China news, Jingwei, May 20 - on Friday, Beijing time, US stocks opened higher, with the NASDAQ up 1.3%, the S & P 500 index up 0.7% and the Dow up 0.6%. Rose department store fell more than 24%, the first quarter financial report was lower than expected, and the annual performance guidelines were lowered.
Popular Chinese concept stocks generally rose, shell rose nearly 10%, Xiaopeng automobile rose more than 4%, pinduoduo rose nearly 4%, BiliBili rose nearly 4%, and Alibaba rose more than 2%. Weilai rose more than 5%, and Hong Kong stocks were included in the Hang Seng technology index and officially listed on the main board of the Singapore Stock Exchange.
For the performance of zhonggai shares better than the market, Yingda securities Li Daxiao said that the trend of zhonggai shares deserves high attention, especially the core assets. After all, the adjustment is more than 70%. It may take a long time to meet this opportunity of adjustment next time.
According to China Central Television news client, due to the negative factors such as the continuous high inflation in the United States and the Federal Reserve's intensified tightening of monetary policy, a number of U.S. research institutions recently lowered their expectations for U.S. economic growth and warned that the U.S. economy may decline in the next year or two.
According to the data of the US Department of Commerce, the US economy fell by 1.4% in the first quarter of this year, the first contraction since the second quarter of 2020. In order to curb the worst inflation in 40 years, the Federal Reserve announced an interest rate increase of 50 basis points earlier this month, the largest single interest rate increase since 2000, and plans to reduce its balance sheet of nearly $9 trillion from June 1.
(the opinions in this article are for reference only and do not constitute investment suggestions. Investment is risky and should be cautious when entering the market.)
