Hong Kong stocks US stocks adjust for a week

Hong Kong stocks US stocks adjust for a week

Which industries have resumed the epidemic?

Come to Sina University of Finance and listen to the opening column of the Trading Day Financial Morning Post.

  Original title: Hong Kong stocks US stocks adjust for a week, emotionally adjust where A shares go. The week from February 17 to February 21, A shares investors continue to be excited, and transactions have exceeded the trillion mark for several consecutive days, driving the GEM stock market.The Shanghai Stock Exchange Index returned to more than 3,000 points after a new high. However, in the past week, US stocks have continued to adjust. The Hong Kong stock market, which is affected by both US stocks and A-shares, has also made repeated adjustments since the afternoon of the 17th.

  The main person believes 夜来香体验网 that the A-shares involved by retail investors are out of the independent market, while the Hong Kong stock market is more involved by institutions and affected by more overseas markets. Because of the new coronavirus pneumonia epidemic (hereinafter referred to as the “outbreak”)Proliferation worldwide, so the adjustment of the overseas market layout remains, whether A shares can continue to be independent market is controversial.

  Against the background of the overall adjustment of US stocks on Friday, important Chinese stocks such as Alibaba (BABA) and JD.com (JD) also experienced declines of more than 2.

With a 5% adjustment, Tesla (TSLA) grew 0 against the trend.

18%, Apple (AAPL) fell 2.

26%, the continued adjustment of the opening of Hong Kong stocks on Monday is almost sustainable, and the A-share related 深圳桑拿网 industry chain sector may also be disrupted on the opening of the market on Monday.

  In fact, in the past week, A-shares have not experienced a general increase. Some of the core assets of foreign holdings, such as home appliances, liquor, and real estate, have only been relatively limited. Some of them have continued to be sideways. It seemsAn intermediate route was chosen between A shares and the outer disk.

  Hu Yu, chief investment adviser of Hualin Securities, told the First Financial Reporter that the A-shares that started trading after the Spring Festival have been driven by the Tesla industry chain. Overall, the risks of the Tesla industry chain outweigh the opportunities.Look, the trillion-day trading volume generally cannot last for too long; shrinking, there is still room for adjustment in Hong Kong stocks, the Hang Seng Index may even have to test 25,000 points in the first half of the year, and the overvaluation bubble of U.S. stocks will burst at any time, and it will alsoAdjust the space.

  Hu Yu believes that in the short term, from the perspective of internal factors, it is still necessary to evaluate the performance of high-evaluation companies such as technology concept stocks, science and technology boards and ChiNext. From the perspective of external factors, U.S. stocks need to peak.Impact on A shares.

Although the probability of a short-term market slump may be small, more than some industry indexes continue to rise, and the expectation that the growth of high-estimation sectors will eventually lead to a test of performance confirmation or falsification.

  Wen Tianna, CEO of Broad Capital, told First Financial that the Hang Seng Index once fell below the 27,300-point mark on Friday. The Hong Kong stock market has formed relatively obvious selling pressure. Investors need to pay attention to the spread of the epidemic in the world and to the real economy.At present, foreign investors also have a certain wait-and-see attitude. The market is in an adjustment pattern, including large-cap stocks and technology stocks. Changes, transportation and aviation stocks are under pressure. Most Macau stocks have become entertainment venues and reopened.It is still in a wait-and-see state, and auto stocks have risen due to policy support and formed a bright spot.

As for the proportion of Hong Kong stocks, A shares have more retail investors participating in the market.

  Fan Jituo, a strategy analyst at New Age Securities, believes that the current high probability of A-share GEM turnover is unsustainable, but the possible volatility will not be too large, but it is similar to 2013 to 2014.Period fluctuations.

  On February 21, FTSE Russell (FTSE Russell) announced the quarterly adjustment results of its flagship index in February 2020.

This quarterly adjustment will increase the replacement factor of Chinese A shares from 15% to 25% as scheduled. The above changes can take effect before the opening on March 23, and the inflow of passive funds will be all before the closing on Friday, March 20.In place.

Hua Zhi Securities analyst Tan Zhiyong said that this is the first phase and third phase of the FTSE Russell A-share split arrangement, which is expected to increase passive funds by 28 billion yuan.