Trump then turned hostile night of increase that is reduced by half plus brokerage worry the pace of tariff sustained water from the north to take advantage of a rebound big hand holdings
After the Sino-US trade war talks dawned and stimulated the global stock market to rise, US President Donald Trump changed his face again. He posted a message on Twitter last night, stressing that the United States has no pressure to reach a trade agreement with China. The pressure is China. . After the news came out, the nightly increase of Hong Kong stocks was halved.
The investment community believes that the news of the trade war is repeated, and Trump may not easily reach a trade consensus with the Chinese side in order to improve the chances of the Republican Party in the mid-November election. Therefore, the market is not ready to over-interpret the negotiation news. Rebound and reduce holdings.
Trump said on Twitter that the US market is on a strong rally, but their market is in a collapse. The US will soon have billions of tariff revenues and a large number of locally manufactured products. Add tariffs on Chinese goods. His last words with related finger, “If we meet, we can achieve the goal? (If we meet, we meet?)”
Before Trump issued the article, the European and American stock markets continued the Asian stock market’s upward trend. The Hong Kong night market rose by a maximum of 348 points. However, the nightly increase was immediately halved, and the return to the 120-point level was intercepted. At 1 am, it closed at 27245 points. 258 points. Tencent (00700) in the United States has increased by 9.8 yuan to 333.6 Hong Kong dollars in ADR, and the overall blue chip ADR is equivalent to the Hang Seng Index rose 116 points.
Tencent repurchase on the 5th day HSI regained 27000
Under the strong rebound of the market, heavyweight Tencent yesterday spent another $39.5 million to repurchase 124,000 shares, which was the fifth consecutive day of repurchase, driving the stock price up 5% to close at 323.8 yuan, the highest in nearly a week.
During the Asian period, the Chinese Ministry of Commerce confirmed that it had received the news of a new round of US trade negotiations, stimulating Hong Kong stocks to reverse the six-day losing streak. It surged more than 600 points yesterday, and the main board trade also exceeded 100 billion yuan. Hong Kong stocks rose across the board yesterday, with more than 1,200 shares reported.
It is worth noting that the Hong Kong stock exchange, which attracted more than 3.2 billion yuan in the market’s 6-day losing streak, recorded a net outflow of nearly 1.41 billion yuan yesterday, reflecting the rebound of the North Water Margin. In addition, Tencent, which rose sharply yesterday, also recorded a net selling of more than 100 million yuan.
Liang Zhenhui, head of investment strategy at Standard Chartered Hong Kong Wealth Management Department, said that the turnover of the main board exceeded 100 billion yuan yesterday, and the market has been falling for several days. It is believed that if more details of the negotiations are implemented, the Hang Seng Index will rise to 27,500 to 28,000 points in the short term. The H-Share Index, which fell earlier than the market, can only slightly outperform the HSI under the big market, reflecting that the market is still worried about Chinese stocks. It is recommended that investors can reduce their holdings of poor earnings prospects.
Zhang Yidong, global chief strategist of Industrial Securities, issued a report saying that if the risk of trade war is moderated, A-shares and Hong Kong stocks are expected to usher in a game rebound, but stressed that the medium-term trend has not changed, and that the fourth quarter of the mainland economic downturn and emerging market capital outflows The risks remain. He continued that since the trade war has deteriorated, A-shares have fallen more than Hong Kong stocks. Therefore, once the trade war is moderated, the former rebounds more strongly.
Zhang Yidong: China and Hong Kong stock markets ushered in a rebound
Zhang Yidong added that investors can take a light position to resist systemic risks, and on this basis, they will play “guerrilla warfare” and list 7 Hong Kong stocks that benefit from the trade war.
Liang Guanye, executive director of Haitong International Wealth Management Investment Strategy, said that with reference to the trend of HSI in recent years, the market often rebounded after the price-earnings ratio fell to about 10 times. It is believed that if the market has gradually digested the trade war factor, if there is no major negative news, the market outlook The decline is limited. He added that investors should pay close attention to the US mid-term elections, and once the Republican elections are not as expected, or the trade war situation will be eased, thus improving the performance of the Hong Kong stock market.
However, Liang Guanye reminded that the prospects for the trade war are unclear, and the market should not over-interpret the various news, arguing that short-selling investors can rebound and reduce their holdings.
The Hang Seng Index closed at 27,014 points yesterday, up 669 points or 2.5%, with a turnover of 106.4 billion yuan.