Sell-off of stocks related to semiconductors is increasing for profit-taking.
The Nikkei average fell sharply for the first time in four days, ending trading at 41,190.68 yen (-1033.34 yen) (volume estimated at 1.803 billion shares). Following the trend of profit-taking selling in high-tech stocks and other stocks with high index contributions, such as semiconductor-related stocks, that fell amid expectations of an early interest rate cut in the US market the previous day, they were sold in the Tokyo market as well. The Nikkei average started at 41,668.86 yen and widened its decline to 41,188.29 yen in the morning session. In addition, the yen strengthened in the foreign exchange market.
The Nikkei Average sharply fell, with selling pressure intensifying ahead of the 3-day holiday, resulting in the largest decline this year.
On the 11th, the US stock market was mixed. The Dow Inc rose 32.39 points (+0.08%) to 39,753.75, the Nasdaq fell 364.04 points (-1.95%) to 18,283.41, and the S&P 500 ended trading at 5,584.54, down 49.37 points (-0.88%). The June Consumer Price Index (CPI) serves as evidence of the slowdown in inflation, boosting expectations of a rate cut. Dow Inc moved steadily throughout the day supported by the recovery of real estate and other interest rate-sensitive trades such as A-REIT ETF and Index ETF.
Boiling! Hong Kong's mainland real estate stocks collectively soar, institutions: waiting for the turning point of the fundamentals.
Bullish signals have appeared!
Mid-day overview: Hong Kong stocks are consolidating with the Hang Seng Index up nearly 2%; Mainland real estate is booming with Shimao Group up more than 14%.
Network technology rose, JD.com Group rose more than 4%, Meituan, Alibaba, Tencent Holdings, and Kuaishou all rose more than 2%.
List of stock information from newspapers including Lintec and Mitsui & Co.
* Lintec <7966> starts providing samples of EUV pellicles, contributes to semiconductor miniaturization (Nikkan Kogyo front page) - ○ * Toyota Auto <7203> invests in North American EV charging network, plans to install 0.03 million ports by 2030 (Nikkan Kogyo page 3) - ○ * Seino HD <9076>, T2 and 2 others demonstrate autonomous driving of cargo trucks on highways (Nikkan Kogyo page 3) - ○ * Mitsubishi Electric Corp. unsponsored ADR <6503> strengthens solutions
Daily summary of real estate industry dynamics (2024-07-11)
According to the WeChat official account 'Chuzhou City People's Government Release' on July 10th, Anhui Province Chuzhou City Housing and Urban-Rural Development Bureau has released 'Several Measures for Further Optimizing and Adjusting Real Estate Policies', involving seven policies such as purchase subsidies. Support 'old for new'. Guide industry associations to explore the establishment of convenient channels for exchanging new and second-hand houses, help homebuyers 'trade in old for new', and guide brokerage institutions to lower intermediary service fees; encourage state-owned enterprises and other platforms to acquire second-hand houses of families with the need of 'old for new' according to market-oriented principles, and use them for market-oriented rental housing, guarantee rental housing, enrich housing source supermarkets, etc.
Shenzhen auction properties have surged to the top search with a price of 0.5 million yuan/square meter. Is the inflection point of property valuation coming? Banks: High stock price is still a special case, ordinary second-hand still trades price for vol
① There is information on high-priced second-hand buildings in Shenzhen and Guangzhou recently, but it is still mainly individual cases and does not constitute a general phenomenon. ② As an asset management company, we are still very cautious about accepting non-performing assets in the real estate sector. ③ From past experience, there are always some people who lead the way in eating crabs before every major transformation.
A quick overview of the market: All three major Hong Kong stock indexes rose, with the technology index up nearly 2%. Auto stocks performed strongly, with Xpeng rising more than 8%.
Apple suppliers saw a surge in stocks, with q tech up more than 23%, sunny optical up more than 6%, aac tech up nearly 6%, and fih up nearly 5%.
The high-end apartment market in Shanghai is in high demand, with 1,786 luxury homes sold in the second quarter, a significant increase of 71.6% compared to the previous quarter.
