Sudden escalation of the Sino-US trade war! China has resolutely launched a counterattack in both trade and financial directions. Judging from the trend of the stock market in Shanghai, Shenzhen, China, the impact is not great. Although the Shanghai and Shenzhen stock markets fell on the day, they both rose less than 0.5% the next day, indicating that the Shanghai and Shenzhen stock markets in China are highly stable.
Hong Kong's Hang Seng Index is as strong as ever, rising for 3 consecutive days after 10 consecutive gains since the end of April. It has now broken through the key resistance level and continued to rise, heading towards 20,000 points.
The real estate sector of the Shanghai and Shenzhen stock markets rose sharply across the board, and this former pillar industry finally bottomed out, according to disk analysis, the overall increase in real estate services was more than 8%, and there were 4 daily limits. It seems that it is really a long drought and a rainy day. Now there are Evergrande concept stocks, which have risen by more than 2.4%. The entire real estate development sector, characteristic towns, building decoration, and building materials sectors are all rising. It's as if they've met spring. It's been N years, and a little sunshine is shining.
Of course, compared with the Hong Kong stock market, Shanghai and Shenzhen A-shares are still too subtle.