Hong Kong stocks have a headway this week, but because the US Senate passed the “Hong Kong Bill of Rights and Democracy”, or affect the Sino-US trade war, the Hang Seng Index was weak on Wednesday and yesterday, almost erasing the increase on Monday and Tuesday
The Hang Seng Index opened lower at 302 points yesterday, seeing 26,587 points, eventually falling 422 points, the most intraday loss of 583 points, closing at 26,466 points; the H-Share Index fell 169 points, closing at 10,450 points. The total turnover of the main board was 75.4 billion yuan. The Hang Seng Index reported 26,495 points at 11:45 and 28 points at high water.
Trade wars are not scattered, related stocks are under pressure
Based on the trade war, the related sectors were under pressure. Sunny Optical (2382) fell 4.18% to close at 121.4 yuan, becoming the biggest blue-chip loser; both Ruisheng (2018) and Wanzhou (0288) fell more than 3%. Heavyweight stocks also fell. Tencent (0700) fell 1.85% to 329.4 yuan, while HSBC Holdings (0005) and AIA (1299) also fell more than 1%. Local stocks also fell, with Wharf Property (1997) down 3.5% and Hysan (0014) down 3.9%.
Bloomberg reported that Ping An Good Doctor (1833) shareholder Bangsuo Co., Ltd. reduced its holding price by 55 yuan per share and sold 20 million shares. The stock price plummeted 11.6% yesterday and closed at 51.9 yuan.
Yashiwei won the ant gold service shares
Yashiwei (1993) was awarded the ant gold service and researched the spin-off business. At most, it has more than doubled to 9.7 yuan, and closed up more than 19% at 5.59 yuan. In addition, Harmony Auto (3836) won the shareholding of Hengdi (0012) co-chairman Li Jiajie, and its share price rose 5.73% yesterday to close at 2.95 yuan.
Fu Long Securities Co-Director Tan Langwei said that the current market sentiment is affected by the Sino-US trade war. It is expected that it will be difficult to finalize the first-stage trade agreement or cause anxiety this year. However, he believes that the market is still entangled in Sino-US trade and the stock market crash is limited. In the short-term, if the Hang Seng Index stabilizes at 26,300 points and is in a horizontal pattern, the market outlook is expected to test 27,000 points.
As for the sector, Tan Langwei pointed out that the early rise of mobile phone stocks was only a wave of adjustments, but the market is not too pessimistic about the trade war, the stock price may not be under pressure, and it is worthy of absorption after the adjustment; Yashiwei has not been active, I believe it will be high. Going low, now sees the high position. Based on local social factors, he suggested avoiding local real estate and consumer stocks. In the short term, he is optimistic about property management, pharmaceuticals and other strong sectors, and auto stocks are also neutral preferences.