China Stimulus May Spur Buying in Overseas Equities, Bank of America Says
Bank of America and Barclays update their "china fever" strategy: major events happening now! Global risk appetite is on the rise.
①China's current stimulus policy has increasingly become the mainstream attitude of Wall Street analysts, and overseas investors are also showing concerns about 'missing out' while waiting and seeing; ②Even after the significant rise this week, Chinese assets still remain very attractive in terms of valuation; ③In addition to stocks, analysts are also paying attention to the generalized effect of 'China bullish'.
US stock market outlook | As expected! USA's core PCE in August rose by 2.7% year-on-year, short-term pull-up of the three major index futures; Making a fortune! Well-known major short sellers bet on Chinese concept stocks to usher in a glorious moment
Before the market opened on Friday, the three major equity index futures fell slightly, with the market waiting for PCE data; tesla's 0-interest car purchase event was postponed again; jd.com continued to rise by over 2% before the market, Alibaba and jd.com will open up to each other.
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.
What happened tonight? Major policy bullish surprise, foreign capital collectively optimistic, china assets booming!
On the evening of September 26, Chinese assets soared, with Chinese concept stocks, China assets etf, ftse china a50 index futures, Hang Seng index futures, and RMB exchange rates all skyrocketing.
U.S. stock market in the morning | The three major indexes all rose, with the S&P hitting a new high; the China Golden Dragon Index surged by more than 10%, jd.com rose more than 12%; Micron rose 17% leading the semiconductor stocks.
On the evening of the 26th Beijing time, the US stock market opened higher on Thursday. The revised value of the US GDP for the second quarter met expectations. Investors are paying attention to speeches by several Federal Reserve officials including Powell to further understand the future interest rate cut path. The market is also focusing on the US federal government debt crisis issue and the US presidential election.
US Stock Market Outlook | Chinese concept stocks soar across the board! Pdd holdings, jd.com, Bilibili surge more than 11% pre-market; Micron sparks the "AI faith"! Chip stocks pre-market frenzy.
Optimism continues to spread, with strong gains in the Asia-Pacific stock markets and pre-market trading in US stocks on the rise. As of the time of publication, the Dow Jones futures rose by 0.37%, the s&p 500 index futures rose by 0.75%, and the Nasdaq futures rose by 1.41%. Chinese ETFs surged in pre-market trading, with 3 times leverage on the rise of the FTSE China ETF by over 25%.
Express News | China assets etf pre-market trading gain expands, 3 times long on Direxion FTSE China ETF increases by over 20%.
Express News | The Central Financial Office and the China Securities Regulatory Commission jointly issued the "Guiding Opinions on Promoting the Entry of Medium to Long-term Funds into the Market".
Goldman Sachs, UBS Group, and Morgan Stanley have all spoken out on China's policies and assets!
Recently, a series of consecutive punches have been released by the Chinese government, with Chinese assets represented by A shares soaring for three consecutive days, and the offshore renminbi also regaining the "7" level against the US dollar. Globally, both China's recent package of policies and asset trends have attracted attention, with a Goldman Sachs conference call being overloaded, reaching its maximum capacity in terms of participants. What are foreign investors' views on China's recent package of policies? Has confidence been somewhat boosted? China's brokerage journalists interviewed Goldman Sachs, JPMorgan, UBS Group, and other foreign institutions on September 25th, collecting the latest opinions of major foreign institutions on the recent comprehensive set of new policies. The most comprehensive easing policy since 2015 "this comprehensive set"
Express News | US stock night trading: The decline in China ETF and Chinese concept stocks deepens.
Asia Markets Rise Buoyed by China's Stimulus Measures, Investors Access Australia's CPI Data
People's Bank of China Lowers Medium-term Lending Facility Rate by 30 Basis Points to 2%
U.S. stocks closed | S&P, Dow hit new highs again; the China concept index soared over 9% to a two-year high, jd.com surged 14%, pdd holdings rose over 11%.
Unexpectedly sharp drop in US consumer confidence caused a decline in US bond yields and the US dollar, with US stocks initially turning lower followed by a sharp rise. Nvidia rose by about 4%, China concept stocks index surged over 9% to a four-month high and the largest increase in about two years, Bilibili rose by 17%, JD.com rose by nearly 14%, Pinduoduo, Xpeng, Nio, and Li Auto all rose by over 11%. Industrial giant Caterpillar hit a new high, European and American mining, casino, automotive, and luxury goods stocks rose, offshore renminbi rose nearly 600 points from the daily low to touch 7.01 yuan during the session.
US stock market early trading | The three major indexes are mixed, with Tesla continuing to rise by over 2%; Chinese concept stocks skyrocket, Bilibili surged over 12%, Alibaba rose over 6%
The US stock market opened slightly higher on Tuesday. The market continues to assess the speeches of several Federal Reserve officials to further determine the future path of the Fed's interest rate policy.
Express News | China assets etf US stocks gain expanded, triple long on ftse china etf-direxion up over 20%.
Direxion Daily CSI China Internet Index Bull 2X Shares Declares Quarterly Distribution of $0.1570
U.S. Stock Market Outlook: Continuing to soar! Chinese concept stocks are all high before the market opening, Alibaba surges more than 5%, "Weixiaoli" collectively rises more than 7%; Several high officials of the Federal Reserve collectively adopt a dovi
Large-cap technology stocks mostly rose before the market opened, with Tesla continuing to rise by 1.5%, Microsoft and Amazon slightly down; Taiwan Semiconductor rose nearly 2% before the market opened, Daiwa Securities raised the target price for TSMC and reiterated a 'shareholding' rating; Li Auto Inc. rose over 8% before the market opened, selling a whopping 0.012 million units last week, with weekly sales surpassing Mercedes-Benz and Audi.
How will the central bank's policy stimulus package impact assets in China?
Huachuang Securities believes that for the equity market, policy shifts may help enhance market risk appetite, real estate policy adjustments provide some support, but market repair still requires some patience; Minsheng Securities points out that the monetary policy has shown a loose trend, and after the good use and completion of the fiscal stock policy, fiscal easing may also be on the way.
Express News | China assets etf pre-market trading gains expanded, three times long on Direxion FTSE China ETF, rising over 15%.