Since this month, most European and American stock markets have declined, and the NASDAQ index is the worst performing index this month, with a cumulative decline of 7.43%.
the three major indexes of US stocks fell across the board
The three major US stock indexes opened low and went low overnight. The Dow and the S & P 500 closed down 3.57% and 4.04% respectively, the biggest daily decline since July 2020. The NASDAQ fell more than 5% and closed down 4.73%. The latest closing price is equivalent to the price in November 2020.
vix panic index once rose more than 20% , closing up 18.62%, the latest report was 30.96.
In terms of individual stocks, large US technology stocks fell across the board, with apple down 5.64%, Amazon down 7.16%, Google down 3.93%, Facebook down 5.12%, Naifei down 7.02% and Microsoft down 4.55%. U.S. and banking stocks fell collectively, with JPMorgan Chase down 1.7%, Goldman Sachs down 2.1%, Citigroup down 3.66%, Morgan Stanley down 2.56%, Bank of America down 3.11% and Wells Fargo down 3.5%.
US stocks fell or due to the recent UN reduction of global economic growth forecast in 2022. China Central Television News reported that on the 18th local time, the United Nations released the world economic situation and prospects in 2022. The report predicts that the global economic recovery has been disrupted by the conflict between Russia and Ukraine, triggering a huge humanitarian crisis, raising food and commodity prices and increasing inflationary pressure worldwide.
According to the report, 2022, the global economic growth rate was reduced to 3.1%, lower than the growth rate expectation of 4% released in January 2022 The report predicts that global inflation will increase to 6.7% in 2022, twice the average inflation rate of 2.9% between 2010 and 2020, and food and energy prices will rise sharply. Among them, the EU's economic growth prospects are significantly weakened. It is expected that the EU's GDP will grow by only 2.7% in 2022, rather than the 3.9% predicted at the beginning of January.
With regard to the recent inflation situation outside China, Ping An Securities believes that the uncertainty of the current overseas inflation situation still exists, there is the possibility of further escalation of China's structural inflation risk, and the recent depreciation of the RMB exchange rate may further boost the risk of imported inflation. In the future, the measures of industrial policy in ensuring supply and price stability, stabilizing logistics and industrial chain still need to be accelerated, and fiscal policy needs to play a more important role in helping enterprises to bail out.
Since this month, the overseas situation has continued to fluctuate, and most stock markets in Europe and the United States have declined. In terms of major global indexes, NASDAQ index became the worst performing index this month, with a cumulative decline of 7.43% . As of the latest closing date, except for the Russian RTS index, the three major A-share indexes performed best in the month, rising by more than 1%.
Tesla is excluded by S & P ESG index
On May 18 local time, Standard & Poor's Dow Jones index company announced the annual routine index adjustment on its official website, removing Tesla from its S & P 500 ESG index , market news said it was concerned about Tesla's investigation after dealing with automatic driving related accidents. Elon Musk, CEO of Tesla, said that ESG was an "outrageous scam". He also said that he would no longer support the Democratic Party and would vote for the Republican Party.
As soon as the news came out, Tesla's share price fell sharply, down nearly 8% and closing down 6.8%. Since April 5, Tesla's share price has continued to retreat, with a cumulative decline of about 38.03%. The latest closing price is $709.81, the lowest closing price since September 2021. The decline in share price made Tesla's market value evaporate $53.7 billion overnight (the contract RMB exceeded 360 billion, nearly two Saic Motor Corporation Limited(600104) market values).
support the legal and compliant listing and financing of digital economy at home and abroad
At the Symposium on stabilizing growth, stabilizing market players and ensuring employment held yesterday, it was proposed to support the legal and compliant listing and financing of platform economy and digital economy at home and abroad, and create a stable, transparent, fair competition and incentive innovation system, rules and business environment.
In addition, the CPPCC National Committee recently held a special consultation meeting on "promoting the sustainable and healthy development of digital economy" in Beijing. The meeting said that China's status as a major country in the development of digital economy is stable and has broad prospects for development in the future. We should promote the deep integration of digital economy and real economy, guide the digital transformation of small and medium-sized enterprises, and fully tap the development potential of industrial Internet.
Recently, digital economy concept stocks have continued to be active. Seven stocks have increased by more than 10% since this month, with Cngr Advanced Material Co.Ltd(300919) , Sanan Optoelectronics Co.Ltd(600703) , Thunder Software Technology Co.Ltd(300496) rising by 28.64%, 13.28% and 11.94% respectively. Since this month, northbound capital has increased its position in 23 digital economy concept stocks, and the shareholding of Goertek Inc(002241) , Tcl Technology Group Corporation(000100) , China United Network Communications Limited(600050) has increased by more than 10 million shares.
Goertek Inc(002241) has been net bought by northbound funds for four consecutive days. Since the rebound at the bottom, the stock has increased by more than 30%. On the news side, Goertek Inc(002241) 4 / 27 was the first to disclose the semi annual performance forecast, which is expected to achieve a year-on-year increase of 20% - 40%, mainly due to the increase in the sales revenue of the company's vr virtual reality, intelligent game console and other products. After the release of the forecast, Goertek Inc(002241) rose the limit for two consecutive days.
In terms of performance, the net profit of seven digital economy concept stocks doubled in the first quarter, including Wuhu 37 Interactive Entertainment Network Technology Group Co.Ltd(002555) , Zhejiang Chint Electrics Co.Ltd(601877) , Sg Micro Corp(300661) , etc Wuhu 37 Interactive Entertainment Network Technology Group Co.Ltd(002555) in the first quarter, the net profit attributable to the parent company was 760 million yuan, with a year-on-year increase of 550.8%. The company said that it was mainly due to the different life cycle of the main game products operated in the reporting period and the same period of the previous year. At the same time, the company's fine operation results were further highlighted, the vitality of the stock products was continuously activated, and the business at home and abroad was promoted simultaneously, which promoted the steady development of the company's performance.
