The Hang Seng Index rose 15 points, the Shanghai Stock Exchange was soft, the Shenzhen record board fell all day, and the Dow fell 339 points
The Hang Seng index was stable again and again on the 19th. The Hang Seng index opened 117 points higher, rose 173 points in the early stage, once as high as 24286 points, then fell 161 points, as low as 23951 points, rising 15 points or 0.06% throughout the day to close at 24127 points; The national index fell 7 points or 0.09% to close at 8441 points; The Hang Seng technology index fell 55 points, or 0.98%, to close at 5642 points. The total daily turnover of the big city was 114.962 billion yuan, and the southbound transactions of Shanghai and Shenzhen Hong Kong stock connect had a net inflow of 696 million yuan and 1.144 billion yuan respectively. Some internal housing stocks announced the repurchase of bills and bonds, and the internal housing stocks were well built. Building materials stocks did well, technology stocks weakened, pharmaceutical stocks fell, and gas stocks fell.
On the 19th, the people's Bank of China conducted a 7-day reverse repurchase operation of RMB 100 billion, the interest rate was flat, and the net investment in a single day was RMB 90 billion. The central parity rate of RMB against the US dollar was lowered by 103 points today. After opening slightly lower, the SSE Shenzhen composite index fell repeatedly, with a significant decline in the record board. The turnover of the Shanghai and Shenzhen stock markets exceeded trillion yuan for the 14th consecutive trading day. Shanghai Stock Exchange fell 11 points or 0.3% to close at 3558 points; The Shenzhen composite index fell 184 points or 1.3% to close at 14207 points; The CSI 300 index fell 32 points or 0.7% to close at 4780 points; The gem index fell 68 points, or 2.2%, to 3075 points, with a turnover of 271.4 billion yuan. The full day turnover of SSE Shencheng was 420.8 billion yuan and 644.5 billion yuan respectively. Lithium concept stocks fell, Microsoft bought Activision Blizzard at a premium of about 45%, and a number of mainland game stocks were sought after.
US stocks fell as investors continued to focus on the rise in US bond yields and the tightening of monetary policy by the Federal Reserve. The NASDAQ index fell more than 10% from its high on November 19 last year, confirming that it entered the adjustment zone. Apple, Tesla and Amazon share prices fell, dragging down the NASDAQ and the S & P 500 index. Consumer Discretionary stocks and financial stocks also fell. The Dow Jones Industrial Average fell 339.82 points, or 1%, to 35028.65. The standard & Poor's 500 index fell 44.35 points, or 1%, to 4532.76. The NASDAQ fell 166.65 points, or 1.2%, to 14340.25.
U.S. President Joe Biden said it was too early to commit to abolishing U.S. tariffs on Chinese goods, but trade negotiator Dai Qi said he was studying the issue. Biden said he hoped to announce that China was fulfilling its commitments in the trade agreement or making more commitments, or that the United States could cancel some tariffs, but in fact, the two countries still failed to do so. In the Sino US trade agreement, China promised to buy an additional US $200 billion of US goods and services in 2020 and 2021, but it failed to meet the standard in the end. Biden said that he knew that some business organizations asked him to start abolishing tariffs of up to 25% on hundreds of billions of dollars of Chinese imports. Dai Qi was dealing with these problems, but it was too early to take action because China failed to increase procurement.