The rumors of the ban on the market and the consumption, industry and investment data of the Mainland’s “three-horse carriage” were all worse than expected
The Hang Seng Index failed to stop falling. It fell 741 points in two trading days and the market will test 26,000. The strength of support.
There are rumors that Hong Kong will impose a curfew on the weekend. The Government has clarified that there is no such thing, and that the allegations are all rumors.
The government clarified the curfew rumors
Affected by rumors, local stocks that were sensitive to the political situation continued to see pressure. Link (00823) and Hang Seng (00011) fell 1.7%, MTR (00066) fell 1.4%, and Xindi (00016) fell 1.3%. In addition, the New World (00017), which fell 0.6% yesterday, its perpetual bond debts also rushed to high after the rumors of the curfew in the domestic media (about 3 o’clock), the high near 5.48%, reflecting the rise in market risk premium, the funds to the local The political situation is indeed worrying.
As at 11:30 last night, Hong Kong stocks rose 47 points to 26,375 points in the night; integrated blue chips in the ADR, equivalent to 2 points in the HSI.
Guangfa: Social turmoil, investor feelings are weak
Liao Ling, chief analyst of GF Securities’ overseas strategy, described the reasons for the short-term rise or fall of Hong Kong stocks, often outside the “fundamental and valuation framework”, while Sino-US trade, local political situation, and even US President Trump “tweet All the news, such as postings, have the opportunity to cause the market to “significantly fluctuate”. It also said that the local social incident haze is most weak for investors, and the negative impact on the emotional side seems to be impossible to avoid.
Liao Ling believes that local real estate, retail, hotels and other industries are being plagued by local political situation. In contrast, local insurance and public sector leaders are less affected.
The Hang Seng Index closed at 26,323 points yesterday, down 247 points or 0.9%. The turnover of the main board was 74.5 billion yuan.