Afternoon Review: Hang Seng Index Fell 0.64%, Narrowed &Nbsp, And Chinese Insurance Stocks Rose.
Affected by the sudden increase in interest rates by the central bank,
Hong Kong stocks
This morning, a sharp low opening of over 1%, followed by A shares rose to lift, the Hong Kong stock market rebounded sharply narrowed, the state-owned enterprises index rose once in a row.
As of noon, the Hang Seng index reported 23612.16 points, down 151.57 points, or 0.64%, while the state-owned enterprises index was 13529.73 points, down 43.87 points, or 0.32%, and the red chip index was 4308.88 points, down 74.87 points, or 1.71%.
The market traded at HK $76 billion 560 million in half day.
from
Disk surface
Look, Hang Seng financial sub index is flat, Hang Seng utilities index fell 0.50%, Hang Seng real estate index Hengsheng business classification index fell 1.23%.
A shares are stronger than H-shares, Hang Seng AH share premium index rose 1.17% to 103.92 points.
Only 6 of the 45 blue chips rose, and the fall was obvious.
China Resources Land
Down 4.08%, China's overseas development fell by 3.28%, and Hongkong's real estate stocks also weakened, and the decline in letters and home, Sun Hung Kai estate and Hang Lung real estate exceeded 1%.
China's oil and CNOOC fell more than 2%, while China Shenhua, China Aluminum and China Coal Energy fell more than 1%.
The performance of Chinese banking stocks fell, industrial and Commercial Bank fell 0.32%, Construction Bank fell 0.41%, and Bank of China fell 0.43%.
Benefiting from the central bank's interest rate increase, Chinese insurance stocks rose against the market, China life increased 4.01%, and China's security rose 2.63%.
Blockbuster HSBC Holdings fell 0.79%, China Mobile fell 1.08%, lagging behind the big market.
Chen Yu, an analyst at Huatai Hongkong, said that the interest rate suddenly increased yesterday. This suggests that inflation accelerated in September and risks of losing control. If CPI is close to or more than 4%, there will probably be another round of interest rate hikes.
Analysis of the impact of raising interest rates on the stock market, the central authorities only dare to use interest rate monetary instruments when the economic recovery foundation is good.
On the other hand, the increase of interest rates in the mainland will definitely push the RMB further to appreciate, and the hot money overseas will flow into Hongkong more and more fiercely.
It is expected that Hong Kong stocks will fall back together with Europe and the United States at a rate of around 200-300 points.
I believe Hong Kong stocks will be healthier after a short break.
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