Funds withdraw inverse ETF HSI expects 28000 black period low water, short-term profit taking

Looking forward to the agreement reached between China and the United States, the Hang Seng Index surged 693 points last Friday

but after both China and the United States announced the contents of the first phase of the agreement on Friday evening, the Hang Seng Index turned from high to low at night, and the black period of Singapore trading was low 232 points, the market may be short-term profit-taking. In fact, investors have already deployed buying in recent weeks, and the South East ’s Hang Seng Index is twice as positive as the ETF (7200) for five consecutive weeks of net purchases since mid-November, which is the longest buying wave since the ETF was launched. . Analysis is expected in the short term is the timing of shipments, Hong Kong stocks will have selling pressure. Ming Pao reporter Ma Difan

According to Bloomberg’s data, Southern East Britain ’s Hang Seng Index is twice as positive as the ETF (7200) since mid-November, and has made net purchases for five consecutive weeks, with a total net inflow of 290 million yuan. On the other hand, the Southern East England HSI doubled inverse ETF (7500) recorded a net outflow for 5 consecutive weeks during the same period, with a total outflow of 1.1 billion yuan, including 600 million yuan fled as early as the week ending 6th this month ( (See picture). This means that investors are bullish on the market in the short term and are afraid to buy bearish products.

Cumulative net outflow of 1.1 billion yuan in the past 5 weeks

HKEX also rose above the 7.8 level to 7.7996 on Friday, reflecting the inflow of funds into Hong Kong. Fu Long Securities co-director Tan Langwei said that the market has basically stabilized and believes that the trend of large-scale upward buying will not be easily interrupted, so the selling pressure is expected to be limited. Last Friday, the Hang Seng Index crossed the 250 antenna commonly known as the bull-bear line. Tan Langwei believes that the Sino-U.S. Trade war situation has been suspended and the news has boosted the yuan to rise above 7. I believe the Hang Seng Index will support this week at the bull-bear level (about 27,465 points). However, he said that if there is no further news to stimulate, it is expected that there will not be a major market rise, at most it can be pushed up by 100 to 200 points at the current level.

Jinghuashan I: The trade war is far from over

China and the US reached a preliminary agreement, and the tariffs originally effective yesterday (December 15) were also cancelled. The United States pointed out that China agreed to purchase US $ 200 billion in additional US goods and services in the next two years, and the two parties will also begin discussions on the second phase of the agreement. Peng Weixin, head of the research department at Jinghuashan I, said that the next phase of negotiations is expected to be more difficult and the trade war is far from over. He said that if it was absorbed at the HSI’s low of 26200 points earlier, it is definitely the time to ship, so it is not surprising that there is a selling wave this week.

Peng Weixin also said that the Hang Seng Index can be expected to reach 28,200 points, but it is estimated that it will be difficult to achieve this year. Last Friday, the percentage of blue-chip stocks in the market rose to more than 40% of the market, compared with about 30% of the previous short market. However, it is now the end of the year, and it is estimated that large-scale investors have also “closed”. At this moment, it may not be possible to raise on the blue chips, so it is expected that the HSI will be difficult to push up for a while. He also said that the uncertainties of the Sino-US trade war are still in general. It is not recommended to open new positions or chase stocks for the time being. If you intend to buy stocks, you must “fight fast.”


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