The US Trade Representative Office confirmed on Wednesday that it will raise the tariff rate of US$300 billion on Chinese imports from September 1 and December 15
However, investors have digested the news, the three major US stock indexes continued to rebound on Wednesday; as for the “ultimate death cross” of 50 antennas falling below 250 antennas on the Hong Kong stocks ending date, the market is in China to revitalize the economy, starting next month or four years. The company announced a rate cut, and the stock market in China and Hong Kong continued to stabilize. The HSI also closed at 88 points.
Sino-US trade war is fierce, and China’s economy is slowing down
Reuters expects China to cut interest rates next month, but in order to avoid putting too much interest rate cuts on banks, the market expects the initial rate cuts to be moderate, allowing banks to Adapted to the new loan pricing system.
The Hang Seng Index opened 9 points lower yesterday. In the morning, the decline has expanded to 220 points
See the low of 25,372 points in the whole day. In the afternoon, the market has even risen. It finally stabilized on the Hang Seng Index Day and closed at 25,703 points, up 88 points or 0.3%. The transaction was 78.87 billion yuan. As for the Shanghai and Shenzhen stock markets, it fell slightly by 0.06% and 0.16%, which has regained most of the day’s decline.
Pharmaceutical stocks support the Hang Seng Index, Zhongsheng Pharmaceutical (1177) announced its results on Wednesday night, net profit for the first half of the year increased 5.8% to 1.44 billion yuan, stimulating the stock price soared 9.8%, the best performing blue chip; the same industry stone medicine (1093) pumped 3.9 %, the increase is second only to the former. In addition, it was pointed out that many banks in the Mainland have received “window guidance” and will tighten the amount of real estate development loans from now on. It is expected that there will be relevant policies in the future. Evergrande (3333) sent a score sheet a few days ago, earning about 50% in the medium term, the stock price fell 5.9%; blue chip Country Garden (2007) fell 0.6%; China Overseas (688) and Rundi (1109) soft 0.2%.
In terms of Beishui, the Southbound Hong Kong stock market had a net inflow of 1.62 billion yuan yesterday, and CCB (939) had a net absorption of 450 million yuan; Tencent (700) recorded a net purchase of 300 million yuan in the south to Shanghai-Hong Kong Stock Connect; To Shenzhen-Hong Kong Stock Connect, there is a net profit of 220 million yuan.