Hong Kong stocks become the "hottest" stock market in the world! The Hang Seng Index has risen nearly 40% so far this year, with brokerage stocks surging sixfold in five days. How will the future market evolve?
It is noteworthy that brokerage stocks, as the vanguards of the bull market, play the role of "front-runners" in this current uptrend. Moreover, Chinese-affiliated brokerage stocks in the Hong Kong market have shown astonishing increases, indicated by the gains over the past five trading days.
"Bull market leader" sends a heavy signal, market optimism continues to rise! Is a major trend about to emerge?
The brokerage sector has always been a barometer of bull markets. Today, brokerage stocks once again surged across the board, indicating that the market still holds a generally optimistic outlook for the future performance of the Hong Kong stock market.
"China Dragon" ETF landed on Wall Street as the bull market returns, benchmarking the seven major ETFs in the US.
A new ETF called DRAG, "China Dragon", tracking the performance of major Chinese companies has landed on the US stock market. Its components currently include Tencent, Pinduoduo, Alibaba, Meituan, BYD, Xiaomi, JD.com, Baidu, and Netease. DRAG aims to track an equally weighted basket of stocks composed of the 5 to 10 largest and most innovative Chinese technology companies. This ETF will be rebalanced quarterly.
Express News | tencent spent approximately 0.251 billion Hong Kong dollars to repurchase 0.5492 million shares on October 3.
What happened? Hong Kong stocks experienced a pullback today, with the Hang Seng Index falling more than 4%. What will happen next?
The adjustment has come!
What's going on? Hong Kong stocks plunge sharply, the technology index once fell more than 6%, with real estate, autos, and network technology sectors experiencing heavy losses.
At the morning opening, the Hong Kong stock market experienced an adjustment. The Hang Seng Index and the Hang Seng Tech Index both fell, with the Hang Seng Index dropping more than 3% and the Tech Index falling over 6% at one point.
Who's buying? The A-share market is closed, but the Hong Kong stock market is still going strong! There's a big shift in foreign capital underway.
According to the latest report published by Goldman Sachs, after the People's Bank of China announced easing measures and the September Political Bureau meeting, mainland consumer stocks rebounded strongly by an average of about 32% in the past week.
Alibaba, PDD Holdings, and JD.com have a combined market cap that is only one-fourth of Amazon's. Goldman Sachs: Huge room for revaluation of the value of Chinese e-commerce.
Goldman Sachs pointed out that the median PE ratio of the Chinese internet plus-related industry for the next 12 months is 14.3 times, with a discount of over 40% compared to the USA internet plus-related industry. The valuations of e-commerce companies such as alibaba, pdd holdings, and jd.com are only 9-12 times, still lower than the median of the chinese internet plus-related industry, with great potential for value reassessment.
Hong Kong and A-shares are in high spirits! How much room is left in the market under the new round of policies?
Interest rate-sensitive growth stocks, export chains driven by usa real estate demand, Hong Kong stocks local dividends and real estate, all show greater resilience in this round of rise.
Hong Kong stocks surged for the fourth day and broke through the top again, with southbound funds buying 500 billion yuan explosively within the year. Northbound funds went on a shopping spree in September, selling Alibaba and Meituan, as well as Tencent.
In September, the amount of southbound funds inflow was 30 billion Hong Kong dollars, showing a slight decrease compared to the previous month, but still maintaining a trend of net fund inflow for 15 consecutive months.
US stocks close | US PCE inflation cools down, S&P Nasdaq falls but Dow hits new high; China concept index surges 24% for the whole week, jd.com hits fourteen-month high.
US PCE inflation cooling solidifies the confidence of the Fed in rate cuts, but US stocks fell in the afternoon, with nvidia dropping nearly 4% at one point. China's stimulus policies drove the Chinese concept index up by 4%, nio inc rose by nearly 13%, pan-European stock indexes and German stocks hit new highs for two consecutive days, luxury goods stocks rose again. The Dow, S&P, and Nasdaq have all risen for three consecutive weeks, with two China-focused ETFs achieving the best weekly gains in history.
Taobao officially announced: now supports WeChat Pay!
On September 27th, Taobao announced that it now supports multiple payment methods such as Alipay and WeChat Pay. To experience this, update the app to the latest version. Earlier this month, Taobao and Tmall officially announced the addition of WeChat Pay capabilities after lifting a previous restriction.
Hong Kong stocks have been soaring for days on heavy volume, haven't jumped on board yet? These directions are still worth paying attention to.
In recent days, the heavy-duty policy bullish continues to catalyze, with large funds actively buying assets in China, and the market's bullish sentiment towards China has been fully ignited. Beneficiary sectors have already risen in advance. Lowering mortgage rates is bullish for consumer spending, with sectors like alcohol, gold, and jewelry taking the lead, while opportunities for biomedical and real estate stocks are worth looking forward to.
Daily Bull and Bear | Hong Kong stocks rise against the trend! Hang Seng Index futures skyrocket to 20,600 points; Alibaba's three-day surge exceeds 12%, call warrants profit by 5.5 times.
On Thursday, the Hang Seng Index closed sharply up 795 points, reaching a high of 19,954 and a low of 19,176, closing at 19,924. At night, the Hang Seng Index futures (September) continued to be strong, closing at 20,681 points, up 553 points or 2.75%, with a high of 756 points.
The central bank has launched two measures at the same time! The reserve requirement ratio is reduced by 0.5 percentage points, and the 7-day reverse repurchase operation interest rate is lowered by 20 basis points.
Starting from September 27, 2024, the reserve requirement ratio for financial institutions is reduced by 0.5 percentage points. After this reduction, the weighted average reserve requirement ratio for financial institutions is approximately 6.6%.
Global stock markets welcome the 'most call morning of the year,' as Goldman Sachs fund flow experts exclaim that this 'china trade' is different from the past.
Goldman Sachs expert Rubner mentioned that FOMO is starting to appear locally in China; in the past 48 hours, he conducted more China-related Zoom calls than all related meetings within this year; short-term traders in Goldman Sachs PB business have been buying Chinese stocks for eight consecutive days, with the net buying amount of Chinese stocks in PB business this Tuesday reaching the second highest level in ten years, almost entirely from long positions.
Express News | Tencent repurchased 0.3674 million shares on September 26, spending approximately 0.151 billion Hong Kong dollars.
Report: The global gaming user spending scale is expected to be 165 billion US dollars in 2024, with approximately 50% coming from mobile games.
With the success of many popular games and the launch of new games recently, the user spending on mobile games is expected to achieve a 6% year-on-year growth in 2024.
The Political Bureau of the CPC Central Committee held a meeting to analyze and study the current economic situation and economic work
The Political Bureau of the CPC Central Committee held a meeting on September 26 to analyze and study the current economic situation and deploy the next economic work. ****, General Secretary of the CPC Central Committee, presided over the meeting.
Futu Morning Post | S&P hits new high for the 41st time this year! Goldman Sachs: October volatility may rebound; Significant cooling in the labor market, Federal Reserve officials support further rate cuts.
usa mortgage rates fell again, triggering a large-scale refinancing wave; The US House of Representatives passed a short-term funding bill to keep the government from shutting down before December 20; OECD has raised its global economic growth expectations, forecasting a 3.2% GDP growth rate for the global economy in 2024.