The high-end residence market in Shanghai this year is in a state of high supply and demand. According to monitoring data from Jones Lang LaSalle, there were 1,786 transactions in the second quarter of this year, an increase of 71.6% compared to the previous quarter.
Daily summary of real estate industry developments (2024-07-10)
On the morning of July 8th, Hu Guangjie, Secretary of the Communist Party of China Construction, Transportation and Administration Committee and Director of the Urban and Rural Housing Construction and Management Commission, answered calls from citizens on the summer hotline and revealed the latest progress on a number of projects that are dear to the people, including this year's completion of sporadic old building renovation of 0.066 million square meters, the launch of seven projects to transform "urban villages", the addition of 0.0151 million beds, and the accumulated completed investment of 126.64 billion yuan in major projects in the fields of industry, hospitals, schools, municipal and transportation infrastructure. These projects have been completed sequentially, better responding to the people's yearning for a better life. As of the end of June, the city has added approximately 0.047 million units of affordable rental housing for construction and guarantees, and approximately 0.034 million units hav
Quick Review of Intraday | Hong Kong stock index fluctuates, with strong performances in semiconductors and Apple suppliers; Fit Hon Teng Precision rose more than 13%.
Some network technology stocks fell, Meituan dropped nearly 3%; GDS Holdings rose more than 8%, receiving institution's upgraded rating and target price; CNBM fell more than 13%, with an expected mid-term loss of approximately 2 billion yuan.
Daily updates on the real estate industry (July 8, 2024).
Shijiazhuang, Hebei: For families with multiple children who already own a home, applying for a housing provident fund loan for a second home is subject to the policy for first-time homebuyers.
Daily real estate industry news summary (2024-07-05)
Daily real estate industry dynamics summary. Li Yunze: Making every effort to dispose of unsold commodity housing projects under construction. From July 3rd to 4th, Li Yunze, Secretary and Director of the Party Committee of the Financial Regulatory Bureau, led a team to conduct research in Jiangsu.
Express News | The one-month Hong Kong dollar interest settlement rate announced by the Hong Kong Bankers Association on July 5 was 4.51208%, compared to 4.51280% on the previous trading day.
CICC: Hong Kong's external demand continued to improve in the first quarter, but the real estate market is difficult to see a major turning point in the cycle.
The high interest rate environment continues to put pressure on the payment ability of local enterprises and residents in Hong Kong.
Express News | The one-month HK dollar interest settlement rate released by the Hong Kong Association of Banks on July 4 was 4.51280%, compared to 4.51423% on the previous trading day.
Investment secrets for the second half of the year in Hong Kong stocks are here! Institutions are optimistic about the Hang Seng Index and may push it to 20,000 points, with these sectors being popular.
In terms of the market, Guosen Securities gives a strong expectation with an upper limit of 21,500 points; regarding sectors, institutions are bullish on high dividend assets and internet plus-related sectors, as well as some institutions being optimistic about mainland real estate shares as well.
List of stock information from newspapers including Sun Call and Marubeni.
*Sun Call <5985>: Electric car distribution components to be produced in the US, with a production capacity of 5 times by 2027 (Nikkan Kogyo front page)-○ * NTT Data G <9613>: Unauthorized access at its Romania base (Nikkan Kogyo page 3) -○ * Marubeni <8002>: New company established with Shogakukan for overseas sales of Japanese Manga products (Nikkan Kogyo page 4) -○ * Sumitomo Corporation <8053>: Sold airbags to corporate restructuring fund, posting a loss of 5 billion yen for this fiscal year (Nikkan Kogyo page 4) -○ * YUASA Trading <8074>: Picking delicate molded products, Thinke
Express News | The one-month Hong Kong dollar interest settlement rate released by the Hong Kong Bankers Association on July 3 was 4.51423%, compared to 4.55946% on the previous trading day.
During the day, the Hong Kong stock market's three major indices fluctuated in range, mainland real estate stocks strengthened, and Yuexiu Property rose more than 6%.
Hang Seng Index rose by 0.33%, K-Tech Index rose by 0.56%, and Sinopec Index rose by 0.26%; petroleum stocks rose, Kunlun Energy rose nearly 4%; SenseTime rose more than 14%, and the "RiRiXin" 5.5 model is about to be released.