In the afternoon, the decline in Hong Kong stocks suddenly expanded.
The Asia -Pacific market is dived in the entire line
In the afternoon, the HSI suddenly fell below the 20,000 -point mark.Fall more than 2%, in addition, the Hang Seng Technology Index has also expanded.
The A50 index also dives after the early searcation is high, and the straight line turns green.
In terms of stocks, fell more than 7%, JD.com fell more than 4%, ideal ideal, ideal ideal, ideal ideal, ideal ideal, ideal ideal, ideal ideal, ideal idealThe car fell nearly 4%.
Zhongsheng Holdings (00881.HK) fell more than 7%, and the session fell nearly 12%.On the news, Zhongsheng Holdings issued an announcement saying that the company signed a preliminary negotiation agreement with Selis, agreed to conduct further consultations on the distribution of new energy vehicles under the cooperation.
In addition, the Asia -Pacific market also dives collectively. Among them, the Nikkei 225 index fell 1%, and the Korean integrated index fell more than 1%.
In fact, after the end of the US election, due to the US dollar index and , etc.The "Trump Trading" variety continues to be strong, and the markets of many countries have shocked. In addition, the uncertainty of Trumps policy after taking office has also exacerbated market fluctuations.
Zhang Yansheng, a researcher at the China Macroeconomic Research Institute, believes that Trump has broken the international order by unconventional means such as "retreating group".Even the uncertainty of the ally.Because they are unwilling to bear the responsibility for the supply of international public products, these policies may enhance US economic competitiveness in the short term, but may weaken their global leadership and reduce trust in the United States in Europe, Japan, and South Korea.
In terms of A shares, the Shanghai Stock Exchange Index, Science and Technology Board, and Bei Stock 50 Index flutter green.
Wang Youxin, a senior researcher at the Bank of China Research Institute, believes that the anti -external impact capacity of A shares will gradually increase after a short -term fluctuation and return to the fundamental impact of economic fundamentals.The implementation of a domestic package incremental policy is expected to stabilize the economy and relieve external fluctuations.
Head brokers: A shares are currently standing on the starting line of the annual marathon market
CITIC SecuritiesThe research report pointed out that in 2025, A shares are currently standing on the starting line of the annual marathon market. The stable housing prices in the core cities and the rise in social financing will become a warranty. The domestic credit cycle, macro price, and A -share profit will be welcomed.The new starting point of the coming cycle, the investment and financing ecology of A shares, investor ecology, and product ecology have also stood up with a new starting point.
Personal investor and institutional investor funds will be the main drive of the market. ETF will become an important configuration tool.In the marathon market, the growth of excellent performance, domestic demand consumption, and mergers and acquisitions will become three important tracks.
In addition, CITIC Securities Research Report pointed out that since this year, under the launch of a series of policies in my country, the transaction environment of Hong Kong stocks has improved significantly and pessimism has reversed.And even after the recent strong rise, the current valuation of Hong Kong stocks in the global dimension is still very attractive.In particular, in the context of the revenue of the main broad -base index of Hong Kong stocks in 2025, the price -performance ratio of the valuation and profit matching dimension is even more prominent compared with the improvement of this year and the performance pressure is significantly relieved.
Looking back, as the "right to speak" in the Hong Kong stock market in the Hong Kong stock market continues to rise, the growth and financial sector of its preferences may usher in moreGood liquidity support.In addition, judging the trend of the RMB against the US dollar in the future will be driven by the relative changes of the economic fundamentals of the two countries, and there is no need to overly worry about foreign investment or continue to flow out of the Hong Kong stock market due to potential trade disturbances. Looking forward to 2025, with the gradual implementation of a series of policies in my country, and the continuous improvement of investors expectations, it is judged that Hong Kong stocks will usher in a reversal market. It is recommended to pay attention to: 1. Non -silver finance with strong beta attributes, especially insurance and Hong Kong diplomatic relations : 2 . The technology and consumer sector is expected to usher in the continuous valuation repair market, including the Internet, consumer electronics, biotechnology and teaching and training.
Responsible editor: Peng Bo
School pair: Yang Shuxin
