What's the situation! The US CPI for January fell short of expectations, and the stock market fell first and then rose
$Hang Seng Index(800000.HK$ $Tesla(TSLA.US$ $KUAISHOU-W(01024.HK$ Hong Kong stocks continued to fluctuate and adjust. At one point, the Hang Seng Index retreated to 21074 points and did not fall below 21,000 points. However, yesterday it was low at 20,799 points, then it began to rise, and finally closed at 21,164. In line with predictions, it will consolidate around 21,000 points in the short term.
After the Hang Seng Index hit and adjusted 1,700 points from a high point, the Hong Kong dollar once again hit the assurances of the weak. Yesterday, the HKMA once again bought HK$4.2 billion to protect the linked exchange rate system. This is also the first time since November last year that the HKMA has bought Hong Kong dollars after a lapse of three months.
On the other hand, the inflation data released by the US is extremely sensitive, and there is no doubt that it will have an important impact on the market in the short term, so investors are also watching without making a big move. The turnover of the Hang Seng Index was also reduced to less than HK$100 billion.
Currently, the US employment data is ideal. As the US dollar exchange rate strengthens again, the weakening of the Hong Kong exchange rate is likely to remain weak for some time, and the US CPI for January announced today increased 6.4% year on year, which is expected to be 6.2%. The 25 basis point rate hike in March is also a foregone conclusion.
Further interest rate hikes by the Federal Reserve will cause capital outflows from Hong Kong, thereby increasing Hong Kong dollar interbank interest rates and increasing capital costs, which will put some pressure on Hong Kong stocks.
At the current valuation level of Hong Kong stocks, the price/performance ratio has been greatly reduced. Market capital is seeking other investment opportunities after making a profit. Recently, domestic capital has been flowing out, with a net sale of 3.8 billion dollars on Monday.
The inflation data from the US side fell short of expectations. The market first fell, and now it is turning red again. The market may think that inflation has come to an end, take advantage of the market, and bucked the trend. This will also attract capital from the Hong Kong stock market back to the US stock market.
In short, the current Hong Kong stock market lacks sufficient liquidity, and the short-term trend is not optimistic
1. In the face of a large outflow of domestic capital on Monday, Kuaishou received a net purchase of HK$300 million from domestic capital. The market expects Kuaishou to rank at the top of the Hang Seng Index ranking. It is very likely that it will be included in the Hang Seng Index and obtain passive capital purchases from the market, so it is ambushed ahead of schedule.
2. Huahong Semiconductor's fourth quarter results showed revenue of US$630 million, up 19.3% year on year; net profit was US$160 million, up 19.2% year on year.
The company has set new records for ten consecutive quarters. Despite uncertainties such as the impact of the pandemic and geopolitical conflicts, the company has maintained a steady rise, and is expected to maintain a good momentum in the first quarter of this year.
3. The European Parliament passed a bill to stop the sale of fuel-engine vehicles in 2035. Had it not been for the Russian-Ukrainian conflict, Europe's energy would be stuck in the neck, and Europe might not be able to make up its mind to replace new energy vehicles with fuel vehicles. Everyone knows that Europe is a fuel vehicle powerhouse, but there is nothing that can be done about new energy vehicles. This time, it is revolutionizing its own life and benefiting the NEV industry chain.
Only China and the US have made an impact on electric vehicles. Currently, the penetration rate of electric vehicles in China has reached about 30%, but the global penetration rate is less than 10%, so there is still plenty of room for growth.
Isn't this because Tesla has now surged 5%, and its stock price has broken through $200. Watch the performance of Hong Kong NEV concept stocks in the evening?
After the Hang Seng Index hit and adjusted 1,700 points from a high point, the Hong Kong dollar once again hit the assurances of the weak. Yesterday, the HKMA once again bought HK$4.2 billion to protect the linked exchange rate system. This is also the first time since November last year that the HKMA has bought Hong Kong dollars after a lapse of three months.
On the other hand, the inflation data released by the US is extremely sensitive, and there is no doubt that it will have an important impact on the market in the short term, so investors are also watching without making a big move. The turnover of the Hang Seng Index was also reduced to less than HK$100 billion.
Currently, the US employment data is ideal. As the US dollar exchange rate strengthens again, the weakening of the Hong Kong exchange rate is likely to remain weak for some time, and the US CPI for January announced today increased 6.4% year on year, which is expected to be 6.2%. The 25 basis point rate hike in March is also a foregone conclusion.
Further interest rate hikes by the Federal Reserve will cause capital outflows from Hong Kong, thereby increasing Hong Kong dollar interbank interest rates and increasing capital costs, which will put some pressure on Hong Kong stocks.
At the current valuation level of Hong Kong stocks, the price/performance ratio has been greatly reduced. Market capital is seeking other investment opportunities after making a profit. Recently, domestic capital has been flowing out, with a net sale of 3.8 billion dollars on Monday.
The inflation data from the US side fell short of expectations. The market first fell, and now it is turning red again. The market may think that inflation has come to an end, take advantage of the market, and bucked the trend. This will also attract capital from the Hong Kong stock market back to the US stock market.
In short, the current Hong Kong stock market lacks sufficient liquidity, and the short-term trend is not optimistic
1. In the face of a large outflow of domestic capital on Monday, Kuaishou received a net purchase of HK$300 million from domestic capital. The market expects Kuaishou to rank at the top of the Hang Seng Index ranking. It is very likely that it will be included in the Hang Seng Index and obtain passive capital purchases from the market, so it is ambushed ahead of schedule.
2. Huahong Semiconductor's fourth quarter results showed revenue of US$630 million, up 19.3% year on year; net profit was US$160 million, up 19.2% year on year.
The company has set new records for ten consecutive quarters. Despite uncertainties such as the impact of the pandemic and geopolitical conflicts, the company has maintained a steady rise, and is expected to maintain a good momentum in the first quarter of this year.
3. The European Parliament passed a bill to stop the sale of fuel-engine vehicles in 2035. Had it not been for the Russian-Ukrainian conflict, Europe's energy would be stuck in the neck, and Europe might not be able to make up its mind to replace new energy vehicles with fuel vehicles. Everyone knows that Europe is a fuel vehicle powerhouse, but there is nothing that can be done about new energy vehicles. This time, it is revolutionizing its own life and benefiting the NEV industry chain.
Only China and the US have made an impact on electric vehicles. Currently, the penetration rate of electric vehicles in China has reached about 30%, but the global penetration rate is less than 10%, so there is still plenty of room for growth.
Isn't this because Tesla has now surged 5%, and its stock price has broken through $200. Watch the performance of Hong Kong NEV concept stocks in the evening?
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Bisco : Did this add any value?
完美无缺OP Bisco: Don't understand what you mean?
Peter YCS : The Hong Kong stock market is very poor. The economy is poor. The Hang Seng Index takes the stock market a big dive every day as soon as it opens
Peter YCS : US stocks rose, Hong Kong stocks fell, US stocks pulled back, and Hang Seng plummeted
完美无缺OP Peter YCS: It is true that Hong Kong stocks have been weak in recent times, but they haven't been very weak. It can also be seen as a sideways market amid a pullback.
Peter YCS : Very weak to super weak, right...
Peter YCS : Hong Kong's Hang Seng Index dives and jumps from buildings every day the market opens. Will it fall below 20,000? If it actually falls below, Hong Kong stocks will be scrapped
完美无缺OP Peter YCS: The number you mentioned is horrible; needless to say it's broken