Today, affected by the sharp drop in US stocks, the market risk aversion sentiment heated up again, and northbound funds sold a net sale of 13.519 billion yuan, the largest net sale in three months. Among them, , Shanghai Stock Connect sold a net sale of 8.015 billion yuan, and Shenzhen Stock Connect Net sale of 5.504 billion yuan.
According to the latest news, Fed interest rate futures show that the Fed has a 30% chance of hiking interest rates at the June meeting hiking interest rates 75 basis points; there is an 83% chance of hiking interest rates 75 basis points in July.
Under this expectation, U.S. stock star technology stock fell sharply before the market, Nvidia fell nearly 5.5%, Amazon fell nearly 5%, Tesla fell nearly 4.5%, Netflix fell nearly 4%, and Google A fell nearly 3.3%.
The three major U.S. stock indexes also suffered heavy losses before the market opened. As of press time, the Dow Jones Industrial Average fell more than 1.7%, the Nasdaq fell 2.7%, and the S&P 500 index fell more than 2%.
In Europe, important indexes in Britain, France and Germany have fallen one after another.
China's economic data is strong without fear of the impact of high inflation in the United States
Last weekend, the U.S. Department of Labor released data showing that in May, the U.S. Consumer Price Index (CPI) rose by 8.6% year-on-year, a 40-year high, which may push the Federal Reserve to extend the aggressive rate hike cycle . On that day, the Dow Jones Index plummeted by more than 880 points, and the Nasdaq Index plummeted by 3.52%.
Huatai Securities' research report commented today that after the US's exceeding expectations of CPI data for May, the latest data on federal funds rate futures implies the expectation of 52 basis points, 56 basis points and 48 basis points respectively in June, July and September. It is still a high probability event for the Federal Reserve to raise interest rates by 50 basis points in June and July, and the market expects that the probability of continuing to raise interest rates by 50 basis points in September has increased; it is expected that the total interest rate hike this year will rise to 300 basis points (based on a 25 basis point, about 12 interest rate hikes).
The market expects the Federal Reserve to raise interest rates by radically and hike , which will lead to a weakening of US stocks and will also be partially transmitted to A-share market . However, a series of macro data released in China last week showed that as the epidemic prevention and control situation continues to improve, macro policies were introduced intensively, and measures to help enterprises alleviate difficulties were accelerated. The overall financial data in May increased beyond expectations, and some data hit recent highs.
html In May, domestic CPI rose 2.1% year-on-year; RMB loans increased by 1.89 trillion yuan, an increase of 392 billion yuan year-on-year; the increase in social financing scale was 2.79 trillion yuan, 839.9 billion yuan more than the same period last year; high-frequency data such as blast furnace operation rate and daily coal consumption have all rebounded. The market generally expects that financial data may continue to perform strongly in June.CICC said that from the perspective of the external environment, the A-share market will soon enter a new volatile pattern from the "gold pit" at the end of April. The correction of short-term economic recovery progress and the strengthening of US stagflation expectations have all suppressed the further upward attack of A shares . Of course, these factors are not completely unexpected new impact factors in the market. At present, the market does not have the conditions to return to the bottom of the "golden pit". Therefore, investors can consider the tone of the volatile market structure, and should not easily chase highs, and can be laid out at low levels, focusing on growth stocks with certain performance growth and some resources and consumer goods with the ability to increase prices.
Northbound funds favor new material stocks
Northbound funds' large net selling today is only affected by the sharp drop in US stocks in the short term. The profit-seeking operation of some short-term funds will not affect the long-term trend of inflows into A-shares.
Judging from the top 20 active stocks in northbound funds today, Yili shares received a net purchase of of more than 600 million yuan against the trend, Changan Automobile received a net purchase of more than 400 million yuan, Huichuan Technology and Weichai Power also received a net purchase of 370 million yuan and 293 million yuan respectively. Kweichow Moutai was net sold for 1.06 billion yuan, WuXi AppTec was net sold for 969 million yuan, China Merchants Bank , Ganfeng Lithium , etc. were also net sold for over 100 million yuan.
Judging from the after-hours Dragon Tiger List , northbound funds prefer new material stocks. Data shows that the Shenzhen Stock Connect special seats are both Lianhong Xinke Buy One and Sell One, with 189 million yuan, 144 million yuan, and a net purchase of 45.52 million yuan. In addition, buying 2 and buying 3 are both dedicated seats for institutions, with 97.16 million yuan and 94.1 million yuan respectively. The total net purchase of the top five seats in the first five seats was 258 million yuan. Due to the large net purchase of Shenzhen Stock Connect, the top five seats in the first five seats were 1.13 million yuan.
Since the beginning of this year, favorable policies in the field of renewable energy have been released intensively. In the field of photovoltaic , for photovoltaic grade EVA resin with an import dependence of up to 65%, Lianhong New Technology has made key investment layouts during the "14th Five-Year Plan" period, and will build upstream vinyl acetate and other projects to achieve self-sufficiency of raw materials.
Lianhong New Technology has been rising sharply recently, with daily limits rising several times since its April low of 16.88 yuan. It closed at 35.01 yuan today, and rose more than 1 times during the period. After the closing of today, Lianhong Xinke issued an announcement on stock movements, saying that the company's production and operation are normal, the production and sales of major products are both prosperous, and the projects under construction are all promoted as planned, and there are no major changes in the internal and external operating environment.
Huaxin Securities expects that EVA photovoltaics will still be in short supply for a period of time, and domestic substitution will continue to advance, and it is expected that it will maintain a high prosperity and good profitability for a considerable period of time in the future. In addition, Lianhong New Science's industrial chain continues to extend, laying out the biodegradable plastics and new energy materials industry chains, and is optimistic about its platform development in the long run.
