF listed in Hong Kong once rose over 200%, with many Chinese concept stock ETFs soaring together. Market observers have noticed that funds from other regions in Asia are flowing back into the Chinese stock market.
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