23/5/2018-10

Oil stocks dragged 568 points on Hong Kong stocks analysis: No breakout zone

The Sino-U.S. trade war has not ceased, and the drop in oil prices has caused the oil stocks to drop sharply. The Hang Seng Index hit its biggest one-day decline in the past six weeks yesterday, plunging 568 points, or 1.82%, and the decline in the market and the turnover rushed to 1100. Billion yuan is the most recent month. The short-selling ratio rose to 13.4%, which is also the highest since early April. After the Hang Seng Index dropped 31,000 points during the day, the night time period fell below 30,500 points. It is expected that the Hang Seng Index will not be able to break through the ups and downs. Ming Bao reporter Liao Yiran

The positive effect of the “Arrival” of A shares gradually disappeared, and Hong Kong stocks refocused on external factors. Lu Ting-long, head of the Hang Seng Private Banking and Trust Services Department, said that whether A-shares are entering the market or the hefty shares of new shares are only “microclimates,” the “big climate” of Hong Kong stocks is still the three major external factors, namely the Sino-US trade war, The situation on the Korean Peninsula and the US interest rates have risen. He pointed out that the first two are political incidents, and it is often difficult to read literally, so that the market sentiment is good or bad; and the US interest rate hike makes the dollar stronger, bond yields are rising, and the desire to invest in emerging markets is curbed, which makes Hong Kong stocks There is no clear direction as the sun rises day by day. He advises investors to maintain a conservative attitude. At 11:30 last night, the Hang Seng Index rebounded to 30,642 points in the night, still 24 points low.

Hang Seng Lu Ting Lung: Peripheral politics has not improved

Hong Kong stocks rose on Monday because of the dawn of Sino-U.S. trade negotiations. However, US President Trump later denied that the negotiations reached a consensus and he also said that ZTE may not be able to “free up” (0763). On the other hand, it is still unclear whether the DPRK-U.S. talks can be held as scheduled next month. The news dragged down the US stock market, the Dow Jones Industrial Average fell nearly 200 points overnight. After the Hang Seng Index opened 43 points lower yesterday, the decline continued to expand, and closed at the lowest level on the day, at 30,665 points, down 568 points. The H-Share Index fell 259 points to 12,090. The total turnover was 115.4 billion yuan.

Bank of Communications Liang Zhilin: HSI is difficult to break through 32,000 points

After the international oil prices fell, Brent’s oil surged to approximately US$79 in the last two days after hitting 80 US dollars per barrel on Monday. The three major oil companies dropped sharply. CNOOC (0883) and Sinopec (0386) both dropped 6.1%. PetroChina (0857) dropped 4.5%, dragging down the Hang Seng Index by a total of 111 points.

Lian Zhilin, senior economics and strategist at Bank of Communications in Hong Kong, pointed out that oil stocks have risen sharply along with international oil prices in the past few weeks. Until recently, investors began to doubt whether the upward trend in oil prices could continue. Judging from the decline in Venezuela’s production and Iran’s renewed sanctions against oil prices. In the long run, many investors think that they should make profits first, and they should not be allowed to pursue related shares. He believes that the Hang Seng Index has been unable