Foreign economic difficulties, 25,000 points lost in the night, Hong Kong and Macao issued a “terrorist attack” on the evaporation of 400 points during the day

The strong rebound caused by the delayed tariff increase of Hong Kong stocks was only a short-lived one

The gap opened higher than 400 points yesterday. At 10:00 in the morning, the mainland’s economic data was worse than expected. The Hang Seng Index has fallen by 200 points in half an hour, and the Hang Seng Index in the afternoon. Because the Hong Kong and Macao office said that the airport demonstrations were “nearly terrorist attacks” and once fell. Although the market’s rise in insurance did not fall, there were still 7 blue chip stocks to see the new low (see table) and concentrated in local property stocks. Last night, the US 10-year and 2-year debts were upside down. The worries of the economic recession reappeared. The external stock market plunged and the HSI lost 25,000 points in the night.

If the short-term debt is higher than the long-term debt, it will generally be regarded as a sign of economic recession, and this happened at the same time in the United States and the United Kingdom yesterday. The Dow closed 400 points last night, Europe’s three major indexes fell nearly 2%, the HSI fell more than 1% in the night, once low 24,855 points, low water 447 points, as of 11:30 last night, 24,905 points, low water 397 points.

Hong Kong stocks fell yesterday. Although the HSI benefited from the news of the trade war, the gap opened 430 points higher. However, after the economic data released by China at 10:00 yesterday was worse than expected, it fell 200 points in half an hour. The Hong Kong and Macau Affairs Office strongly condemned the demonstrators at noon, causing the Hang Seng Index to fall by 84 points in the afternoon. The HSI eventually closed at 25,302 points, up only 20 points and evaporating 415 points from the high level. The H-Share Index rose 19 points to 9866 points, and the main board turnover was 83.9 billion yuan.

Hang Seng Real Estate Index fell more than 20%

Local stocks dragged down the market’s culprit. In the early period, public stocks turned down. CLP (0002) fell 2% for the whole day. Gas (0003) and MTR (0066) fell 1.8% and 1.4%. Real estate stocks in the afternoon saw new lows, Cheung Kong (1113) closed down 2.4%, New World (0017) and Xinzhi (0083) fell 1.4% and 0.9% respectively. Real estate stocks fell into a bear market. The Hang Seng Real Estate Sub-Index fell 0.64% against the market and has fallen 21% since April.

Lin Yinji, managing director and head of research department at Guangyin International, believes that the decline in local real estate stocks has spread from commercial real estate to residential developers. He believes there is still room for decline because of the delay in pushing the new market. It is because I don’t want to cut the price. Secondly, even the real estate developers can’t see the market outlook. The situation is worrying. The market is worried about whether New World and SHKP (0016) will follow. If the first-hand market is frozen, it will have an impact on the profitability of real estate stocks. He believes that the current price is not enough to reflect these factors.

Analysis: The decline was delayed from commercial real estate to residential developers

In terms of local financial stocks, Hang Seng Bank (0011) fell for 4 days and fell 0.5% to 165.3 yuan yesterday, which was low for nearly two years. AIA (1299) fell 0.14% to 73.3 yuan. HSBC (0005) had a large amount of buying at 58 yuan, and closed up 0.52% to close at 58 yuan. Haoyu (2382) was well-received and upgraded by the big bank. The stock price rose 8.7% yesterday and is the best performing blue chip. Taikoo (0019) and Cathay Pacific (0293) rebounded by 3.8% and 2.8% respectively. The first Shanghai chief strategist, Ye Shangzhi, pointed out that the Hang Seng Index is still searching for the bottom. The current low of 24,540 is less than a thousand points from last year. The market is under pressure and defensive awareness. It is not ruled out that it will test last year’s low.


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