U.S. stocks fell on Friday, and Hong Kong stocks were expected to have no operation at the opening. As a result, the Hang Seng Index opened more than 600 points lower, and the correction was acceptable. In the afternoon, the U.S. Dow Jones Index futures fell by more than 600 points, and the Hang Seng Index finally closed down 738 points.
The Dow Jones index plunged by 880 points last week, and the number of declines was quite strong. U.S. stocks plummeted, mainly because the inflation figure of 8.6% exceeded market expectations, and investors worried that the interest rate meeting this month would have a chance to increase by 0.75%. Over the past year, Wall Street predators used to sell the index lower before the technical department discussed interest rates. When the result is revealed, the bad news is regarded as good news. The Federal Reserve is meeting interest rates this week, and the predators have repeated their old tricks and plunged the index sharply lower. This move not only calls the Fed to betray the mouse, but also controls investor expectations. At present, the interest rate may be raised by 0.75%. If the Fed adds 0.5% by then, it will be “milder than expected”.
New Oriental’s live broadcast has become a strange work against the market
The masterful management of predatory expectations has enabled the US stock market to fall less and less, but the US inflation momentum has not stopped, and there are gradually signs of exceeding the Fed’s control. If US inflation is out of control, especially if the market loses confidence in the US dollar, the US will increase The rate of interest is not determined by the Reserve Bureau, and the US stock market also has the risk of losing control. Since the beginning of the Russian-Ukrainian war, there is a tendency to develop into a long-term regional war. If this is the case, the impact on the price structure of Europe and the United States will not disappear for a while, and the West will pay the economic price for this. There are many losers and winners. It is not good for the stock market as a whole.
It should be noted that the “Wall Street Journal” quoted news that the White House may announce that President Biden will visit Saudi Arabia next month to improve relations with the Middle East countries to cope with global challenges such as high oil prices. Oil prices fell to $120 a barrel in Asian hours. Some analysts believe that oil prices can stay at $120 a barrel due to the sharp drop in Russian supply. If demand from the mainland recovers, oil prices are expected to be higher. U.S. gasoline prices have recently risen above $4 a gallon, so Biden has to act fast.
Compared with the United States, the data released by the mainland last Friday was better. In addition to stronger than expected imports and exports, credit growth in May was relatively strong. In May, RMB loans increased by 189 million yuan, a year-on-year increase of 392 billion yuan, and a month-on-month increase of 124 million yuan. , reflecting the acceleration of credit expansion under the guidance of the central government to prevent the economy from stalling. Under the vigorous boost of the central government, although Hong Kong stocks adjusted yesterday, many mainland-related stock prices were still able to buck the trend. Among the stocks rising against the market, the most amazing is the online education stock New Oriental Online (1797). The market’s explanation for the surge in stock price is that founder Yu Minhong stated in his personal account “Lao Yu Gossip” that in order to promote New Oriental’s high-quality educational products , and other high-quality education-related products, formed the “New Oriental Live Room” team, and introduced the development direction of the New Oriental Live Room.
According to him, the newly formed team will specifically promote New Oriental’s high-quality educational products and other high-quality education-related products, including books, smart software and hardware learning equipment, and learning-related cultural and educational supplies. The education stock’s live broadcast caused the stock price to skyrocket. It must be said that most experts were surprised. It can only be said that Yu Minhong’s charm is unstoppable. According to internal media reports, New Oriental’s live broadcast sales increased by more than 17 million yuan, and New Oriental Online rose 40% against the market to close at 8.72 yuan; New Oriental (9901) rose 13% to close at 14.48 yuan; Chengshi Foreign Education (1565) rose 21% %, closed at 0.229 yuan; Tianli Education (1773) and Siile (1769) both rose 6%.
U.S. futures fall, Hong Kong stocks tumble after afternoon
The external shock was undecided, and the trend of Hong Kong stocks fell repeatedly. The Hang Seng Index closed at 21,067 points, down 738 points; the State-owned Enterprises Index closed at 7,340 points, down 269 points; the KSE Index closed at 4,598 points, down 227 points, with a turnover of 159.4 billion yuan. U.S. stock futures have been added during the Asian session, so yesterday’s decline in Hong Kong stocks included the sharp drop on Friday and the decline in U.S. stock futures yesterday afternoon.
Technology stocks really took advantage of the situation to retreat. Alibaba (9988) added 8% to close at 103.8 yuan, being the worst performing blue-chip stock; Meituan (3690) slumped 6.5% to close at 188.2 yuan; JD.com (9618) fell 5% to close at 239.2 yuan Yuan; Baidu (9888) plunged 7% to close at 139.1 yuan; Tencent (700) fell 5% to close at 377 yuan; NetEase (9999) fell 6% to close at 162.6 yuan; Bilibili (9626) plunged 10% , to close at 196.9 yuan.
The RMB was under pressure and the sales data of mainland real estate fell in May. The mainland real estate and property management stocks were under pressure. Country Garden (2007) and Country Garden Services (6098) both fell 8% to close at 27.8 yuan; Longfor (960) fell 4%. To close at 31.9 yuan; KWG (1813) shed 11% to close at 2.16 yuan; CIFI (884) fell 8% to close at 3.27 yuan. Seeing how urgent the adjustment of individual stocks is in one day, I understand that when buying stocks during the interest rate hike period, it is not necessary to rush to buy a package with full food.
Lu Yuren
