Hong Kong stocks leaping 841 points and 4 months, the most injured Morgans sings the light test of the bulls and bears line 29228 points Li Jiacheng 500 million increase in holdings

The trade war between China and the United States blew up, and Hong Kong’s stock exchange market became a cash machine. Hong Kong stocks plunged 841 points, the most in four months, with a market value of approximately 850 billion yuan evaporated in a single day; the yuan’s CIF price fell sharply over 400 U.S. dollars. The idea is that the exchange rate of Hong Kong Exchange will follow the low pressure of 7.8499, which is only one step away from the exchange guarantee of the weak party.

The investment climate has been frustrated. If the trade negotiations between China and the United States continue unclear, the Hong Kong stocks may have to test the lows this year (29,129) and the 250 antennas commonly known as the “Cow and Bear Line” (29228 points yesterday). At least three Chinese and foreign securities firms have taken a cautious view of the market. Among them, Morgan Stanley pointed out that there is still pressure on the valuation of Hong Kong stocks.

Hong Kong meeting low see 7.8499 weaker guarantee

The market was under pressure. Changhe (00001) major shareholder Li Ka-shing increased its shareholding in Cheung Kong (01113) for three consecutive days. It increased its holdings by approximately 8.9 million shares three times before and after, involving a total investment of 584 million yuan, and increased its shareholding to 32.06%; The stock price also fell with the broader market yesterday, falling 2.3% to close at 64.15 yuan.

U.S. President Donald Trump threatened to demand that U.S. trade representatives formulate a list of 10% tariffs on Chinese imports worth 200 billion U.S. dollars. The Dow evacuated more than 400 points in the early morning; the U.S. It was 11 months high and it had reached 95.3 last night, which is not conducive to the development of emerging markets.

As of midnight, the night time reported 29,494 points, up 123 points. Tencent (00700)’s American Depositary Receipts (ADR) amounted to HK$396.1, which was 0.7% lower than HK$396.8 last month. The overall blue chip ADR performance was equivalent to the Hang Seng Index rising by 124 points.

Regarding China and the United States raising the tariff list of US$50 billion each, the Secretary for Commerce and Economic Development, Mr Edward Yau, who is visiting Europe, pointed out that the initial assessment by the Trade and Industry Department will affect the value of re-exports from China to the United States by about 60 billion yuan. Accounted for 17% of the total, and the US re-exports to China by Hong Kong about 6 billion yuan, accounting for about 9% of the total.