US presidents condition improves global stock markets rise

category:Finance
 US presidents condition improves global stock markets rise


However, a number of fund managers in an interview with the 21st century economic report said that Hong Kong stock market is a global valuation depression. They are optimistic about Hong Kong stocks in the medium and long term, and believe that the current investment value of Hong Kong shares is better than that of a shares.

Global stock markets open high

On Friday (October 2), early in the morning of eastern American time, it was reported that the president of the United States had tested positive for the new coronavirus.

On that day, the global stock markets, from the Asia Pacific stock market to the European and American stock markets, all experienced a round of diving decline.

However, after the two-day weekend closure and news that the president of the United States is getting better, the U.S. stock futures index opened higher at 6:00 on Monday (October 5), with the NASDAQ futures up 0.8%, the Dow futures and the S & P 500 index futures rose more than 0.6%.

Subsequently, at 8:00, the Asia Pacific stock market also opened higher, with the Nikkei 225 index up 1% and the South Korea Kospi index slightly higher. Both indexes were up more than 1.2% at the close of October 5.

15: Germanys DAX index rose 0.77%, Britains FTSE 100 index rose 0.99%, and Frances CAC40 index rose 0.53%.

By the time of press release, Germanys DAX index was up 0.66%, the UKs FTSE 100 index was up 0.54%, and Frances CAC40 index was up 0.87%.

It is worth mentioning that the FTSE China A50 futures index fell by more than 2% on October 2 after the news of the US presidents diagnosis came out, but then it rebounded against the market and closed at 0.54%.

On October 5, the FTSE China A50 futures index rose 0.42%.

Hong Kong stock is a global value depression

Due to the double holiday, on October 5, Hong Kong stocks were the first day to face the impact of the new crown diagnosed by the president of the United States.

After the long holiday (Note: Hong Kong shares closed on October 1-4 and a shares closed on October 1-8), Hong Kong shares opened with a big rise.

The Hang Seng Index rose 2.47%, the Hang Seng state-owned enterprise index rose 1.68%, and the Hang Seng technology index rose 2.37%.

Among them, Alibaba, Tencent holdings and Xiaomi group all rose by more than 3%; Jingdong group rose by more than 2%.

It is worth noting that the core international fell nearly 3% at the opening. On the evening of October 4, SMIC announced that some American equipment, accessories and raw materials exported by some suppliers to SMIC would be further restricted by the US export control regulations, and they would have to apply for an export license in advance before continuing to supply to SMIC.

However, after the opening of the market, Hong Kong stocks began to dive significantly.

A few minutes after the opening, the Hang Seng Index fell more than 1% and its rise narrowed to about 1%. The Hang Seng technology index dived and turned green.

At the end of the day, the Hang Seng Index closed up 1.32%, with sporting goods stocks and catering stocks leading the way. However, SMIC fell more than 7% at one time, and finally closed down 4.64%.

As for the sharp fluctuation of Hong Kong stock market on October 5, Yang Delong, chief economist of Qianhai open source fund, said, todays Hong Kong stock market is the first day after the holiday, and there are big differences between long and short. The high opening of Hong Kong stock market is mainly due to a certain rebound of the US stock index. Although there is news that the president of the United States has been diagnosed, the US stock futures index has rebounded on the whole, which has played a role in stimulating the high opening of Hong Kong stocks A certain effect.

However, the markets concerns have not been eliminated, including the decline in the US economy. After the US presidents diagnosis, it has a great impact on the election of the US presidential election. The second rebound of the US epidemic situation has led to the sell-off of bearish investors, so the rise of Hong Kong stocks has narrowed, but the overall Hong Kong stock market is still rising. Yang Delong said.

A large public offering fund manager in charge of Hong Kong Stock Investment said: Hong Kong stocks rose sharply at the beginning of the day because the president of the United States is getting better and the US stock futures are soaring. It is normal that Hong Kong shares have not been able to continue to rise sharply, and the negative information was originally sent out during the holiday

Zhang Kexing, general manager of gray assets, said, in the short term, Hong Kong stocks may be affected by Sino US relations. There are some emotional disturbances, which may cause short-term fluctuation and adjustment of stock prices. However, in the long run, Hong Kong stocks must be a value depression. In particular, stocks such as some new economy and Internet based stocks have reasonable valuations and obvious investment opportunities. In addition, the overall performance of Hong Kong stocks this year is relatively poor, so we are relatively optimistic about the performance of Hong Kong stocks in the next two to three years. As for the investment layout, we are most optimistic about the Internet and other new economy oriented stocks in Hong Kong stocks. In addition, there are some consumer stocks that must be selected and selected, as well as some biomedical stocks, which are also relatively optimistic from the medium and long-term perspective. Zhang Kexing said. Source: responsible editor of 21st century economic report: Wang Wenhua_ NF5982

Zhang Kexing, general manager of gray assets, said, in the short term, Hong Kong stocks may be affected by Sino US relations. There are some emotional disturbances, which may cause short-term fluctuation and adjustment of stock prices. However, in the long run, Hong Kong stocks must be a value depression. In particular, stocks such as some new economy and Internet based stocks have reasonable valuations and obvious investment opportunities. In addition, the overall performance of Hong Kong stocks this year is relatively poor, so we are relatively optimistic about the performance of Hong Kong stocks in the next two to three years.

As for the investment layout, we are most optimistic about the Internet and other new economy oriented stocks in Hong Kong stocks. In addition, there are some consumer stocks that must be selected and selected, as well as some biomedical stocks, which are also relatively optimistic from the medium and long-term perspective. Zhang Kexing said.