The market is hoping that the United States may postpone a new round of tariffs on imports from China
Hong Kong stocks are free of soft leather for two consecutive days. The Hang Seng Index rose 208 points on Wednesday to close at 26,645 points. It also weighed more than 10 days, 20 days, and 100 days. Moving average. Tencent Holdings (00700) did a good job for five consecutive trading days. It rose another 0.95% yesterday to close at 340 yuan, and it rose 3.46% on the fifth day.
Pan Guoguang, the first vice president of Fubon Bank (Hong Kong), expects the global stock market to do well in the first quarter of next year.
The Hang Seng Index fell 72 points on Wednesday morning, but has already turned around and recovered. It has risen up to 223 points in the afternoon, reaching 26,659 points. The state-owned enterprise index also went low first and then high, once rising 122 points, and still closed 107 points higher at 10,502. The total turnover of Hong Kong stocks was 74.5 billion yuan, the short-selling amount was 10.746 billion yuan, and the short-selling ratio was 14.46%.
CCB favored, Ali rebounds
On Wednesday, the Hong Kong Stock Connect made a net purchase of nearly 1.638 billion yuan, a net purchase for consecutive trading days. Among them, China Construction Bank (00939) continued to be the target of “North Water” cargo purchase, with a net purchase of 376 million yuan.
HSI crosses three moving averages
Yesterday, there were more than 900 stocks. Among them, Alibaba (09988) ended the weakness of “two consecutive losses”, and rose 1.13% yesterday to close at 197.6 yuan.
Pan Guoguang, the first vice president and head of investment strategy and research at Fubon Bank (Hong Kong), said that the Sino-U.S. Trade disputes have been repeated, and the United States has deferred the chance of imposing tariffs on Chinese imports up to 60% in the middle of this month. Although trade talks continue to touch market sentiment, it is believed that central bank policies still dominate the stock market.
Fubon rushes 28000 next season
He believes that driven by the central bank’s continued easing measures, it is expected that the global stock market will do a good job in the first quarter of next year. In the first quarter of next year, the Hang Seng Index can be expected to reach 28,000 points. In the fourth quarter, it can reach 30,000 points. Stocks can look high.
Huang Yaozong, fund manager and chief investment strategist of LW Group, said that Hong Kong’s economy has entered a cold winter, and the number of visitors, retail sales, and economic growth have all fallen sharply. In the first half of next year, the HSI is expected to rise and fall between 23,000 and 29,500 points.
He also said that the Chinese economy has shown signs of bottoming out, but Sino-US relations are still the biggest uncertainty factor in the economic recovery. It is expected that China’s economic growth next year will range from 5.7 to 6.1%. As for the global economy, it is expected to show an L-shaped bottom trend, and it is unlikely to pick up significantly in the short term. The bank is optimistic about the concepts of cloud computing, blockchain, and health care.
However, Hong Kong stocks’ American Depositary Receipts (ADR) developed individually in the early part of Wednesday. HSBC Holdings (00005) reported 57.89 yuan, which is 0.16 yuan lower than Hong Kong’s closing price. Refers to a drop of 88 points.