This year has passed 3 / 4 of the Shenzhen composite index, the worlds second largest! Can a share layout?

category:Finance
 This year has passed 3 / 4 of the Shenzhen composite index, the worlds second largest! Can a share layout?


According to winds latest statistics, in the first three quarters of this year, the performance of the NASDAQ index and Shenzhen composite index was significantly better than that of other major global stock indexes.

Performance ranking of 14 global benchmark indexes in the first three quarters of this year

Data source: wind

Behind the differentiation of the three major indexes of US stocks:

Who is the wonder and who is the oil bottle

If we only focus on the performance of the Nasdaq 100 index and the NASDAQ index, it is obviously inappropriate to say that the first three quarters of the US stock market performed well.

In the first three quarters of this year, the performance of the three major indexes of US stocks was obviously divided: the NASDAQ index performed strongly, the S & P 500 index was unsatisfactory, and the Dow Jones index was unsatisfactory.

The mystery behind this is not difficult to analyze.

In terms of the Dow, apple, which has risen 58.84% this year with a total market value of $198.6 billion, led the rise in Dow components, but it could not stand the drag of other big guys. The Dow has a total of 30 constituent stocks, of which only 13 rose and 17 fell.

In terms of growth, in addition to apple, saiftse rose 54.66%, Microsoft rose 34.43%, home depot rose 29.43%, and Nike rose 24.84%, ranking second to fifth.

In terms of decline, Boeing fell 49.02% in total, ranking first in the decline. Chevron fell 37.79%, Walgreen United boots fell 37.13%, JP Morgan fell 29.10%, and traveler group fell 19.30%, ranking second to fifth. In addition, Disney, Intel, Goldman Sachs and other five big cumulative decline of more than 10%, Coca Cola, Dow, IBM, etc. fell more than 5%. As a result, it is no surprise that the Dow has significantly underperformed the other two major indexes.

In terms of the S & P 500 index, due to its wider coverage than the Dow, some non Dow component s & P components, especially some big guys, performed well, which boosted the S & P 500 index. For example, NVIDIA has increased by 130.32% with the latest market value of $333.9 billion; Amazon has increased by 70.74% with the latest market value of 1577.2 billion; Netflix has increased by 54.54% with the latest market value of $220.5 billion. Overall, among 505 constituent stocks, 221 were up, 2 were not up and down, and 282 were down. There are still more falling stocks than rising ones.

In terms of the NASDAQ index, it covers a total of 2921 constituent stocks, including small and medium-sized technology and pharmaceutical stocks with astonishing growth. For example, Novavax pharmaceutical, which ranked first in the rise, rose by 2622.36% in total during the year, five stocks increased by more than 1000%, and 14 stocks rose by 500% - 1000%. There is also the eye-catching Tesla, whose current market value is as high as 399.8 billion US dollars, with a cumulative increase of 412.77% during the year.

Opportunity for Chinas assets

From the ranking, it is not difficult to find that the main European stock indexes and Brazils benchmark stock indexes are weak, while the Asian stock markets, especially the main stock indexes in East Asia, are generally relatively under pressure.

Industry experts pointed out novel coronavirus pneumonia is relatively good and the economic recovery is relatively fast in East Asia. Relatively good economic fundamentals are also expected to attract more capital into the Asian region, especially the Chinese market. It is expected that there will still be many investment opportunities in Chinas stocks, bonds and other assets in the fourth quarter of this year.

Donald Huber, senior vice president of Franklins equity team and fund manager, said Asias economy is recovering at a faster pace than the us from an international investment perspective. Many Asian countries and regions have experience in responding to the epidemic situation, and it is expected that enterprises with these Asian regions as business key will generate more revenue than similar enterprises in other regions.

Zhao Yaoting, global market strategist for Jingshun Asia Pacific region (excluding Japan), said he continued to be optimistic about Asian emerging market stocks, especially Chinas a shares. China has demonstrated novel coronavirus pneumonia control capability and has achieved economic recovery. Novel coronavirus pneumonia is expected to be more positive as the impact of the US presidential election is weakening and the new factors such as the new crown pneumonia vaccine may emerge in the future.

In terms of industry sector, Zhao Yaoting believes that driven by the 5g upgrade cycle, the expansion of the Internet of things, and the significant development of wireless network technology, a new business cycle will begin, which will benefit Asian export-oriented economies.

Liu mingdy, head of China strategy at UBS Investment Research, also said he was optimistic about Chinas stock market in the long run. Continuous capital market reform and other factors are expected to make Chinese residents increase stock asset allocation in the next two years. UBS wealth management also pointed out that it was optimistic about the outlook of Asian stock markets. In spite of the recent adjustment of global stock markets, Asian (outside Japan) stock markets rose against the trend. MSCI Asia (outside Japan) stocks have rebounded by more than 40% since the March low, and have been nearly 8% higher than the level at the beginning of the year, outperforming global stocks by 5%. Compared with global stocks, the agency believes that Asian stock markets are more resilient, mainly due to the stronger profitability of Listed Companies in Asia. Global and Asian (outside Japan) earnings are expected to contract by 20% and 1.5% respectively this year. Source: China Securities Journal Editor in charge: Yang Bin_ NF4368

Liu mingdy, head of China strategy at UBS Investment Research, also said he was optimistic about Chinas stock market in the long run. Continuous capital market reform and other factors are expected to make Chinese residents increase stock asset allocation in the next two years.

UBS wealth management also pointed out that it was optimistic about the outlook of Asian stock markets. In spite of the recent adjustment of global stock markets, Asian (outside Japan) stock markets rose against the trend. MSCI Asia (outside Japan) stocks have rebounded by more than 40% since the March low, and have been nearly 8% higher than the level at the beginning of the year, outperforming global stocks by 5%.

Compared with global stocks, the agency believes that Asian stock markets are more resilient, mainly due to the stronger profitability of Listed Companies in Asia. Global and Asian (outside Japan) earnings are expected to contract by 20% and 1.5% respectively this year.