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The Hang Seng Index opened 0 higher.98% analysts: Hong Kong stock market is going through a difficult period

The Hang Seng Index opened 0 higher.98% analysts: Hong Kong stock market is going through a difficult period
Under the influence of the new crown virus epidemic and the international oil price “black swan”, the US stock index fell by more than 7%, the Asia-Pacific stock markets generally opened lower, and the Hong Kong stock Hang Seng index opened higher on March 10.98% reported to 25285.68 points.In terms of sectors, land stocks led the way, with Country Garden rising 4.88%.Oil stocks rebounded, CNOOC rose 3%.In terms of individual stocks, China Shengmu, Xinchang Chuangzhan Holdings, Tianrui Automotive Interiors, and Strait Petrochemical led the gains.How does the plunge in oil prices affect Hong Kong stocks?GF Securities analyst Liao Ling believes that the impact of the earlier U.S. stocks ratio is more complicated. In the short term, the rate of change is up and the estimates are under pressure, which leads to “pros and cons.”-The positive factor is that the U.S. economic decline and loose expectations are pushing the dollar weakerThe unfavorable factor is that through cost conversion, it affects the economic and profit growth hub.In general, even when oil prices fell sharply in history, they even “fall more and rise less”, but the law of oil prices and the HSI is not as stable as that of US stocks, and it is gradually moving towards the common influence of overseas liquidity, exchange rate, and profit fundamentals.Liao Ling pointed out that from the perspective of market sentiment indicators, the Hong Kong stock market is going through a difficult period. The bearish ratio has risen sharply, and the Hang Seng Index’s rate of change has soared. At present, investors’ pessimistic expectations are close to the extreme level of “crisis style”.Liao Ling said that considering the strong “momentum effect” of the market decline, there are still potential risks in the market in the short term. The upward mean return of the value pendulum needs to wait for the overseas change rate center and the risk premium to fall. We expect to wait for a while.Overseas epidemic situation, oil price volatility is the main observation point; when, starting in mid-March, EPS of Hong Kong stocks still face the risk of phased down, or continue to suppress the short-term performance of Hong Kong stocks.Sauna, Ye Wang Zhang Siyuan Editor Chen Li proofreading Chen Diyan