Multiple negative collective releases in the Hong Kong stock market, and the main indexes collectively closed down, with the Hang Seng index falling by more than 500 points and the technology index falling by nearly 4%. In addition, Tencent Holdings (00700. HK) and Alibaba SW (09988. HK) both fell, triggering a major earthquake in the market.
As of the close, the Hang Seng Index fell 2.54% or 523.60 points to close at 2012068; The science and technology index fell 3.98% or 169.65 points to close at 409072; The SOE index fell 2.68% to close at 689919.
multiple negative superposition and collective pressure on Hong Kong stock market
U.S. stocks fell collectively overnight. The NASDAQ closed down 4.7% and fell sharply by 5% during the session. The NASDAQ heavyweight technology stocks floated green across the board, and the Dow closed down about 1200 points. At the same time, China concept stocks listed in the United States also adjusted, including JD. Us fell 4.6%, baidu (BIDU. US) fell 3.71% and Alibaba (Baba. US) fell 5.05%.
In addition to the poor trend of the US stock market, Tencent's Q1 revenue and net profit were lower than expected, which greatly suppressed market sentiment.
Note: Hang Seng Index
Taking the Hang Seng Index as an example, the index once fell by more than 3%, but then the market rose slightly, but fortunately, the index still closed above 20000 points.
From the perspective of the constituent stocks of Hang Seng Index, Alibaba SW (09988. HK) and Tencent Holdings (00700. HK) caused a decline of more than 200 points to the Hang Seng Index; At the same time, among the constituent stocks of the science and technology index, they caused a decline of more than 50 points to the science and technology index. It can be seen that Ali and Tencent fell collectively, putting pressure on market sentiment.
Note: constituent stocks of Hang Seng Index
short term Internet has no profit inflection point and is expected to remain under pressure in the second quarter
Zhongtai international pointed out today that China has recently continued to release favorable policies for the Internet industry, which also makes investors' expectations for future policy supervision have been relatively full, and the marginal impact is expected to gradually fade. However, investors will still expect more policies to actually support platform enterprises, and technology stocks are currently in the preliminary stage of revaluation.
Therefore, under the impact of the epidemic, the regression of Internet dividends and the implementation of regulatory policies, the performance of science and technology stocks mainly depends on cost reduction and efficiency enhancement. At present, there is no inflection point in the industry's profit, and it is expected that the profit in the second quarter will still be under pressure.
Affected by the adjustment of Alibaba and Tencent, the trend of most sectors was weak. Among them, concept stocks such as Internet, yuanuniverse and mobile games all fell. Affected by inflation, home appliance stocks also fell with the market. Photovoltaic concept stocks benefited from the 100 billion energy transformation plan in Europe and America, and infrastructure stocks rose in the afternoon.
technology stocks all fell, and institutions are still optimistic about the future of the Internet
In addition to Alibaba and Tencent, meituan-w (03690. HK) fell 3.78%, JD group-sw (09618. HK) fell 3.70%, Xiaomi group-w (01810. HK) fell 4.97%, bubble Mart (09992. HK) fell 3.47% and heart company (02400. HK) fell 2.36%.
Although technology stocks fell into a "miserable" state, most of them are optimistic about the valuation repair of Internet companies. Taking Citic Securities Company Limited(600030) as an example, the broker pointed out that Internet companies such as Alibaba (09988. HK) and Tencent Holdings (00700. HK) have reached 4% and 2% of the valuation quantile in recent five years. Even if the investment logic of the Internet has changed, Chinese Internet companies still have comparative advantages in the international competition of next-generation cloud computing and AI driven digital economy.
inflation remains high, JS global life led the decline in home appliance stocks
Among home appliance stocks, JS global life (01691. HK) and Haier Smart Home Co.Ltd(600690) (06690. HK) led the decline.
Note: performance of home appliance stocks
China International Capital Corporation Limited(601995) recently pointed out that high inflation in Europe and the United States has increased production costs and reduced market demand compared with the same period last year, putting pressure on the income side of overseas household appliances. In addition, China's supply chain and logistics are blocked. In the short term, the company's business is affected to a certain extent.
EU announces 210 billion energy transformation plan, Chinese photovoltaic enterprises will benefit
Overnight, the EU announced an energy transformation plan worth 210 billion euros on Wednesday, which mentioned that the proportion of renewable energy is expected to increase from 40% to 45% by 2030. In addition, they expect to connect 320 GW of Cecep Solar Energy Co.Ltd(000591) photovoltaic to the grid by 2025, which will double that in 2020 and reach 600 GW by 2030.
Citic Securities Company Limited(600030) pointed out that since the beginning of this year, the conflict between Russia and Ukraine has triggered an energy crisis in Europe. European countries have paid more attention to energy security and energy independence, accelerating the transformation to renewable energy. At the same time, the capacity layout of photovoltaic manufacturing industry in Europe is less, and most products will come from the supply of Chinese enterprises, which will further stimulate the demand for Chinese products.
As of the closing, GCL Technology (03800. HK) rose 5.81%, new special energy (01799. HK) rose 5.45%, Luoyang Glass Company Limited(600876) shares (01108. HK) rose 3.71%, and Flat Glass Group Co.Ltd(601865) glass (06865. HK) rose 3.44%.
Note: photovoltaic solar concept stocks
steady growth policy continued to work, and infrastructure stocks rose in the afternoon
With the sustained development of the steady growth policy and the control of the epidemic, the market expects that infrastructure investment will gradually pick up. In addition, Premier Li Keqiang held a symposium recently to study and deploy further steady growth and stabilize market players and ensure employment.
The above news triggered the rise of infrastructure stocks, of which China Railway Construction Corporation Limited(601186) (001186. HK), China Zhongzhi (01618. HK) and China Communications Construction (01800. HK) all rose by more than 1%.
Note: performance of infrastructure stocks
southbound funds
The net inflow of southbound funds today was HK $5.328 billion.
market stock news and changes
[clover biology rises by more than 40% and covid-19 vaccine is expected to complete China's registration application]
Clover bio-b (02197. HK) rose over 44.09% to HK $4.02. Previously, the company announced the research results of covid-19 vaccine in March this year, and plans to complete the application for registration in China in the middle of this year.
[Yasheng pharmaceutical super 6% orebatinib has the potential to treat covid-19]
Yasheng Pharmaceutical (06855. HK) rose 6.41% to HK $14.28. Covid-19 cell strain has the potential to induce SARS covid-2, covid-19 announced on Wednesday.
It is reported that orebatinib has been approved to be listed in China for the treatment of any TKI resistant chronic myeloid leukemia (CML) with T315I mutation in chronic phase (CP) or accelerated phase (AP).
[Yuexiu real estate rose by more than 4% and Guangzhou Pazhou South TOD project was approved with 49% equity]
Yuexiu real estate (00123. HK) rose 4.04% to HK $8.49. The company recently said that Yuexiu real estate's acquisition of 49% equity of a new TOD project (pazhounan project) was approved by 84.37%.
