Hong Kong stocks continued their weakness in September. The Hang Seng Index fell 222 points to the 25,500 mark
However, Tencent Holdings (700) held a 2% gain, closing down only 0.4% or 98 points to 25,626 points. Pharmaceutical stocks and coal stocks were supported by funds against the market. On the contrary, public stocks, which have always been regarded as safe havens, have experienced a decline in performance, and the real estate stocks have not been lifted out. The MTRs (066) were involved in the demonstration. It once blew nearly 4%, closing down 3.1%, reported 44 yuan, fell to more than half a year low.
Except for the MTR, the traditional utility stocks, the two coals and one coal and the Yangtze River Infrastructure (1038) all fell, with the long-term construction falling by 2.8%, falling to a four-year low, and fell by nearly 12% in one month. In addition, China Gas (003) fell 14% month-on-month, MTR fell more than 12%, CLP Holdings (002) and Power Industry (006) lost 7.2% and 6% respectively, all of which rarely underperformed the HSI in less than half of the same period. Decline.
In addition, property stocks continued to fall, Sun Hung Kai Properties (016) fell 2.8%, and Sino Land (083) plunged 5.4% to two and a half years, closing down 3.4%, being the worst performing blue chip, Wharf Real Estate (1997) It fell 4.2% at the most, and closed at 2.4% lower at 41.45, the lowest since listing in 2017. As for the housing stocks, there was no improvement. The leading housing stock (823) fell 2.1% yesterday.
Moto calls for the letter to Hysan, Nine Cang Real Estate, etc.
JPMorgan issued a report that, in view of the uncertainties in recent property stocks, and assuming that property prices and retail rents fell by 30%, office rents fell by 40%, and local property stocks were pressure tested, thus downgrading some property stocks to " “Reduce”, including Shun Hing, Hysan Development (014), Swire Properties (1972) and Wharf Property, maintaining “overweight” ratings including New World Development (017), Cheung Kong Holdings (1113) and Henderson Land (012) ), Wharf (004), Hang Lung Properties (101) and Link Exhibition. On the contrary, pharmaceutical and coal stocks were favored, and Shijiazhuang Group (1093) 2%, together with China Shenhua (1088), which rose 3.7%, became the best blue-chip performer. As for the Tencent market, the company repurchased shares for 4 consecutive days yesterday, involving 110,000 shares, ranging from 326.4 to 331.4 yuan per share, involving RMB 36,296,600. Together with 3 trading days last week, it has invested more than 150 million yuan on the 4th. Yuan repurchase.
Caixin Manufacturing PMI Baojie A shares rose 1.3%
Caixin’s China Manufacturing Purchasing Managers’ Index (PMI) rose by 0.5 to 50.4 in August, surpassing expectations. It is above the 50-year-old demarcation line and sees a five-month high. During the period, new export orders were in the contraction interval for three consecutive months, seeing an eight-month low, but the new orders index fell slightly, reflecting that domestic demand improvement has made up for further decline in exports.
A-shares reported that the Shanghai Composite Index closed up 1.3% or 37 points to 2,924 points. The Shenzhen Component Index rose 2.2%; the Growth Enterprise Index was 2.6%. However, the renminbi has not stopped falling. It has fallen 200 points against the one-dollar renminbi yesterday, reported 7.1765, lost 7.17 mark, and re-created a new low of 11 years after February 15, 2008; the FOB price was forced to 7.18, low 7.1794, down 0.2%.