12/2/2018-2

Hong Kong stocks soared 7200 points in the chicken year to welcome the leap year dog watching peripheral data did not take off the roller coaster

Hong Kong and China Financials yesterday retreated short positions to stimulate the Hong Kong market once hovered around 800 points, while the year-on-year rise of about 7,200 points challenged the steep rise of the 2009 Ox Year. The investment community is looking forward to the continued running of the HSI in the Year of the Dog to drive Hong Kong stocks back up the stairs.

Affected by the expected rate hike in the United States, the US stock market reversed its trend in the early part of the session (see A4 version – U.S. inflation 2.1% over-expect the early seesaw). As at 0:00 this morning, the night reported 30415 points, up 114 points. HSBC (00005) ADR in the United States reported 82.6 Hong Kong dollars, higher than the closing price of 81.9 yuan higher 0.7 yuan, the overall ADR equivalent to 26 points rise in the Hang Seng Index.

Ping Bao denounced another three billion HSBC

According to the latest disclosure of the Stock Exchange, last Friday’s HSI plunged 943 points or 3.1%, while HSBC’s decline declined sharply. As a result, Ping An Asset Management Co., The average price of 79.3774 yuan holdings of 37.22 million shares, involving 2.95 billion yuan, the day the stock price was once swept up to 80.05 yuan, holding increased to 6.17%, is still the second largest shareholder after BlackRock.

Benefiting from the north, the Hang Seng Index rose soaring by 7,197 points as of yesterday to temporarily exceed the 2009 increase of 7,114 points in the New Year, which has always been the strongest but ultimately depends on the conditions of the half-day market. Li Zhenhao, director of acting management at Hong Kong Wealth Management Department (DBS), said last year that Hong Kong stock valuations were among the highest in the global stock markets, attracting global capital inflows, driving the Hong Kong stocks to follow-up and the overall PE ratio rose to 15 to 17 times the level.

Looking forward to the Year of the Dog, the investment community expects a slight slowdown. Last year, the Hang Seng Index rose more than 30%. Under the high cardinal effect, Li Zhenhao expects Hong Kong stocks will hardly replicate last year’s upward trend. With no major positive news for the time being, the increase will slow down to 10% to 15%. At the end of the Hang Seng Index, 33000 points.

The market earlier due to pressure haze pressure, as the message gradually digested, he believes the market will return to the focus of the fundamentals, coupled with continuous improvement in corporate earnings and peripheral US stocks made good performance, the market outlook is still optimistic, short-term need to pay attention to the United States Economic data to reflect the opportunity to raise interest rates next month.

Hang Seng Index Hang Seng Index to 31,000

However, cautioning that policy risks need to be observed in the first half of the year, the Third Plenary Session of the second half of the year has the opportunity to become a major catalyst. Meanwhile, the HSI targets should be raised from 30,000 points and 12,500 points to 31,000 respectively Point and 13000 points. The bank continued that corporate earnings growth mainly driven by traditional economic stocks, financial stocks and large blue-chip preferences, and the Internet stocks upgraded to overweight, while the public and consumer stocks remained underweight.

Schroders North Asia diversified asset products Yu Yu pointed out that with the high valuation of other markets led by the United States, investors are expected to give special consideration to investment opportunities in emerging markets, of which China’s stock market valuation is more attractive, The main reason is the strong growth prospects, optimistic about the high growth of consumer-related stocks in the Mainland, and to avoid investing in industries with structural overcapacity.

Hang Seng Index rose 676 points to end at 30515 points on the day before; Stocks posted a turnover of 1,106 billion yuan.