On Tuesday morning, the A-share market was divided. Driven by the collective sharp decline in the resource sector, the Shanghai stock index fell further. Gem index and Kechuang 50 index rebounded due to the strong performance of new energy track stocks and semiconductor stocks, and the index turned from decline to rise.
The decline of Hong Kong stocks slowed down, and the Hang Seng technology index fell by more than 7% at the beginning of the session, and then rose strongly to once turn red.
a shares showed differentiation: the stock index fell, and the gem and the science and Innovation Board turned red
According to the market data, several major indexes in the A-share market had a great differentiation in the morning, and the Shanghai Composite Index fell again. At one time, it fell nearly 100 points, or about 3%, and then narrowed down to close down 2.18% in the morning.
After falling, the gem index rose rapidly and turned red in the session, with an increase of more than 1%. The Kechuang 50 index was also in a similar situation. It fell significantly at the beginning of the session and turned red again.
In terms of sector performance, resource sectors generally fell sharply, dragging down the performance of Shanghai stock index and other market indexes.
The oil sector fell sharply Zhongman Petroleum And Natural Gas Group Corp.Ltd(603619) once fell 9% Xinjiang Zhundong Petroleum Technology Co.Ltd(002207) , Bomesc Offshore Engineering Company Limited(603727) led the decline. China's crude oil futures contract fell sharply in the morning, with an intraday decline of more than 6%.
Sinolink Securities Co.Ltd(600109) 's research point of view is that through the split of Russia's oil and gas export structure, the largest export regions and countries of Russian crude oil are Asian countries such as Europe, China and South Korea, and the United States accounts for only about 5% of Russia's crude oil exports. Moreover, Russia is not a key importer of oil and gas from the United States. In 2020, the United States imported 294 million tons of crude oil, about 4 million tons of crude oil from Russia, and Russian crude oil accounted for only 1.25% of U.S. crude oil imports. As far as natural gas is concerned, the United States, as a gas producer, imports very little LNG, and the actual natural gas trade between the United States and Russia is less. Therefore, the United States prohibits the import of oil and gas from Russia. On the whole, it has little impact on the supply and demand balance of the global and American oil and gas market, and the symbolic significance is greater than the practical significance.
However, Sinolink Securities Co.Ltd(600109) also believes that if Europe subsequently imposes oil and gas sanctions on Russia, the global and European oil and gas supply and demand structure and balance will be significantly affected.
The coal sector led the decline, with an intraday decline of more than 5% Pingdingshan Tianan Coal Mining Co.Ltd(601666) fell by the limit, and many stocks fell by more than 5% China Shenhua Energy Company Limited(601088) intraday decline of more than 7%.
The steel sector fell by more than 3%, with Maanshan Iron & Steel Company Limited(600808) , Xinjiang Ba Yi Iron & Steel Co.Ltd(600581) , Hunan Valin Steel Co.Ltd(000932) , etc. taking the lead.
Electrical equipment, semiconductor and other sectors rose against the trend.
As one of the market weathervanes, the brokerage sector narrowed its decline in the morning, and there was a wave of obvious rise in many stocks, but then the rise fell again. For example, the price of Caida Securities Co.Ltd(600906) soared during the session, and the limit was raised for a time, but then the limit was opened again.
However, northbound funds continued to be sold net, with a net sales volume of 8.8 billion yuan in the morning and 14.4 billion yuan in the whole day yesterday.
Hong Kong stocks rebounded in the session, and the Hang Seng technology index rose once after falling 7%
Hong Kong stocks continued to decline in the morning. The Hang Seng Index fell below the 19000 mark, once more than 900 points, down about 5%. However, the decline narrowed later, and the intraday decline narrowed to less than 1%.
The Hang Seng technology index made further drastic adjustments at the beginning of the session, once fell by more than 7%, and then quickly narrowed the decline, once turning red and rising in the session.
Among the constituent stocks of Hang Seng Index, Kwai -W, Kingdee International, beerli -SW, Byd Company Limited(002594) electronics, Ming Yuanyun, Jingdong health, -W and many other stocks have turned red after the first crash, for example, the international market of Kingdee has fallen by more than 10% at the beginning of the year, and after that, it rose more than 5% in the intraday market.
