Source: financial Union
May 8thTopnftgamestoearnmoneyThe Hong Kong stock market fluctuated, and some stocks took profits, but the profit-making effect was still there. The Hang Seng Index fell 99 points or 0 points throughout the day.Topnftgamestoearnmoney.5% to close at 18479 points. The Hang Seng Index fell 2. 5%.Topnftgamestoearnmoney.1% to close at 3922 points. Under the adjustment of the market, the trading volume has shrunk, and the turnover in the big market has decreased to more than HK $1134 billion. Hong Kong stocks had a net inflow of HK $2.14 billion, while northbound mainland stocks had a net outflow of RMB 2.14 billion.
Sino-Thai International said that in recent days, Japanese and US stocks have stabilized and have the potential to rise again, focusing on whether some of the "transactional" funds are showing signs of returning to overseas stock markets. Taking into account the positive improvement in both financial and emotional aspects, it is expected that the Hang Seng Index 17200 has changed from resistance to support, and the volatility center of the Hang Seng Index is expected to move up from the previous 16500 points to around 17700 points.
Sino-Thai International suggests that the strategy can be arranged as a bargain-hunting arrangement.
(1) Telecommunications, coal and oil with steady performance growth and improved shareholder returnsTopnftgamestoearnmoney
(2) Technology and medicine that benefit from the stabilization of foreign investment, pay attention to the catalysis of business, continue to recover profits, and increase the intensity of buyback dividends.
(3) Copper mines, household appliances, textile jobs, shipping, international consumer goods, etc., which benefit from the recovery of overseas economy.
(4) Construction machinery, electrical equipment and consumer durables supported by industrial policies
(5) the real estate policy is looking forward to, and the inner house and agent construction of the central state-owned enterprises will perform better.
The profit correction pressure on partially weighted technology or financial stocks is the main reason for the end of 10 consecutive gains in the Hang Seng Index.
For example, NetEase (9999 HK), Meituan (3690 HK), Baidu (9888 HK) and JD.com (9618 HK) fell 5.0%, 4.0%, 2.2% and 2.1% respectively, while AIA (1299 HK), which has rebounded sharply from its recent low share price, also fell 2.0%.
Funds have also been diverted from heavyweight leaders to other sectors, such as industry, chemicals, materials, energy, consumer electronics and shipping. For example, Sany International rose 12.0%, Haifeng International also rose 3.7%, and its share price reached a new closing high since August 2022. The price of refrigerant rose continuously, and the share price of Dongyue (189 HK) rose 5.6%, the highest since August 2023.
Two Fed officials sent dove signals, such as Richmond Fed Chairman Barkin, who believes that current interest rates should be enough to cool the economy and bring inflation back to its 2% target, while the strong performance of the job market gives officials time to wait.
Williams, president of the Federal Reserve Bank of New York, believes that the Fed is expected to cut interest rates at some point, while pointing out that the economy as a whole tends to be better balanced as economic growth slows.
Us 10-year Treasury yields are likely to return to the downside in the medium term under high shocks in the short term. China gold (2099 HK) and Shandong gold (1787 HK) rose 3.8 per cent and 2.5 per cent respectively on expectations of interest rate cuts.