The U.S. dollar storm swept the world! Japanese stocks and foreign exchange rates were killed, the renminbi appreciated against the trend, and A-shares and Hong Kong stocks closed up

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2024-04-25 16:31Posted on the official account of Guangdong Kancai

A quarterly report into the intensive disclosure period, the more to the next few days the more thunderous rolling, coupled with the pre-holiday effect of the May Day holiday, the market funds are more and more cautious, today's turnover in the two cities shrank slightly to 0.77 trillion, the index level opened low in the morning after a wave of pull up is still relatively strong, but the intraday with the foreign capital smashed and dived, the end of the sideways shock, dull and boring.

April is a defensive battle, high interest rates, high inflation coupled with the Iran-Israel conflict has heated up risk aversion, this environment is not conducive to equity assets, whether it is A-shares or U.S. stocks, technology growth stocks are falling, funds are either speculating on gold, crude oil, or in the group of resource stocks, dividend stocks.

But April is coming to an end, and this week's U.S. PMI data shows that the U.S. economy has not continued to strengthen, coupled with the high yield of U.S. 10 bonds, the Fed's hawkish expectations have been priced in, and the rest is a marginal improvement. From a domestic point of view, the thunder that should explode in the first quarter will explode in April, and it will be easy to go into battle in May, here I want to say that the first quarterly report of technology stocks is very good, semiconductor equipment, storage, PCB, and CPO are all high growth, and the weakening of technology stocks in April is purely style suppression.

Judging from the first quarterly report of the public offering, the public offering fund mainly increased its position in high dividends, resource stocks and overseas directions in the first quarter, and reduced its positions in electronics, computers and other technology directions. However, the first quarterly report of technology stocks is very bright, and the public offering is completely blind, and now it can only be bought back, and there have been institutions to increase their positions in technology in the past two days.

At present, A-shares are still a stock game, and the public offering can only do stock adjustment, so that those who increase their positions in the first quarter of the public offering should pay attention to the institutional smashing.

Let's take a look at today's blockbuster news:

At the beginning of 2021, John Lam, head of real estate research at UBS Greater China, shocked the market with a rare sell rating on China Evergrande Group. A few months later, Evergrande officially thundered, proving John Lam's foresight. Now, the analyst is turning gear, predicting a gradual recovery in China's property market at a time when many are still skeptical about the country's real estate sector.

According to the Financial Associated Press, Li Hui, deputy director of the National Development and Reform Commission's National Economic Comprehensive Department, said on the 25th on the "China Economic Roundtable" large-scale all-media interview program that the current level of new industrialization and urbanization in some areas of the mainland is still relatively low, and the next step is to put the urbanization of the agricultural transfer population in a more prominent position.

The Ministry of Industry and Information Technology (MIIT) is soliciting opinions on the No. 1 amendment to the mandatory national standard No. 1 (draft for comments) of the "Safety Technical Requirements for Chargers for Electric Bicycles". In view of the recent emergence of a large number of on-board chargers, which may affect the safety of electric bicycles, it is proposed to ban on-board chargers and improve the content of permanent labeling.

Meta's stock price plunged 15% after U.S. trading on Wednesday, and the market mainly believes that there are two problems with Meta's latest earnings report: the company's revenue guidance for the current fiscal quarter is $36.5-39 billion, and the median range is significantly lower than the market expectation of $38.2 billion. At the same time, the company also increased its full-year capex margin from $37 billion to $40 billion to further accelerate infrastructure investments to support the AI roadmap.

Japan suffered a double kill in stocks and foreign exchange, and the yen continued to depreciate and fell below the 155 mark, hitting a 34-year low. At the same time, the Japanese stock market plummeted, the Nikkei 225 plunged more than 2%, and the bull market momentum at the beginning of the year no longer exists. In fact, in addition to the yen, emerging market currencies such as the South Korean won have depreciated sharply, and only the yuan is still strong, mainly because the US economy is more resilient than the European economy, and the euro and yen have weakened, resulting in a sharp strengthening of the US dollar.

Finally, looking at the market, as of the close, the Shanghai Composite Index rose 0.27%, the ChiNext Index fell slightly by 0.04%, the Hong Kong Hang Seng Index rose by 0.38%, and the Hang Seng Technology Index fell by 0.59%. Northbound funds bought a small net of 349 million, and the number of gainers was close to 3,000.

Tonight the United States will release the first quarter GDP, tomorrow night will release the March core PCE and personal spending monthly rate, these are the economic data that affect the Fed's interest rate cut expectations, we certainly hope that the soaring US Treasury yields in April and the correction of US stocks can play a role in suppressing the US economy, so that the economic data released in May will not be as strong as in April, and it is also good for market performance.

Risk Warning:

The stock market is risky, investment needs to be cautious, this article does not constitute investment advice, readers need to think independently

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