Hong Kong stocks surged 505 points 31,000 closed and lost

Hong Kong stocks made a big deal yesterday and they once returned to the 31,000 mark. The Hang Seng Index opened 343 points higher this week. Afterwards, the Hang Seng Index rose 343 points higher. It increased by 520 points in the afternoon and reached 31012 points high. However, it ended with 31,000 points and closed at 30,997 points, up 505.07 points or 1.66%, breaking through in one breath. 10, 20, 50 and 100 day averages. The HSCEI rose 1.91% to 12,249.58 points. The market turnover was 103.534 billion yuan.

Blue-chip stocks rose in an all-round manner, with domestic housing stocks such as Country Garden (2007), Rundi (1109), and Evergrande (3333) registering increases. The analysis pointed out that the real estate sector has undergone drastic adjustments in the near term, and the hidden concerns arising from credit risk are still spreading. CSC Investment emphasizes that the financing advantages of large-scale leading housing enterprises will be further highlighted, superimposing the current highly advantageous valuation levels. In the environment where the liquidity margin improves in the future, there is room for repair.

Zhang Zhiwei, an associate director of Prudential Securities, said that although President Trump has launched a trade war against the EU and Canada, the next step is to impose tariffs on cars imported from Japan and Europe, but on the other hand it also reflects that the trade war is not mainly directed against China. The expansion of the trade war has meant that the U.S. trade sanctions against China have weakened, and there is further news that the U.S. plans to increase fines in exchange for the lifting of the ban on lifting the ban on ZTE (763), and the market’s worries about the trade war have been temporarily eased.

Xiaomi transmits a listing hearing on Thursday

Dongxing Securities pointed out that subject to the surrounding markets, it is expected that the short-term market share of Hong Kong stocks will not be able to escape from the trend of shocks and weaknesses. Funds will still have strong demand for defense. The short-term kinetic energy of the food, beverage, education and pharmaceutical sectors is expected to continue.

In terms of new shares, it is reported that Xiaomi’s IPO has entered a critical stage, or it will conduct a hearing on Thursday (7th). The fastest month-end IPOs will be worth more than US$7 billion (approximately HK$54.6 billion) and will be deployed in early July.