Watching the atmosphere, Hong Kong stocks focus on the tide of performance
Hong Kong dollar continued to be weak, coupled with adverse news from Sino-US trade negotiations, the market wait-and-see atmosphere is strong, Hong Kong stocks fell more than 200 points in the early morning, the market’s decline narrowed to 145 points, reported At 29,320 points, the turnover was 103.1 billion yuan.
At the same time, the market focused on the company’s performance. After Hengan (1044) announced its results, it was raised by some big banks to raise the target price. The stock price rose by half, which is the best blue-chip performance. Xiaomi (1810) turned a profit last year, but was “smacked" by the big bank, down 4%. Li Weijie, an independent stock evaluator, believes that the Sino-US trade negotiations have sent unfavorable news. The two countries have problems with wafer purchases or differences, and China has the opportunity to reduce orders for Boeing 737 MAX 8 passenger aircraft. The mainland and Hong Kong stock markets are soft due to a number of factors. It is expected that the Hang Seng Index will continue to consolidate at the level of 29,000 points. If the performance of individual stocks is satisfactory or there is funds to be sought after, the company’s performance will be under pressure if it is less than expected.
In addition, the Hong Kong dollar once again triggered a weak exchange guarantee. The HKMA received a 604 million Hong Kong dollar offer at the end of New York City on Tuesday (19th). It is the fourth time this year to enter the market to buy Hong Kong dollars, making the banking system account balance on Thursday (21st). It will drop to approximately HK$68.293 billion.