Before the official launch of the thirteenth round of high-level economic and trade consultations between China and the United States, a number of rumors emerged to influence the performance of the market
In the morning, it was reported that the recent Sino-US vice-ministerial negotiations had not made progress on key issues. Hong Kong stocks plunged 160 points after opening 57 points lower yesterday, and then sent out US research on the earlier exchange rate agreement with China. As part of the preliminary agreement on trade talks, the United States will allow some companies to supply to Huawei, and the news has driven the market to rise. The Hang Seng Index rose 126 points in the afternoon and peaked at 25809 points. However, the tail segment had a retreat. The market closed only 25 points (0.1%) and closed at 25707 points. The H-Share Index rose 49 points (0.48%) to close at 10218 points. The main board turnover was 79 billion yuan, less than 80 billion yuan for two consecutive days.
At 1:30 in the morning, the Hang Seng Index reported 25,899 points, up 90 points, and high water 191 points. The ADR Hong Kong stock index was at 25,821 points, 114 points higher than Hong Kong.
Taikoo, the market sees 70 yuan, eight years low
Yesterday, there were over 100 stocks, the market once saw a 52-week low, Hang Seng (00011) fell 1.1% to a two-year minimum of 158 yuan; Taikoo A (00019) fell to 70 yuan in intraday trading, hitting an eight-year low, closing slightly It rose 0.4% to 70.55 yuan. The short-selling ratio of the main board to the market fell to 12.8%, the smallest in almost three weeks. The United States allowed some companies to supply Huawei with products that are not related to national security, stimulating mobile phone equipment stocks and 5G related stocks. AAC (02018) and Haoyu (02382) were 6.3% and 4.2% respectively, which were the best performing blue chips; Qiu Ti (01478) also exceeded 7%, ZTE (00763) and Synergy (01613) Pump up half a turn.
The A-share market continued to improve, and the holiday rose after three consecutive days
The Shanghai Composite Index rose 22 points (0.78%) to close at 2,947 points; the Shenzhen Composite Index hit 131 points (1.38%) and closed at 9638 points. The transactions between the two cities increased by 15% on a daily basis to RMB 420.5 billion. In terms of capital flow, A-shares took a slight investment yesterday, and foreign capital bought a net of 140 million yuan of A shares through Shanghai and Shenzhen stocks. On the other hand, Beishui continued to surge in Hong Kong. Last year, 2.09 billion yuan of funds were followed by “Hong Kong Stock Connect”. Hong Kong stocks.
Everbright Securities strategist Wu Lixian expects that the market will continue to be weak before the end of the year, because the market is increasingly sensitive to local political factors, but the demonstration conflict is difficult to quell in the short term, plus the Sino-US trade war and economic downturn, etc. The city maintains a cautious attitude before the end of the year, and the Hang Seng Index is expected to repeatedly test the level of 24,500 to 25,000 points. In the short-term, the Hang Seng Index may fall further this month and approach the important support level of the 25,000-point mark, or rebound.