The Asia Pacific stock market fell further on Tuesday morning. Among them, the Shanghai Composite Index in the A-share market fell more than 2% in the session, once falling below 3300 points, hitting a new low in nearly 16 months. Overall, individual stocks fell more and rose less, and more than 4300 stocks in the two cities fell.
Among the industry sectors in the A-share market, nonferrous metals, coal, oil and other sectors that have recently risen against the trend were collectively adjusted in the morning. The brewing sector rose against the trend, and Kweichow Moutai Co.Ltd(600519) once rose by more than 4%.
The Hang Seng technology index of Hong Kong stocks rose for a time, but then dived and hit a new low in the session.
China’s crude oil futures and fuel oil futures prices rose further, with an intraday increase of more than 11%, and Shanghai nickel and stainless steel futures also rose sharply.
stock index fell below 3300 points and hit a new low in nearly 16 months
Market data showed that all the major indexes of the A-share market fell on Tuesday morning.
As of the morning closing, the Shanghai Composite Index fell 1.99% and once fell below 3300 points, hitting a new low in the last 16 months. Resource stocks collectively led the decline.
The non-ferrous metal sector was significantly adjusted, with a decline of more than 4%.
Zhejiang Huayou Cobalt Co.Ltd(603799) fell by the limit, and the value of the stock market still exceeds 100 billion yuan.
\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\theintraday decline of stocks was more than 6%.
Recently, there has been a continuous short squeeze in the global commodity futures market, and metal futures varieties including precious metals and base metals have risen continuously. On the night of March 7, the price of IME nickel futures soared by more than 80%, which is a rare one-day increase in the commodity futures market. The battle between the long and short sides is extremely fierce.
In addition to the non-ferrous metal sector, the coal sector also adjusted significantly. Yankuang energy, Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , Pingdingshan Tianan Coal Mining Co.Ltd(601666) and other stocks once fell by more than 6%.
The petroleum and petrochemical sector also led the decline Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) fell by the limit, led by Renzhi shares, Oriental Energy Co.Ltd(002221) , Tong Petrotech Corp(300164) .
Recently, the international oil price has risen continuously, and the oil distribution price has dropped after approaching us $140.
China’s crude oil futures prices rose further this morning, with an intraday increase of more than 11%.
According to the research view of Huishang futures, from the perspective of crude oil fundamentals, the growth rate of supply is lower than that of demand, and the oil price continues to rise. Although the current geopolitical risk is temporarily alleviated, there are still high risk factors. It is recommended to pay attention to geopolitical changes in the short term and the supply and demand of crude oil in the long term. From the perspective of operation suggestions, it is recommended to invest rationally and stay on the sidelines under high fluctuations, Or choose varieties to hedge. You can mix more crude oil, air mix asphalt and fuel oil, two oil series varieties closest to crude oil.
brewing sector rose against the trend
Wine maker Kweichow Moutai Co.Ltd(600519) rose sharply by more than 4% in the morning Anhui Golden Seed Winery Co.Ltd(600199) , Luzhou Laojiao Co.Ltd(000568) , Shanxi Xinghuacun Fen Wine Factory Co.Ltd(600809) and other stocks rose sharply during the session. However, the subsequent gains have narrowed.
Kweichow Moutai Co.Ltd(600519) the announcement disclosed last night showed that during the Spring Festival in 2022, the sales momentum of the company’s products was good, the market showed a strong sales trend, and successfully achieved a “good start”. According to the preliminary accounting of the company, from January to February 2022, the company achieved a total operating revenue of about 20.2 billion yuan, an increase of about 20% year-on-year; The net profit attributable to the shareholders of the listed company was about 10.2 billion yuan, a year-on-year increase of about 20%.
Everbright Securities Company Limited(601788) released the research report that Maotai’s deterministic value is highlighted again under the environment of market uncertainty. At present, consumer demand has yet to be restored and regional epidemic has been repeated. The demand resilience and basic support advantages of Moutai have been magnified. Feedback from the Spring Festival has verified the robust performance of the dynamic sales. High-end Baijiu is still a high quality asset with high performance. Since the beginning of the year, the valuation level of the company has dropped significantly because of the market sentiment. The allocation value was further improved Everbright Securities Company Limited(601788) believes that the data from January to February have basically locked in the performance growth in the first quarter, and it is expected to usher in the financial report catalytic market in the future. From the perspective of the whole year, whether it is the acceleration of production capacity release, the structural upgrading brought by product / channel adjustment, the enrichment of product matrix, or the acceleration of market-oriented reform, the company has obvious flexibility in 22 years, and the value of high-quality assets is highlighted again.
In addition, the semiconductor sector rose sharply, Sino Wealth Electronic Ltd(300327) , Shenzhen Sunmoon Microelectronics Co.Ltd(688699) and other stocks rose sharply.
Asia Pacific stock market continues to decline
In addition to the A-share market, other major stock markets in the Asia Pacific market also continued to decline.
The Japanese stock market opened low, and the Nikkei 225 index fell by more than 1% at one time, but after that, it fluctuated repeatedly, and the decline narrowed overall.
The decline in the Korean composite index was also relatively small.
Hong Kong stocks rose once in the morning, but then dived, and the Hang Seng Index turned from up to down.
Hang Seng Index Technology once fell more than 2% in the morning, hitting a new low since the index was released.
Among the technology constituent stocks of Hang Seng Index, mingyuanyun plummeted by more than 10%, with Ctrip group-s, BiliBili SW and JD group SW leading the decline.
Prior to this, US stocks also fell sharply overnight, with the NASDAQ index falling 3.62%.
The situation in Russia and Ukraine continues to impact the sentiment of investors in the global capital market.
According to the wechat comprehensive news of Xinhua news agency, the head of the Russian delegation and Presidential Assistant makinski said on the 7th that the third round of Russian Ukrainian negotiations held in belowege forest in Belarus did not achieve the expected results, but the negotiations between the two sides will continue.
According to RIA Novosti, the negotiations lasted nearly three hours. After the negotiations, meijinsky said that the two sides continued to discuss the political and military aspects in the negotiations, but the progress was not smooth, and the expected effect of the negotiations with Ukraine was not achieved.
Medynski said that Russia hopes that the two sides can sign at least one agreement, but Ukraine said it will take all the negotiation documents back for study, and no documents were signed on the site. He said that the Russian Ukrainian negotiations will continue and hoped that the two sides can take “more substantive steps” next time.
Medynski also said that Russia hopes to reopen the humanitarian corridor on March 8, and has received assurances from Ukraine.
Ukrainian negotiator and adviser to the Ukrainian President’s office podoliyak said on social media on the 7th that the two sides of the third round of Ukrainian Russian negotiations have achieved some positive results on the issue of humanitarian corridors, and evacuees will receive more effective assistance. He also said that the two sides will continue intensive consultations on issues such as ceasefire, truce and ending hostilities.
Slotsky, Russian negotiator and chairman of the International Affairs Committee of the State Duma (lower house of parliament), said after the negotiations on the 7th that the fourth round of Russia Ukraine negotiations will soon be held in Belarus.
