Hong Kong stocks, Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), and Agricultural Bank of China (ABC) A-shares all hit record highs.
Hello everyone, I'm Jiangxin, and this is my review notes
Today's market:
Hong Kong stock market indices generally rose, with the Hang Seng China Enterprises Index up 0.98%, the Hang Seng Index up 0.82%, and the Hang Seng Tech Index up 0.31%.
A-share market indices generally fell, with the Shanghai Composite Index down 0.50%, the ChiNext Index down 0.98%, the Shenzhen Component Index down 1.03%, the STAR 50 down 1.25%, and the BSE 50 down 2.64%.
U.S. stock market indices generally rose, with the Dow Jones up 1.18%, the S&P 500 up 1.09%, and the Nasdaq up 1.03%.
Tech stocks declined, with Baidu-SW up 3.17%, JD Group-SW up 1.60%, NetEase-S up 0.91%, Xiaomi Group-W up 0.32%, Kuaishou-W down 0.70%, Bilibili-W down 1.20%, SenseTime down 1.33%, Tencent Holdings down 1.45%, Meituan-W down 1.89%, and Weibo-SW down 2.01%.
Property stocks were mixed, with China Jinmao up 2.11%, Midea Real Estate up 1.40%, Logan Group up 0.94%, China Resources Land up 0.90%, Longfor Group up 0.79%, China Overseas Grand Oceans Group up 0.59%, China Overseas Land & Investment up 0.49%, Vanke Enterprise up 0.18%, C&D International Group up 0.16%, Seazen Group flat, Agile Group flat, CIFI Holdings flat, Greentown China down 0.11%, Yuexiu Property down 0.20%, Shimao Group down 0.90%, Radiance Holdings down 1.37%, Sunac China down 3.28%, Guangzhou R&F Properties down 3.42%, and Sino-Ocean Group down 3.77%.
Securities stocks generally rose, with Huatai Securities up 1.24%, Guolian Securities up 1.14%, Guotai Junan Securities up 0.71%, Orient Securities up 0.59%, China Galaxy up 0.57%, Haitong Securities up 0.44%, Everbright Securities up 0.12%, China Securities flat, CICC flat, Central China Securities flat, GF Securities down 0.19%, China Merchants Securities down 0.25%, Shenwan Hongyuan down 0.43%, and Guotai Junan International down 0.88%.
Auto stocks declined, with Brilliance China up 2.83%, BYD up 0.97%, XPeng-W up 0.82%, Li Auto-W up 0.59%, Yadea Group down 0.45%, Nio-SW down 0.99%, Leapmotor down 1.40%, Geely Auto down 1.44%, Great Wall Motor down 1.87%, BAIC Motor down 2.55%, and GAC Group down 2.61%.
Apple concept stocks were mixed, with BYD Electronic up 0.89%, Cowell E up 0.70%, VSTECS up 0.19%, AAC Technologies up 0.14%, Q Technology down 2.01%, FIH Mobile down 2.30%, and Sunny Optical down 4.26%.
Tesla concept stocks generally rose, with LK Technology flat, Ganfeng Lithium flat, and Minth Group flat.
Semiconductor stocks were mixed, with SMIC up 2.83%, ASMPT up 0.79%, Hua Hong Semiconductor down 0.23%, and Shanghai Fudan down 0.64%.
Jiangxin's Review:
Today, SF Holding's Hong Kong shares were added to the Stock Connect, providing a 4-point opportunity
I really don't like A+H shares now, and I usually avoid them, especially stocks that aren't super large-cap. Plus, with short selling allowed on the H-share side, it's like planting pumpkins in the south gate:doubly difficult
There's too much hot money in A-shares. The Stock Connect has indeed made some Hong Kong stocks more like A-shares. When A-shares rally, Hong Kong stocks can be traded T+0 with short selling
Recently, HKEX released a consultation paper on IPO policy reforms, which will further reduce the allocation for retail investors. Another bad move!
Leaderboard Review:
Today, there are fewer Hong Kong stocks with increased trading volume
In A-shares, ICBC, Agricultural Bank of China, and China Construction Bank all hit record highs, while in Hong Kong, they reached 52-week highs
Today, 9992 Pop Mart, 489 Dongfeng Motor Group, 1658 Postal Savings Bank, and 9959 Linklogis-W entered the top 50 most-traded Hong Kong stocks
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