Last night, European and American stock markets rose across the board, with the British stock market rising at 0.90%, the German stock market 1 rising 1.70%, and the French stock market 1.83%. US stock soared, with the Dow Jones Industrial Average rising by 1.86%, Nasdaq gaining by 3.43%, Chinese stock rebounding stronger, and the Chinese Internet Index ETF gaining by 4.02%.
U.S. stocks rose sharply last night mainly because of two things:
first, the new British Chancellor of the Exchequer Hunter overturned "almost all tax cuts", the financial situation in the UK eased, the pound pound appreciated significantly against the US dollar, and the corresponding dollar index fell sharply.
Before British Prime Minister Tras launched a very radical tax cut plan, causing the UK financial market to collapse and the pound to depreciate significantly against the US dollar. According to Global Network and CCTV News, on the evening of October 17 local time, British Prime Minister Tras apologized to the members at a meeting with some Conservative MPs, saying that the government he led made a mistake in formulating a "mini budget".
second. The New York Fed manufacturing index released by the United States last night was -9.1, with an expected value of -4, and the previous value was -1.5, which was significantly lower than expected, indicating that the prosperity of the US manufacturing industry is declining sharply, and signs of US economic recession are becoming more and more obvious. The restriction of the Federal Reserve's interest rate hike is also increasing.
is stimulated by the decline of the US dollar index and the sharp rise of US stocks. Today, the Asia-Pacific stock market opens and generally strengthens. I won’t talk about the Japanese stock market and the Korean stock market. Hong Kong stock Hang Seng Index opens and rises nearly 2%, Hang Seng Technology Index rises more than 2%, and A shares also opens higher.
But strangely, after the opening of the Hong Kong stock market, the straight line of plunged , and the A-shares also weakened slightly. We have read international news and there is no big negative news. The US dollar index, offshore RMB have also remained basically stable. Although the Japanese stock market and South Korean stock market have also plunged, the amplitude is not as large as that of Hong Kong stocks.
Hong Kong stocks may simply be that Hong Kong stocks have become a bad market for foreign capital to short . Today, foreign capital continues to flow out of A-shares, and I believe that foreign capital in Hong Kong stocks is also selling. The liquidity of Hong Kong stocks is far inferior to that of A-shares. Hong Kong stocks are a market for foreign capital pricing. If foreign capital sells, Hong Kong stocks will be under great pressure.
As for A-shares, they did not rise sharply with US stocks because the pace of A-shares and US stocks is the same. US stocks fell sharply last Friday, and A-shares rose yesterday. Shanghai Composite Index has been for five consecutive positive . There are many floating profits in the middle. There are funds taking advantage of the positive news of the US stock market's surge to make profits, so A-shares opened high and fell back.
In addition, the third quarter GDP data and September economic data were originally released today, but it was not released. The market rumors were delayed, which may have an impact on market sentiment. Is the GDP data in the third quarter lower than expected? This may also be the reason for the outflow of foreign capital. Foreign capital did not participate in this round of A-share rebound, and foreign capital's expectations for the domestic economy may not be clear.
Specifically, the Shanghai Composite Index fell slightly by 0.08, the ChiNext Index rose by 0.58%, the Science and Technology Innovation 50 fell by 0.31%, and the northbound funds sold a net of 1.614 billion.
Among them, traditional Chinese medicine, automobiles, medical care, new energy vehicles, photovoltaics, etc. led the rise, while computers, semiconductors, real estate, infrastructure, etc. led the decline.
Although A-shares have increased their volume in the past two days compared to before the festival, there is still a lot of gap from trillions of dollars and still belongs to the stock market. The stock market is the sector rotation . Xinchuang, which was stronger two days ago, led the decline today, but Medical Science has always been very strong, and funds may recognize the logic of medical new infrastructure.
risk warning:
stock market is risky, investment should be cautious. This article does not constitute investment advice, readers need to think independently.
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