Today, affected by the conflict between Russia and Ukraine, Hong Kong stocks continued to fall. The Hang Seng Index fell 3.21% to break 23000 points, the national index fell 3.44% to 8030 points, and the Hang Seng technology index fell 4.33% to 5069 points, setting a new record low. The net inflow of funds from the South was HK $2.369 billion, and the turnover of the market was HK $176.9 billion.
On the disk, the industry sector fell almost completely, with automobile stocks and education stocks falling ahead, while tobacco concept stocks, yuancosmic concept stocks, catering stocks, large financial stocks, pharmaceutical stocks, interior housing stocks and property management stocks fell together. On the other hand, due to the impact of risk aversion, gold stocks and oil stocks rose against the trend, the price of liquefied natural gas in China soared, and gas stocks rose slightly. Weight technology stocks led the big market, Alibaba fell 6.67%, Kwai, Baidu, millet fell more than 5%, Tencent, the U.S. group fell nearly 4%.
specifically:
Education stocks made a sharp correction. Dashan education fell by more than 9%, Guangzheng education and maple leaf education fell by more than 7%, China Education Holdings fell by more than 6%, hope education and new oriental-s fell by more than 5%, Yuhua education fell by more than 4%, and 21st century education and Gaoxin education group fell by more than 3%.
Auto stocks fell sharply, with Xiaopeng automobile falling by more than 7%, ideal automobile falling by more than 6%, Great Wall Motor Company Limited(601633) and Yadi holding falling by more than 5%, Geely Automobile and Byd Company Limited(002594) shares falling by more than 4%, and BAIC motor and Guangzhou Automobile Group Co.Ltd(601238) falling by more than 3%.
Tourism stocks fell, with Japan travel down more than 12%, Ctrip group down more than 6% and Tongcheng travel down more than 4%.
Property stocks led the decline, with Xincheng Yue service, Jinke service and Shidai neighborhood falling by more than 7%, and Evergrande property, China Resources Vientiane life, Xuhui Yongsheng service and jiazhaoye Meihao fell by more than 6%.
Oil stocks strengthened, with China oil and Gas Holdings up more than 10%, PetroChina up more than 3%, CNOOC oilfield services up more than 2%, and CNOOC following up.
The international oil price continued to rise, and the oil distribution exceeded the $100 mark. The oil from the United States and Burundi are now up 5% to $96.86/barrel and $101.86/barrel respectively. Soochow macro analysis team believes that the improvement of oil demand and the poor expansion of supply will lead to the continued high oil price. From the perspective of supply and demand, the oil demand will continue to recover in 2022. Supply side factors are complex. The escalation of the conflict between Russia and Ukraine may accelerate the progress of the Iranian nuclear negotiations, and production capacity is still the biggest constraint.
Gold stocks rose against the trend, Shandong Gold Mining Co.Ltd(600547) rose more than 4%, and Zhaojin mining and China National Gold Group Gold Jewellery Co.Ltd(600916) international rose more than 2%.
Spot gold rose to a new high in more than a year and is now reported at US $1942 / ounce, up 1.75%. China Securities Co.Ltd(601066) the research report pointed out that since February, gold has seen a smooth upward trend against the background of soaring inflation in the United States and the fermenting conflict between Russia and Ukraine. Although the expectation of raising interest rates also rose synchronously during this period, the price of gold had been basically included in the expectation in advance, and the fundamental driving force of tightening expectation was that inflation continued to rise to an all-time high. The risk aversion caused by the continuous tense situation between Russia and Ukraine has also formed an important supporting role for gold in the short term. In the future, the impact of the expected interest rate increase on gold will gradually decline, the risk aversion of the geographical pattern will continue to ferment, or the pricing will gradually start the second downward exploration of the global economy. It is expected that the medium-term upward trend will remain unchanged and firmly bullish.
Gas stocks closed up slightly, with ENN energy and PetroChina gas up more than 2%, and China Resources gas up more than 1%. Russia Ukraine war, European natural gas futures prices rose 41%.
In terms of stocks, HKEx fell 5.42 to HK $394.6 / share, with a total market value of HK $500.2 billion. In terms of news, the net profit of HKEx in 2021 was HK $12.54 billion, with an estimated HK $12.86 billion; Annual revenue and other income amounted to HK $20.95 billion, a year-on-year increase of 9%; The annual revenue and other income of Shanghai Shenzhen Hong Kong stock connect was HK $2.72 billion.
The net inflow of southbound funds was HK $2.369 billion, including HK $831 million for Hong Kong stock connect (Shanghai) and HK $1.538 billion for Hong Kong stock connect (Shenzhen).
looking ahead, Founder Securities Co.Ltd(601901) believes that the impact of sudden uncertainty has been partially reflected in the market, and some subsequent expected events will not cause unexpected large fluctuations in the stock market. However, it is still unknown when the Ukrainian incident will end and what the final outcome of the game will be. For the Internet industry, the agency believes that the market’s share price has significantly adjusted in the absence of clear information, which reflects the fragile investor sentiment after last year’s industry antitrust, which is exacerbated by the expectation of interest rate hikes in the United States and the tension in Ukraine, and the market will gradually return to fundamentals in the future.
