Hong Kong stocks have ushered in a long-lost surge! On October 5, Hong Kong stocks opened high and closed high, the Hang Seng Index rose 4.29% at the opening, and the increase further expanded. As of the midday closing, it rose 5.47%, up more than 930 points, recovering the 18,00

Hong Kong stock ushered in a long-lost big rise!

On October 5, Hong Kong stocks opened high and closed high, Hang Seng Index opened sharply and rose 4.29% after that, and the increase further expanded. As of the midday closing, it rose 5.47%, up more than 930 points, recovering the 18,000-point mark; the Hang Seng Technology Index rose 7.4%. In terms of the sector, charging pile concept stocks and lithium battery concept stocks led the rise. constituent stock Bilibili rose nearly 12%, and JD rose more than 10%.

In addition, China Ping An H stock rose by one point, and rebounded sharply since the 65-month low, the best intraday performance since March 17. BYD shares once increased by more than 10%, the first time since May 11. According to the news, the company's new energy vehicle sales exceeded 200,000 for the first time in September, an increase of 183.07% year-on-year, far exceeding market expectations.

Thanks to US stocks rose for two consecutive days, major Asian and Pacific stock markets rose in the afternoon, the Australian S&P 200 index rose 1.62%, New Zealand NZX50 index rose 0.67%, Nikkei 225 index rose 0.28%, and South Korea's comprehensive index rose 0.1%.

Hong Kong stocks rose madly

On October 5, Hong Kong stocks rose sharply, and both the Hang Seng Technology Index and the Hang Seng Technology Index rose. As of the midday closing, the Hang Seng Index rose 5.47%, up more than 930 points, regaining the 18,000 point mark; the Hang Seng Technology Index rose 7.4%, and in the sector, charging pile concept stocks and lithium battery concept stocks led the rise. component stock Bilibili rose nearly 12%, JD.com rose more than 10%, Kingsoft Software rose more than 9%, BYD Electronics, Sunny Optical Technology, NetEase, etc. rose more than 8%, Alibaba , Meituan , Baidu , etc. rose more than 7%.

On the market, Tencent concept stocks fluctuated higher, Tencent rose 5.53%, Zhihu rose 18.41%, Chuangyoupin rose 8.45%, WeMall rose 8.19%, Tencent Music rose 7.13%, and China Literature Group rose 6.76%.

sporting goods stocks rose collectively, Anta rose 9.37%, Li Ning rose 8.76%, and XP rose 7.49%.

domestic insurance stocks rose across the board, with Ping An of China rising 9.6%, ZhongAn Online rising 8.26%, and China Taiping rising 6.02%. In terms of automobile stocks, BYD shares rose 9.27%, Wuling Auto 7.33%, Ideal Auto rose 6.93%. On the news front, BYD Co., Ltd. disclosed its sales report card for September. In September, BYD's new energy vehicle sales were 201,300 units, an increase of 183.07% year-on-year. From January to September, BYD's cumulative sales of new energy vehicles were 1.18 million, an increase of 249.56% year-on-year. This data far exceeds market expectations, making BYD continue to rank first in the global sales of new energy vehicles.

In addition, on October 4, BYD announced that it had signed a cooperation agreement with global car rental company SIXT to provide new energy vehicle rental services for the European market. SIXT will purchase at least 100,000 new energy vehicles from BYD within the next six years. The vehicle will start delivering in the fourth quarter of this year, and the first phase of the cooperative market includes Germany, the United Kingdom, France, , the Netherlands .

In addition, FAW China resumed trading today, plunging by nearly 71% at the opening, and is now at HK$2.83, with a market value of HK$14.3 billion.

news, the latest information from the Hong Kong Stock Exchange shows that on September 27, BAILLIE GIFFORD CO reduced its holdings in FAW China by 153.84 million shares, with a price of HK$2 per share, with a total amount of approximately HK$308 million. After the reduction, the latest number of shares held is approximately 219 million shares, and the latest shareholding ratio is 4.33%. How to proceed in the future with

?

At present, many institutions believe that the bottom confirmation signal of Hong Kong stocks may have appeared.

CICC's strategy team said that before October, the overseas Chinese stock market continued to decline and had fallen overall for the fifth consecutive week. The sharp rise in the interest rate of US bonds and the sharp appreciation of the US dollar in 10 years caused global asset prices to fluctuate, including the weakening of the RMB.The RMB once broke through the 2019 low of 7.2 against the US dollar for the middle of the week, which in turn affected investors' risk appetite for and capital flows. In this environment, the Hong Kong stock market is usually more susceptible to external market volatility and RMB depreciation. Therefore, the Hang Seng Index fell to its historical low since 2011 last week, while the Hang Seng State-owned Enterprise Index fell to its lowest level since 2008. However, the scale of Hong Kong stock repurchase reached HK$17.6 billion in September, setting a record high in history. Historically, the significant increase in the scale of stock repurchase is usually a relatively reliable basis for the market to bottom out in the medium term.

The team believes that before a clearer policy signal appears, the market may be in a continuous consolidation in the next few weeks. At the current level, the market has greater room for upward than the risk of downward. Before this, the high dividend yield denominated in Hong Kong dollars stock may be a better choice for investors, and can provide downside protection and hedge against the negative impact of the depreciation of the RMB 4. In addition, high-quality growth stocks (such as sectors or targets where growth remains high or where profit reversals may be possible) may still be a better choice. In the medium term, the team judges that a market reversal may depend on the fulfillment of the following two factors: 1) The Federal Reserve slows down the pace of interest rate hikes; 2) There is clearer evidence that China's economic growth is getting rid of the trough.

Guosen Securities latest research report stated that in the next 1-2 months, the first thing to pay attention to is whether the slope of US interest rate hikes can stabilize. The team judges that inflation will not continue to exceed expectations, and it will give a clear answer to the market within 1-2 months. By then, the downward pressure on the RMB exchange rate , the downward pressure on the valuation of Hong Kong stocks and A shares will be significantly released. In combination with the fourth quarter, the end of China's economic cycle contraction, and the ROE of the Internet sub-sector of Hong Kong stocks has improved, and Hong Kong stock real estate will benefit from the improvement of the policy side. In addition, the continued increase in holdings of industrial capital and southbound funds, the bottom of Hong Kong stocks is expected to be confirmed. Guosen Securities recommends that investment directions focus on:

1, local life, games, short videos, Internet travel, e-commerce, and pharmaceutical e-commerce in the Hang Seng Technology sector; recommended pharmaceuticals and biology (especially biopharmaceuticals, medical devices and CXO, which have a high growth rate in the long run);

2. Real estate, especially property companies, the Hong Kong stock property index still fell by more than 70%, which has great flexibility in the marginal improvement of real estate policies;

3, telecom operators, domestic banks and other low-valuation and high dividends, utility stocks , or thermal power stocks with expected performance turning points.

4, domestic enterprises in food and beverages for meat processing, dairy products, beer and sports goods.

However, it is still important to note that the Fed's statement is still hawkish at present. On Tuesday, Federal Reserve Director Philip Jefferson said in public that it could take some time to lower inflation and the economy would fall below trend levels for a while. The day before, New York Fed Chairman John Williams also said that it will take time to reduce high inflation. The Fed's fight against high inflation has not yet been completed, and monetary policy has not yet had a restrictive impact on the economy.

Original title: National Day "Quick"! Hong Kong stocks exploded collectively, the Hang Seng Index rushed to close to 1,000 points, and the technology index rose sharply by more than 7%! These sectors soar together, are A-shares stable after the holiday?

Source: Securities China