Four consecutive rises and broken cables Hang Seng Index fell 137 points

A new round of Sino-US trade wars has started. The market has a wait-and-see atmosphere. After a few days of rising Hong Kong stocks, it is gradually getting tired. After the Hang Seng Index opened 77 points higher, it once regained the 28,000 level in the early stage. However, investors are watching the development of the war. The index was softer and weaker, closing down 137 points to 27,790 points, and Hong Kong stocks stopped four consecutive days.

The United States imposed a second round of tariffs on Chinese imports, which came into effect at noon on Thursday. The new round of tariff measures involved a total value of goods of 16 billion US dollars. The Chinese also immediately responded by levying a 25% tariff on goods of the same value in the United States, which caused the A shares to rebound in the afternoon. At the same time, the Sino-US officials had not had any trade negotiations for two days. The news, coupled with the belief that the US Federal Reserve announced a rate hike, is getting closer. The performance of Hong Kong stocks was repeated. The high opening weight was 28,000 and the high was 28051. However, it was only a short-lived one. After that, it rushed back and followed the A-share rally in the afternoon. The decline narrowed, closing at 27,790, down 137 points, and suspended four consecutive rises. It closed at 10,814, down 35 points, and the turnover shrank to 83.9 billion yuan.

Blue chip stocks are weak

Blue-chip stocks generally fell, Tencent (700) fell 0.11%, closing at 359 yuan, turnover of 7.196 billion yuan, ranking first in the transaction; Ping An (2318) interim results beat expectations, the stock price rose two consecutive days, yesterday against the market rose 1.79%, close 74.1 yuan; HSBC (005) fell 0.57%, closing at 69.65 yuan.

The shares related to mobile phones were under pressure. AAC (2018) was hit by a number of big banks. The stock price plunged 4.19% to close at 84.65 yuan, the largest blue-chip decline. Haoyu (2382) fell 1.32% to close at 93.4 yuan. Xiaomi (1810) lost profit in the middle of the period, net profit of 7.6 billion yuan, the stock price has risen 7.2%, high to 18.96 yuan, closing down 1.36% to 17.44 yuan. In the market, the 5G infrastructure in the Mainland accelerated, and Zhongxing (763)飙8.22% closed at 14.22 yuan.

Huang Deji, director of the research department of Kingston Securities, said that the performance of Hong Kong stocks has gradually improved. It is reasonable to expect a slight reversal for many days. I believe that China and the United States will continue to negotiate and will continue to benefit the market. The Hang Seng Index has not stopped. As long as the Hang Seng Index is consolidated around 28,000, and the recent negative news is almost completely digested and reflected, the Hang Seng Index is not a dream on the 28,000 floor. The 28300 is slightly resistant.