Daiwa downgrades the rating of Chinese stocks to 'slightly underweight', while High Yield downgrades the rating of Hong Kong stocks to 'underweight'.
Wall Street's major banks have become more cautious about the Chinese stock market, mainly due to persistent deflationary pressures and geopolitical tensions. Morgan Stanley has downgraded its rating on Chinese stocks to 'slightly underweight', believing that the Chinese government's likelihood of introducing fiscal stimulus for consumption and housing issues ahead of schedule next year is very limited, as it is concerned that the mainland will worry about moral hazards and premature transition to a welfare state. This will pose stronger downside risks to corporate profits and market valuations in the coming months. The year-end target for the MSCI China Index is 63, slightly lower than last Friday's (15th) closing of 63.93. Goldman Sachs has also
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UBS Group raises target price for MSCI Chinese Index to 70.
UBS Group Investment Banks research department stated that the Chinese stock market saw a significant increase last week. The MSCI Chinese Index surpassed the May high of this year, currently valued at 10.6 times the dynamic PE. The bank believes there may be further upside potential, especially in the short term, although the future trend largely depends on the extent of fiscal support and the implementation of various policy stimuli. Wang Zonghao, director of UBS Group Investment Banks China stock strategy research, stated that the year-end target price for the MSCI Chinese Index has been raised to 70, 7% higher than the latest closing price, to reflect policy coordination improvement, US interest rate cuts, and progress in corporate governance reforms. Continued use of leverage.
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Express News | Hong Kong Stock Exchange: Two securities will be removed from the list of market fluctuation adjustment mechanisms
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"half Daily Express" five major increases ETF XL second South A50 (07248.HK) rose 4.7% to the top of the list.
XL 2 South A50 (07248.HK) closed at HK $5.655, up 4.7%; XL 2 Huaxia Shanghai and Shenzhen 3 (07272.HK) closed at HK $11.66, up 3.2%; XL 2 South Shanghai and Shenzhen 3 (07233.HK) closed at HK $9.98, up 2.7%; South A50 82822.HK closed at 14.95 RMB, up 2.4% An Shuo A50 (02823.HK) received HK $18.3, up 2.3%.
"half Daily Express" five major increases ETF XL second South A50 (07248.HK) rose 6.1%
XL 2 South A50 (07248.HK) closed at HK $7.36, up 6.1%; XL 2 Huaxia Shanghai and Shenzhen 3 (07272.HK) closed at HK $13.15, up 4.8%; XL 2 South Shanghai and Shenzhen 3 (07233.HK) closed at HK $11.44, up 4.6%; and Southern A50 (02822.HK) closed at HK $20.58, up 3.5% An Shuo A50 (02823.HK) closed at HK $20.92, up 3.3%.
The Shenzhen stock market rose in the afternoon. It was up by 300% in summer and A50% in South China.
On the third day of trading in Shenzhen stock market, Shanghai Stock Exchange, Shenzhen Stock Exchange and Shenzhen Stock Exchange rose more than 1.3%, 5798 and 15965 respectively in the afternoon of 1.3%, 5798 and 15pm, respectively, for more than five and a half years, more than 13 years and more than five and a half years. The board rose more than 1% by 6% in half, while ah shares, Sichuan board, virus prevention, liquor, biological vaccine, gold concept, business exchange and Tianjin board were among the top gainers, but the bank fell 1.7%, while mobile game concept, rock mining, mining and oil service board were also on the side. The A-share ETF listed in Hong Kong is broken again, of which A50 (02823.HK) and
Dahua Jixian: The A50 (02823-HK) purchase range is HK$17.92 to HK$17.94
Dahua Jixian released a report that the A50 (02823-HK) stock price stabilized above the cloud support level and was just above the rising wedge. The rising 9-day (orange) and 26-day (green) moving averages are playing a supporting role. The daily chart RSI has crossed the downtrend line and is moving higher. The MACD is bullish and above level 0, while the MACD bar chart is expanding upward. The A50 purchase range for ASUS is HK$17.92 to HK$17.94. As long as it holds at HK$17.30, it is expected to rise further to HK$18.50 and HK$19.00. If it breaks 17.
HKEx (00388.HK) Implements on 19 Oct to Optimize 15% Price Limit for Products on First Day of Listing in Pre-opening Session
HKEx (00388.HK) announced that it will implement the pre-opening session on 19 October. The pre-opening session will no longer cover all securities and will only cover all equity securities (including depository securities, investment companies, preference shares and staples securities), funds (including Exchange Traded Funds and REITs) and Leveraged and Inverse Products. HKEx said that in order to ensure the consistency of securities in the pre-opening session and AIP, L&I products will be covered from the same day. To prevent ETFs (including ETFs and
Futures on the FTSE China A50 Index rose nearly 2%, and the offshore renminbi rose more than 400 basis points
The offshore renminbi once rose above 6.74 intraday against the US dollar. As of press release, the current report is 6.7412.