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I. Market Review
Last week, the market fell steadily. The gem index fell below the negative line in four of the five days. There were many large-scale general declines on the disk. Only last Friday did the market sentiment stabilize a little and show signs of improvement.
2. However, this weekend, some confirmed cases broke out in Beijing (and the press release stressed that they had been hidden and spread for a week, involving schools, tour groups and multiple families). The expectation of economic recovery has been overshadowed again, and the market trend has become complicated and confusing again; A50 is weak before the market and needs to be treated with caution today.
III. today's news:
1) [exchange rate / export] after trading on Friday, the RMB exchange rate continued to decline, and the exchange rate of the US dollar against the RMB rose to 6.50 from 6.47 at 3 p.m. on Friday, a new high since September 2021; The recent depreciation trend of RMB exchange rate is strong, which is positive to the export chain.
2) [hepatitis] the World Health Organization (who) said on Saturday that the number of cases of acute hepatitis in children with unknown etiology has increased. 12 countries have reported at least 169 cases of children and at least one child death.
3) [pork] on April 24, according to the data of the national development and Reform Commission, as of April 20, the exit price of pigs nationwide was 14.18 yuan / kg, up 5.51% from April 13;
Investment strategy: when the market enters the short-term emotional freezing point + height board, look at the rebound in the short term and pay attention to opportunities. The short-term depreciation of RMB accelerated and continued to boost the speculation on export trade topics, such as textiles and clothing, cross-border e-commerce, shipping and other varieties; In addition, pay attention to the investment opportunities of related drugs caused by hepatitis cases in the short term.
