Global economy is uncertain. Experts suggest that cash is king

Global economic growth is weak and the trade environment is unstable

All kinds of factors have pushed global stock markets into a new round of adjustment. Hong Kong is affected by continued social activities. Hong Kong stocks are harder to be independent. The 25,000 mark has not escaped. This expert advises investors to rebound and reduce their holdings of stocks and increase the proportion of bonds or cash.

Hang Seng Index fell for four consecutive weeks

Hong Kong stocks showed a small ups and downs. On the 16th, the market closed 238 points, closing at 25,734 points, with a full-day volatility of nearly 500 points and a turnover of 91.5 billion yuan. Although it has risen for three consecutive days last week, it has not recovered the tragic situation on Tuesday. The weekly HSI has fallen more than 200 points, and the bill has fallen for four weeks, and the trend is weak.

A few days ago, the Hong Kong Government sent a total of 19.1 billion yuan of sugar. The market rose for three consecutive days, led by real estate stocks. New World Development (0017) rose 6.33% to close at 10.42 yuan. Sun Hung Kai Properties (00016) rose 3.64% to close. Reported at 116.8 yuan; Changshi Group (01113) rose 2.1%, closing at 53.6 yuan; Henderson Land (00012) rose 2.27%, closing at 38.25 yuan. In addition, public and rent-collecting stocks have an ideal performance. MTR Corporation (00066) rose 2.11% to close at 48.3 yuan; Link Real Estate Fund (0823) rose 2.38% to close at 92.6 yuan; Hysan Development (0014) rose 2.23 %, closing at 34.45 yuan; in contrast, Tencent Holdings (0700) fell 1.21%, closing at 326.4 yuan; HSBC Holdings (0005) fell 0.53%, closing at 56.5 yuan.

A number of negative factors have plagued the market

Leung Chun-hui, head of Standard Chartered Wealth Management Investment Strategy, believes that there is no catalyst for Hong Kong stocks to rise. However, some high-yield stocks such as housing and real estate stocks have already digested most of the selling pressure. This has caused the HSI to avoid another sharp fall in the short term. It is estimated that last week’s low of 24,899 points is the recent support level. Shen Zhenying, chief executive of Xunhui Securities, believes that the HSI has fallen more than 3,300 points in just a few weeks. It is technically oversold. It is expected that the market will rebound in the short-term, but after the rebound in late August, it is still weak in September.

Others in the securities industry admit that at this stage, Hong Kong stocks continue to be attacked by domestic and foreign factors. On the one hand, Hong Kong’s economy has already sounded a recession warning. On the other hand, the external political economy is full of haze, including Sino-US trade war, Japan-Korea trade war, and beauty. Han Junyan, North Korean weapons test, British hard-off Brexit, Argentina crisis, Italian election campaign, etc. Many factors have led to the phenomenon of long-term bond reversal in many countries and the renminbi has not stopped falling, which has further triggered investors’ worries that the economy will fall into recession. In terms of investment strategy, experts suggest that investors should rebound and timely reduce the holdings of Hong Kong stocks, while increasing the proportion of bonds or cash, and rationally adjust the ratio to hedge.


Main page                                                                                                 Next page

發佈留言

發佈留言必須填寫的電子郵件地址不會公開。 必填欄位標示為 *