The China-US Trade Association has another sneak peek

Sino-US trade talks have become more complicated

The market is concerned that the first phase of the trade association will be delayed until next year, which will drag down Hong Kong stocks. The Hang Seng Index opened 302 points lower, but it was already a full-day high. Then the downtrend increased. It once plunged 583 points and closed at 26,466 points, down 422 points. The Hang Seng Index broke 626 points in two days and lost 50 antennas (26664). The turnover of the city increased to 75.4 billion yuan.

Sino-US trade consultations are stuck in a stalemate. If the trade association cannot be reached, the market believes that US President Trump may impose tariffs on Chinese goods as scheduled in December. Trump pointed out that China and the United States have failed to achieve the satisfaction of the US. However, Vice Premier Liu Hechuan of the State Council expressed his cautious optimism on the first phase of the agreement.

Blue chips only made two good

Blue-chip stocks were almost down, and only two stocks rose. AIA (1299) fell 1.4% to close at 76.7 yuan; Haoyu (2382) fell 4.2% to close at 121.4 yuan, underperforming blue-chip stocks; Want Want (151) rebounded 1.4% to close at 6.56 yuan, the biggest increase in blue-chip stocks.

In addition, MTR (066) passenger volume plummeted nearly 15% in October, hitting a record low of seven and a half years. MTR shares fell 1.1% to close at 43.3 yuan; China Mobile (941) saw a low of 60.55 yuan, a record of more than five Half a year low, and finally fell 1.8%, reported 61 yuan. The market is worried that Sino-US relations will deteriorate, or the local economy will be hit again. Local property stocks are not operating. The rent-taking shares of Wharf Real Estate (1997) fell 3.5% to close at 42.7 yuan; Hysan (014) fell 3.9% to close at 29.65 yuan.

The technology stocks were under pressure. Ping An Good Doctor (1833) shareholders sold 20 million shares at a discounted price. The stock price plunged 11.7% to close at 51.9 yuan. The US group (3690) announced its quarterly results after the market closed. The stock price fell 5.6% to close at 91.9 yuan. Tencent (700) fell 1.9% to close at 329.4 yuan.

Accor (3313) was suspended from the index by MSCI. The stock price plunged 98.3% at most, and the low was 0.246 yuan. It was suspended at 11:04 yesterday. It was reported at 0.305 yuan before the suspension, down 97.9%, and the turnover was 568 million yuan.

Accor rushed 98% suspension

Li Weijie, vice president of the Greater China Investment Strategy Research Institute, said that the Sino-US trade talks were erratic. The trade dispute between the two countries has lasted for about 18 months. Before signing the first phase of the trade association, the attitudes of the two sides will not be allowed. The market is moving.

According to his analysis, even if the short-term market situation is pessimistic, the HSI is still on the upward trajectory, and the short-term may be adjusted back to the bottom of the track (about 26,000 level), and investors can consider this level to absorb or raise.


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