WuXi AppTec fell to the limit, Hong Kong stocks dived, and mysterious funds moved A-shares to close up
Yesterday, the Shanghai Index was ancient Juyang, this morning the differentiation adjustment is very reasonable, after the opening of the afternoon session, the Shanghai Index rose sharply and was ready to launch an offensive, but the overseas market was bearish, Hong Kong stocks WuXi Biologics plummeted by more than 20% with Hong Kong stocks diving, Hong Kong stocks innovative drug ETF once fell nearly 10%, A-share WuXi AppTec flash crash and stopped, and the ChiNext index also dived to close down more than 2%.
According to reports, there are rumors in the industry that the United States intends to introduce a "biosecurity act" to ensure that foreign biotech companies do not have access to US taxpayer funds, including BGI Group and its subsidiaries MGI and Complete Genomics, as well as another Chinese company, WuXi AppTec.
We feel that the market is panicking excessively, and at the moment this is only a proposal by lawmakers, and it is not yet a word away from becoming a formal bill. In response, BGI has noticed that the United States intends to propose a relevant biosecurity bill, but does not believe that the company's stock price trend today is directly related to the bill, and the company's management will evaluate and discuss this incident, if it really will have a serious impact on the company's performance, it is not excluded that it will take the initiative to communicate with the United States, and if the bill is really introduced in the future and has an adverse impact on the company's performance, the company will also disclose it.
Let's look at the rest of the news:
Last night, the United States released the preliminary annualized quarterly rate of real GDP for the fourth quarter of 3.3%, significantly exceeding market expectations of 2%, the preliminary annualized quarterly rate of the core PCE price index in the fourth quarter of the United States was 2%, and the number of initial jobless claims in the United States for the week to January 20 was 214,000, exceeding market expectations of 200,000.
Overall, the U.S. economy is resilient and inflation has come down, making the story of a soft landing increasingly certain. However, with the current resilience of the U.S. economy, the wealth effect brought about by the sharp rise in U.S. stocks, and the economic rebound brought about by the decline in the yield of the U.S. 10 bonds, it may be difficult for U.S. inflation to fall quickly, and it may be difficult for interest rate cuts to come soon.
Last night, the State Administration of Financial Supervision said: The real estate industry chain is long and wide-ranging, which has an important impact on the national economy and is closely related to the lives of the people. The financial industry has an unshirkable responsibility and must be strongly supported. This statement exceeded expectations.
On the morning of January 26, the Ministry of Housing and Urban-Rural Development held a deployment meeting for the coordination mechanism for urban real estate financing. At the national level, a project information platform for the urban real estate financing coordination mechanism will be established, and weekly scheduling and monthly reporting will be implemented. It is understood that before the end of this month, the first batch of projects will be able to obtain loans after landing.
Today, the real estate sector has strengthened sharply, with Hainan Expressway, Shahe Shares, Pudong Jinqiao, CCCC Real Estate, Sunshine Shares and other shares rising to the limit. In addition to the real estate sector, the real estate chain such as building materials and banks also continued to strengthen, and the real estate chain was the strongest main line in recent trading days.
At the close, the Shanghai Composite Index rose 0.14%, the ChiNext Index fell 2.23%, the Hong Kong Hang Seng Index fell 1.54%, and the Hang Seng Technology Index fell 3.62%. The turnover of the two cities shrank to 0.82 trillion yuan, and the northbound funds bought 1.51 billion yuan.
In terms of industries, real estate, banking, petroleum and petrochemical, coal, building materials and other industries led the gains, while electronics, beauty care, medicine and biology, power equipment, communications and other industries led the decline.
The CSI 300 ETF increased significantly at noon today, and it is estimated that the "national team" will make another move. But now A-shares have actually been out of the previous risk, the Shanghai Index regained 2900 in two days, it stands to reason that large funds can breathe a sigh of relief, but above 2900 points are still moving, which shows the resoluteness of large funds to protect the disk.
Don't always complain about "what only pulls the index, I still lose money", you should reflect on why you didn't buy heavy stocks. Now the market logic is high dividends, state-owned enterprise reform and real estate policy, to see the main line, the current market incremental funds are insufficient, it is impossible to rise.
Again, resolutely look at the reversal, look at the strength of incremental funds, and look at foreign capital for incremental funds. Today, foreign investors smashed the market in the morning, but they bought the bottom at the end of the day, and they bought it all day, so it is strange that domestic institutions are smashing the market again.
Risk Warning:
The stock market is risky, investment needs to be cautious, this article does not constitute investment advice, readers need to think independently