Hang Seng Index seven consecutive night off the cable to recover 32,800 Tencent Ping Bao setback more than 2% three barrels bucked the market

Hang Seng Index finally plunged 304 points yesterday, closing at 32654 points near the low of the day and ending seven consecutive gains. The H-Share Index even plunged 232 points (1.71%) to close at 13388 points and the 19-share lows ended, Main Board deal slightly reduced to 187.7 billion yuan. Analysts believe that as Hong Kong stocks have risen for a period of time and are seriously overbought, they will only be able to go up again after the callback. The Hang Seng Index short-term or downside support at 101919 is at 101919.

Last night, the US stock market rebounded sharply in mid-term to stimulate the HSI last night to close at 32800 points, up 120 points and 146 points of high water. As of 1:30 am, the ADR Hong Kong stock proportion index rose 328 points to 32892.

Hang Seng Index opened slightly higher yesterday after 20 points, quickly U-turn down, tail more declines, fell below 32700 points to close. The recent strength of the sought after strong stocks and Chinese financial stocks weighed on pressure yesterday, with the four state-owned banks declining 1.8% to 3%. Shares of Wang Tencent (00700), Ping An of China (02318) and Hong Kong Stock Exchange (00388) Also set off more than 2%. Mengniu Dairy (02319) diarrhea 4.1%, becoming the largest decline in blue-chip yesterday.

RMB currency Airlines took off

Daiwa Capital issued a report on the development strategy of Changhe Department [see separate manuscript] and raised the target price of Cheung Kong (01113) from $ 83 to $ 85.2; target price of Cheung Kong Infrastructure (01038) raised from $ 85 to 86 yuan. The news led the shares of CKH Holdings to buck up, with CKI up 3.9% and CKH (00001) up 1.7%. However, Cheung was down 0.8% yesterday.

International oil prices rose to stimulate “three barrels of oil” for more than two years. PetroChina (00857) rebounded 2.3%. Sinopec (00386) and CNOOC (00883) surged 1.9% and 0.6% respectively. RMB soared China Airlines shares, Air China (00753) climbed to 7 years high, closing up soared 7.6%; China Southern Airlines (01055) also rose 5.7%. In addition, local real estate stocks also see inflows, with New World Development (00017) surging 1.8% and Sun Hung Kai Properties (00016) also up 1.6%.

Huaxia Fund ETF director Zhu Ren believes that the Hong Kong stock has been rising for some time recently relative strength index (RSI) has approached the serious overbought level of 90, inevitably a callback, Hong Kong stocks or subject to test 10 antenna (yesterday at 32195 points) , If fell below this level, there may be a deeper consolidation. He added that if the Hang Seng Index fails to stabilize with a trial of 33000 points two to three times, adjustment pressure will be even greater.

Yesterday, North Shui Chung Hong Kong greatly reduced, “Hong Kong shares pass,” a total of about 2.82 billion yuan amount used, a substantial reduction of 30% over the previous day. People believe not because of the liquidity problems in the Mainland because the People’s Bank of China has already dealt with the funding needs of the Mainland near the Spring Festival through temporary liquidity facilities.

Do not fall until 32000 liters wave unfinished

Luo Jia-tsung, chief economist and strategist at the Bank of Hong Kong Branch, said that Hong Kong stocks rose from the previous month to the present level. Call-backs should be made first. Only if the HSI fell below 32000 points may rise from early 2016. If Hang Seng Index steady 32,000 points and respond to the rally, it will be able to maintain its upward momentum since last month.

Yesterday, the Warrants and CBBC totaled 45.884 billion yuan, accounting for 24.44% of the market turnover. Huang Jien-en, director of the Asia Pacific Department of BNP Paribas Derivatives, mentioned that investors have been cautious about buying HSI bear bets as they are too price-sensitive. But yesterday’s Hang Seng Index dropped 300 points, no matter HSI Bull & Bear All see the inflow of funds, because the bear warrants will not be too price-sensitive, investors are more comfortable buying, there are investors buying the HSI bmx rebounded.