Hong Kong stocks HSI rose 1.68% News on January 9th from sci-tech, consumer, and financial stocks broke out. On the 8th at 11 am EST (0am on the 9th Beijing time), the Iranian attack on the US military base in Iraq, President Trump speaks nationally at the White House. Trump said the United States does not want to use military power and that its economic strength is the best deterrent. The United States is ready to embrace peace with all those seeking it. Today the Hang Seng Index opened 1% higher and has since fluctuated in a narrow range. At the close, the Hang Seng Index rose 1.68% to 28,561. The state-owned enterprise index rose 1.36%, and the red-chip index rose 1.82%.
COMEX gold futures closed down 1.07% at 1557.5 US dollars per ounce, down more than 50 US dollars from the previous day's high; COMEX silver futures closed down 1.43% at 18.13 US dollars per ounce. The collective correction of gold stocks, Lingbao Gold fell 8.33%, Shandong Gold fell 5.64%, Zhaojin Mining fell 5%.
Science and technology stocks broke out collectively, Hua Hong Semiconductor rose 5.5%, YOFC's fiber optic cable rose 5.55%, ZTE rose 4.93%, Kingsoft and IGG rose 4%, Alibaba rose 2.28%, another record high, Tencent rose 2 %, Meituan rose 1.88%.
Consumption leading stocks have risen collectively again, of which sports leader Li Ning rose 9% and Anta rose 8%; down jacket leader Bossden rose 3%, aviation stocks rose sharply, Air China and China Southern Airlines rose 5%; dairy leader China Flying Crane rose 7%; Health leader Hengan International rose 8%, pork leader rose 5.15%.
According to CMB International, sporting goods are one of the promising domestic demand sectors. The industry has benefited from the acceleration of product functionality and fashion, and its cost performance has continued to lead. Winter clothing sales are expected to be good; the marketing of domestic brands continues to do well; advertising for the 2020 Tokyo Olympics also has the opportunity to help sales. Industry leader Anta Sports announced earlier third-quarter sales figures slightly better than expected. The industry prefers Anta with a target price of HK $ 85.
Citic shares rose 2.04% today. At a time when the fast food industry in the Mainland is growing rapidly, CITIC (0267), after three years in the McDonald's Mainland China and Hong Kong businesses, reduced its 22% equity interest in disguise, and even realized debt settlement of RMB 3.698 billion (approximately HK $ 4.143 billion). The equity book earned approximately HK $ 593 million. McDonald's pointed out that the transaction is purely CITIC's business decision and will not affect McDonald's business strategy and daily operations. According to domestic media information, CITIC Capital intends to bid for this part of the equity.
expert's point: Huasheng Securities senior analyst Louis said that because investors expected Iran to retaliate and counterattack, but did not respond, both the United States and Iran have stated that they do not want to continue the war, prompting a rapid rebound in US stocks. The prices of oil and gold, which have soared the previous day, have also followed suit. The price of gold rose above $ 1,600 yesterday to a high of $ 1,613.30, and this morning it has fallen back to around $ 1,556. The US dollar index also regained 97 levels, reaching 97.34. I believe that with the current situation, the Middle East issue should come to an end. U.S. stocks will continue their upward trend. If the data is satisfactory or better than expected, the three major indexes can reach record highs.
Hong Kong stocks closed up 297 points in the morning and continued to build in the afternoon. It expanded to a maximum of 447 points. The HSI reached 28535 and continued to hover at high levels to close. In early December of last year, the Hang Seng Index experienced the failure to reach an agreement at the Sino-US talks and the severe impact of local social turmoil, which dragged the Hang Seng Index to fall below the 26,000 mark, a low of 25995. Entering 2020, we can still maintain the upward trend. Yesterday's Middle East issue, the HSI stayed close to 28000. Today it rebounded more comprehensively and recovered most of the lost ground. It is estimated that it is no longer necessary to break through 29,000, and it should be possible to try the 30,000-point mark. Among them, it is believed that due to the Mainland's active lowering of water standards, the continuous inflow of Beishui support.
The Bureau of Statistics of the Mainland announced that the consumer price index CPI for December 2019 rose by 4.5% year-on-year, slightly lower than the expected 4.7%, unchanged from November, and increased by 2.9% for the whole year. The main reason was that the price of pork dropped by 5.6% during the period, and the upward trend for six consecutive months was terminated. This is because Chinese businessmen have managed to release a total of 140,000 tons of frozen pork to the market. Before the National Day, only 30,000 tons were invested. A total of 50,000 tons were also released during the month. The purpose is to avoid price spikes due to supply and demand issues before and after the Lunar New Year holidays. In the same month, the PPI of industrial producers narrowed the decline to 0.5%, in line with expectations. The data reflects that the current industrial deflationary pressure has slightly reduced, but still lacks momentum. I believe that we will have a chance to turn into a positive number in the second half of the year. In the afternoon, the Shanghai and Shenzhen stock markets maintained their upward trend, and together with the GEM rose to near high levels and closed.