Entering October, Hong Kong experienced an extraordinary third season, the social atmosphere was unstable and the stock market trend was not clear
Hong Kong stocks were the last trading day of the third quarter on Monday. Under the positive news that China’s official and Caixin PMI performance was better than expected in September, the Hang Seng Index opened lower and closed back to the 26,000 mark. Some market participants believe that social events have led to a worsening business environment and negative views on the fourth quarter.
The National Bureau of Statistics announced that China’s manufacturing purchasing managers’ index (PMI) rebounded to 49.8 in September, up 0.3 percentage points month-on-month, higher than market expectations. As for Caixin China, the PMI rose to 51.4 in September, up 1 percentage point from August. , far above the market expectation of 50.2, reflecting the improvement in manufacturing conditions.
Hong Kong stocks opened 110 points lower this week, and the previous period has expanded to 168 points, see the all-day low of 25,786 points
Subsequent buying emerged, gradually narrowing the decline and rebounding. At noon, the maximum price was 206 points, and the high was 26,161 points. In the afternoon, Hong Kong stocks held steady at 26,000 levels, closing at 26,092 points, up 137 points or 0.5%, with a turnover of 73.3 billion yuan.
In the whole month of September, the Hang Seng Index rose 367 points or 1.4%. From July to September, the Hong Kong stock market plunged 2,450 points or 8.6%, and the high and low volatility reached 4,108 points.
In China’s stock market, the National Day holiday financial market is closed until the next trading day, and the two-way trading of Shanghai-Shenzhen-Hong Kong Stock Exchange will return to normal next Tuesday.
On Wednesday night, the three major US stock indexes rose 0.4% to nearly 0.8%, but the Hang Seng Index did not follow the night. The October futures index closed at 25,983 points, down 59 points or 0.2%, with 109 points of low water and only 15,000 transactions. .
Guo Sizhi: Not optimistic in the last quarter
Guo Sizhi, CEO of Difeng Securities and Asset Management, said that the lethality of the business environment caused by the social events gradually emerged in the fourth quarter, so he had a negative view on the fourth quarter, while the first quarter of next year was conservative. Guo Sizhi said that the Hang Seng Index has continued to repeat in the past period and has fallen below all average moving lines. Even if it rebounds in the short term, it is also a technical draw. He bluntly said that the damage to the real economy affected the attitude of the funds entering the market. If this year fell below 24,896 points, the next defensive base will be 24,540 points in October last year.
As for the United States to pass the Hong Kong Bill of Rights and Democracy, some officials may be sanctioned. He believes that the incident must have an impact and the economy is worse. He bluntly said that Hong Kong’s own problems will not be resolved in one day and will have an impact on the economy one day.