Meituan-w once fell more than 7%, not far from the HK $100 mark, but after a rebound, it once returned to above HK $120.
At the beginning of the trading, Tencent holdings further refreshed the stage and adjusted the new low. At one time, the intraday decline was more than 7%. The share price was not far from the HK $300 mark, and then the decline narrowed.
Alibaba SW once plunged nearly 10%, hitting a new low since its listing in Hong Kong stocks, and then the decline narrowed.
Before Hong Kong technology stocks once fell sharply this morning, Chinese stocks in U.S. stocks fell sharply again overnight, and there was no sign of stopping the decline. Among the Chinese concept stocks listed in the United States, many stocks such as pinduoduo, Jinshan cloud, Zhihu, dada group and ideal automobile fell by more than 20%, while Alibaba, jd.com and Weilai fell by more than 10%.
According to CCTV news, on March 14 local time, Yang Jiechi, member of the Political Bureau of the CPC Central Committee and director of the office of the Central Foreign Affairs Working Committee, and Sullivan, assistant to the president of the United States for national security affairs, clarified China's position on the situation in Ukraine during a meeting in Rome, Italy.
Yang Jiechi pointed out that China does not want to see the situation in Ukraine come to this stage. China has always stood for respecting the sovereignty and territorial integrity of all countries and abiding by the purposes and principles of the Charter of the United Nations. China is committed to promoting peace and talks. The international community should jointly support the Russian Ukrainian peace talks, achieve substantive results as soon as possible and promote the cooling of the situation as soon as possible. All parties should exercise maximum restraint, protect civilians and prevent large-scale humanitarian crises. China has provided emergency humanitarian assistance to Ukraine and will continue to make its own efforts to this end.
Yang Jiechi said that we should straighten out the historical latitude and context of the Ukrainian issue, trace the origin of the original and respond to the reasonable concerns of all parties. With a long-term perspective, we should actively advocate the concept of common, comprehensive, cooperative and sustainable security, encourage relevant parties to carry out equal dialogue, seek to build a balanced, effective and sustainable European security mechanism in accordance with the principle of indivisibility of security, and maintain peace in Europe and the world.
Yang Jiechi stressed that China firmly opposes any words and deeds that spread false information, distort and smear China's position.
Among the buying forces in today's Hong Kong stock market, southbound Hong Kong stock funds is one of the main buying forces. Data show that during the session, southbound Hong Kong stock connect once net bought more than HK $5 billion. In the previous trading days, the fund of southbound Hong Kong stock connect also continued to buy Hong Kong stocks net, with a net purchase of HK $3.8 billion on Monday and HK $3.45 billion on Friday. Just yesterday, Hong Kong stocks fell sharply, and the Hang Seng technology index plunged 11%.
For the sharp decline of Hong Kong stocks yesterday, Founder Securities Co.Ltd(601901) the research view is that there are many reasons:
First, the trend of China US relations affects the risk appetite of the stock market.
Second, there is a linkage effect between Hong Kong stocks and Chinese stocks in US stocks. The US foreign company Accountability Act and related events are the fuse for the decline of Chinese stocks in US stocks. However, the issue of cross-border financial supervision is not the essence. Looking forward to the future, the essence is still the change of China US relations.
Third, the number of people diagnosed with covid-19 has increased significantly, and the epidemic prevention pressure in Shanghai and Shenzhen has increased, which is not conducive to the recovery of consumption and other fields and economic growth.
Fourth, from a global perspective, the conflict between Russia and Ukraine is still not over. Investors may think that the geopolitical situation may lead to inflation staying at a high level for a longer time, which will damage global economic growth. Investors may worry that European and American economies fall into a state of "stagflation".
Founder Securities Co.Ltd(601901) believes that under the great changes not seen in a century, China should have all-round financial strength matching its military, economic and political status, so as to occupy an advantage in the big country game. The internationalization of RMB is an important aspect, and the opening of exchange and the internationalization of people's currency will constitute a positive feedback of mutual promotion.
The two sessions set the economic growth target of about 5.5% in 2022. Founder Securities Co.Ltd(601901) believes that the steady growth policy gradually introduced by the mainland is conducive to the rise of Hong Kong stocks in the second quarter, and the steady growth policy will provide policy and fundamental support for the rebound after the crash.
