Hong Kong stock Hong Kong stocks opened its first show in October and fell again, but it still failed to get rid of the emotional pressure caused by the sharp drop in U.S. stocks . So what will happen to the market after the holiday? In addition, Hong Kong stocks will also be closed tomorrow due to the Double Ninth Festival, so they are basically watching the performance of the external stock market. Da Ge reminded me that there are still variables in the market, and the expectation of a good start after the festival is not pessimistic.
Today, Hong Kong stocks fell 0.83%, real estate led the rise, finance and technology stocks led the decline, among which the A50 futures index also fell 1.03%, which is considered a drag in the Asia-Pacific market. However, it is worth mentioning that the Nikkei 225 index bottomed out and rebounded and closed the long positive line, almost regaining the lost ground last Friday. Unfortunately, it was a pity that the data was negative after the market, so it depends on whether the strength can continue tomorrow.
Here we briefly talk about the reasons for the adjustment of Hong Kong stocks. There are two main reasons:
1 is the repeated exchange rate , credit Swiss will burst, and a big boss’s reduction in holdings of Postal Savings Bank and other negative news has come, and market concerns have intensified, so Hong Kong stocks and major financial companies have suffered a bloodbath. After all, there was no substantial positive news on the weekend, and it was still protected by warnings and threats. The marginal effect would decrease. Coupled with the hawkish remarks of US stocks on Friday, the exchange rate was supported, and the expectations were disappointing, and the market was recurring.
The second is to tighten and increase the economic recession, putting pressure on growth stocks. Tesla delivery volume in the third quarter was lower than expected, and its stock price had fallen by more than 4%. Affected by this, Chinese stocks listed in the list and concept stocks related to automobiles fell collectively, and the Hang Seng Technology Index once again dragged the ball down.
As for the closing of the Asia-Pacific market, European stock market opened fell sharply, which was also due to the fact that the manufacturing data was not as good as expected. Fortunately, the market began to gradually stabilize and rebound, and the US futures index remained stable overall during the session, and market sentiment was expected to recover.
Of course, this is mainly because there is good news in the market. After the US silence period ended, although the market was still "a eagle song loudly", as global stocks and bonds suffered a triple kill, the Bank of England urgently entered the market to rescue the market, and South Korea and Japan were also taking active actions. The outside world has begun to have some expectations for the future softening of the Federal Reserve's policy, and bet that interest rate cuts may arrive early in the fourth quarter of next year.
In addition, many officials within the United States have paid attention to the issue of how to balance policy and the economy, as well as the risk of excessive policy tightening. After all, the European and American stock markets are still very coordinated, and we must also prevent the risk of European economic recession spillover and affect the US stock market. In addition, non-agricultural data were released this Friday. Under the interference of multiple factors, the US will reach a critical point in the process of raising interest rates, forcing decision makers to relax policies.
overall, the factors that affect the sharp drop in Hong Kong stocks are temporarily lacking in sustainability. After all, European stock markets have also bottomed out and rebounded, and Nikkei Index still rose sharply. And today is Monday, so everyone doesn’t need to panic or worry too much. We can continue to watch the dragon and tiger fight. As for the same sentence, as long as the external market does not fall sharply this week, it is still worth looking forward to the good start of A shares after .
As for performance after the holiday, if the negative news of the big financial sector continues to ferment, it is not ruled out that there is a possibility of a 3000-point integer mark during the session. However, under the stimulation of the positive effects of real estate, there should be differences between and hedging . In addition, Big Finance itself is the base of a certain team, and Hong Kong stocks have foreign capital to target them. A-shares should be much more resilient and resistance to declines, which can still be guaranteed.
Overall, the current bottom-finding journey of A-shares has lasted for three months. As the interference and impact effects of exchange rate and geopolitical events weaken, we are still optimistic about the bottom-finding and rebounding pattern of Big A in October. In terms of direction, we mainly pay attention to the expected increase in third-quarter performance and the low-priced buying opportunities of undervalued value stocks, and support high-growth varieties to pay attention to the opportunities of oversold rebounds.
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