According to news on December 6, U.S. stocks closed down on Friday, with technology stocks leading the decline. At the opening today, the Hang Seng Index (23435.111, -331.58, -1.40%) opened 1.46% lower, and then the decline narrowed. As of midday closing, the Hang Seng Index fell 1.26% to 23,466.39 points; the State-owned Enterprises Index fell 1.56%, and the Red Chip Index fell 0.21%.
Hang Seng Technology Index (5753.37, -172.15, -2.91%) fell 2.74%, Ctrip fell 11.55%, Alibaba fell 5.36%, Baidu fell 4.55%, and NetEase fell 5.02%.
Tobacco concept stocks fell, with Smore International falling 7.63%, China Burton (4.58, -0.35, -7.10%) falling 7.1%, and Tianchang Group falling 4.55%.
Online education stocks fell, with Excellence Education Group (0.41, -0.07, -13.68%) falling 13.68%, New Oriental Online falling 6.33%, and New Oriental falling 6.92%.
Evergrande concept stocks fell, China Evergrande (1.95, -0.30, -13.33%) fell 12.44%, Hengteng Network (3, -0.22, -6.83%) fell 4.66%, and Evergrande Automobile (3.19, -0.08, -2.45%) fell 2.45%.
Biopharmaceutical Class B stocks fell, with Qiming Medical falling 16.48%, Connoya falling 12.91%, and Kangfang Biologics falling 10.14%.
Auto stocks fell, with Li Auto falling 10.77%, Xpeng Motors falling 7.09%, and Wuling Motors (1.8, -0.10, -5.26%) falling 5.26%.
Chinese brokerage stocks rose, GF Securities (15.16, 0.80, 5.57%) rose 5.57%, CITIC Securities rose 5.4%, Orient Securities (7.22, 0.26, 3.74% ) rose 4.02%.
The concept of rare earths rose, China Rare Earth (0.9, 0.13, 16.88%) rose 16.88%, China Aluminum Corporation (4.11, 0.24, 6.20%) rose 6.46%. On the news, the media quoted people familiar with the matter as saying that the mainland has approved the establishment of the world's largest rare earth company. This move is aimed at maintaining its dominant position in the global supply chain of rare earths. The new company will reportedly be named China Rare Earth Group and could be established in the resource-rich Jiangxi province as soon as this month. The company was established by merging the rare earth assets of several state-owned enterprises, including China Minmetals, Chalco and Ganzhou Rare Earth Group.
Luoyang Glass A shares hit the daily limit, and H shares rose 11.39%. The company recently announced that its holding subsidiary Qinhuangdao Northern Glass Co., Ltd. plans to invest in the construction of solar photovoltaic cell packaging materials projects. The project is located in the Yaohua High-tech Industrial Park in the east factory area of Qinhuangdao Economic Development Zone. The specific construction content is: building a 1200t/d (one kiln and five lines) solar substrate production line and five deep processing production lines. Supporting construction of power supply and distribution systems, compressed air stations, water supply and drainage systems, waste heat power generation systems, desulfurization, denitrification and dust removal systems, water treatment and circulating water systems and other public auxiliary projects. The total construction period is estimated to be 16 months. The total investment amount of the project is approximately RMB 1.185 billion (the same below), including construction investment of RMB 1.141 billion and interest during the construction period of RMB 13.33 million.
Wanda Hotel Development (0.34, 0.03, 9.68%) rose 9.68%. On November 29, Dalian Wanda Commercial Management Group Co., Ltd. announced the public issuance of 2020 corporate bonds (fourth issue) in 2021 Interest payment announcement. Dalian Wanda Commercial Management Group Co., Ltd.'s public issuance of 2020 corporate bonds (the fourth issue) will start paying interest from December 4, 2020 to December 3, 2021 on December 6, 2021. The abbreviation of this bond is "200,000 04". The total issuance scale is RMB 1.5 billion. The bond has a term of 4 years, with the issuer's option to adjust the coupon rate and the investor's sell-back option at the end of the second year; the interest date is 2020 December 4th. The coupon rate of this bond (annual interest rate) is 6.00%, the face value of each lot of this bond is 1,000 yuan, and the interest distributed is 60.00 yuan (tax included).
Expert opinion:
Louis, senior analyst at Huasheng Securities: The U.S. Department of Labor announced that 210,000 new non-agricultural jobs were created in November, far less than the 550,000 expected and the revised 546,000 in October. It also hit the smallest increase since December 2020. The unemployment rate fell back to 4.2% in the same month, slightly beating expectations of 4.5%. It fell to the pre-epidemic level for the first time and also recorded the smallest increase since February 2020. The employment data released was slightly worse than expected, but investors seemed to focus more on the Federal Reserve's reduction in bond purchases or the pace of raising interest rates than on the data. The three major U.S. stock indexes all opened higher in the morning, with the Dow rising by up to 161 points, the S&P and Nasdaq rising by up to 30 points and 89 points respectively. Subsequently, there was selling pressure on technology stocks, and the stock market fell back. The Nasdaq fell by up to 450 points, the Dow Jones Industrial Average fell by 375 points, and the S&P also fell by 81 points. Before the market closed, it closed most of the losses.
Following the sharp decline in the U.S. stock market last Friday, the Hang Seng Index fell at night, falling as much as 465 points, and finally closed with a drop of 405 points. After opening lower in the morning, the decline further expanded to a maximum loss of 398 points, with the Hang Seng Index reaching a low of 23,367. Subsequently, there were buying orders to take advantage of the low, and it once narrowed down to only 138 points, with the Hang Seng Index reporting at 23,628. Earlier (388), the Hong Kong Stock Exchange revised and relaxed the requirements for secondary market listings, mainly to optimize and further streamline the listing system for overseas issuers. It will be more convenient and easy to attract more Chinese stocks listed in the United States to return to the Hong Kong Stock Exchange (463.2, 12.40, 2.75%) for secondary market listing. According to data, the total market value of Chinese stocks listed in the United States exceeds HK$11 trillion. There are approximately 37 companies that meet the requirements for return to listing, with a total market value of nearly HK$2 trillion. The news was good for (388) Hong Kong Stock Exchange, and the stock price reached as high as HK$468.80 in the morning.
After the Shanghai and Shenzhen stock markets opened slightly higher in the morning, they fell back and fell slightly, and then rebounded and rose again. The Shanghai Composite further extended its gains and closed at a near high. The Shenzhen Stock Exchange only hovered around gains and losses, and finally closed with a slight gain of 23 points. The GEM opened lower in the morning and rebounded slightly, but under heavy selling pressure, it fell back again and closed at a near low. The Shenzhen Stock Exchange recently announced that it has just entered the fifth anniversary of Shenzhen-Hong Kong Stock Connect. During the year, the scale of southbound purchases of Hong Kong stocks via Shenzhen-Hong Kong Stock Connect exceeded 360 billion yuan. During the same period, the southbound funds from the Shanghai-Hong Kong Stock Connect were only 104.5 billion yuan. Exceeded by 2.45 times. Since its opening, the cumulative total has reached 42 trillion yuan, an increase of nearly 95% year-on-year. During the same period, foreign investors purchased 33.7 trillion yuan of A-shares through Shenzhen-Hong Kong Stock Connect, an annual increase of more than 1.04 times. So far, foreign investors hold a total of mainland stocks with a market value of more than 1.3 trillion yuan. Shenzhen-Hong Kong Stock Connect has become an important development in the stock markets of the two places. Following the opening of stocks and bonds, the official agencies of the two places are currently studying and discussing the feasibility of opening futures.
sina.com
