Today, both A-shares and Hong Kong stocks experienced a deep V-shaped rebound, injecting a strong stimulant into the global stock markets that had generally fallen yesterday.
In the Asian market, Japan's highest drop reached 2.35%, but it also rebounded, and by the close, the decline had narrowed to 1.32%.
Can US stocks stop falling and rebound tonight?
01, A-shares deep V
Affected by the sharp decline in US stocks last night, the Chinese stock market fell significantly after opening, with the decline being the largest in recent days before the lunch break.
The Shanghai Composite Index once fell by 1.8%, but by the close, it had risen by 1%. The maximum drop of the ChiNext Index even exceeded 3.3%, and it also achieved a reversal in the afternoon, successfully turning red by the close.
In addition, the Shenzhen Component Index also rose slightly, the CSI 300 Index rose by 0.8%, and the CSI 500 Index rose by 0.7%. However, the STAR 50 Index still fell by 1.6% by the close, but it also rebounded from its lowest point, which had once fallen by 4.53%.
The most eye-catching performance today should be the securities sector, among which Everbright Securities has had 4 consecutive trading day limit rises in recent trading days.
Every rise in the securities sector makes people think, because the securities sector was once hailed as the bull market flag bearer. However, everyone needs to pay attention, the real wave of the market led by the securities sector is only in the fourth quarter of 2014, on the contrary, there have been several times since last year when the thunder was loud but the rain was small, one-day tour market.
But anyway, in the past month and a half, A-shares have always followed their own ideas and walked independently, regardless of the rise and fall of US stocks. It is estimated that in the future, A-shares will slowly repair upwards.02, Capital Inflow
Today, the net northbound capital inflow reached nearly 4 billion yuan, while the net southbound capital inflow exceeded 5 billion yuan. This indicates that despite declines in both A-shares and Hong Kong stocks, there is still a significant amount of capital willing to buy in.
The continuous influx of northbound capital is related to China's more stable economic environment compared to the global context. Under the policy expectations of stable growth, as the epidemic situation gradually improves in various regions, coupled with the gradual abundance of market liquidity due to credit easing, overseas funds naturally prefer to flow into A-shares to avoid significant declines in the US and European stock markets.
The main reason for the influx of southbound capital into Hong Kong is that after a year of decline, the valuation of Hong Kong stocks is very low and has sufficient investment conditions. Moreover, there is a policy warming trend, and the country supports the development of the platform economy, hence the enthusiasm for investing in Hong Kong stocks is high.
03, US Stock Market Rebound?
There are several factors that may currently affect the trend of the US stock market. Tonight, the US will announce the latest PPI data. After last Friday's astonishing CPI data, people are not optimistic about tonight's PPI data.
If the PPI data continues to rise, the possibility of the Federal Reserve raising interest rates by 75 basis points becomes increasingly likely.
Under the expectation of a significant interest rate hike by the Federal Reserve, the US dollar index has been rising for several consecutive days. It took more than half a month to drop from 105 to 101, and recently it broke through 105 in just three days, setting a new high.
The significant strengthening of the US dollar has not reduced market panic. The US credit market panic index easily broke through 100 basis points, which is a new high since the COVID-19 pandemic in 2020.
Currently, in the futures market, the three major US stock indices are temporarily in the red. However, considering the expected Federal Reserve meeting, it is estimated that the US stock market will not be calm in the next two days, and the market is anticipating the interest rate decision in the early hours of Thursday morning.