The A-share market will open next week, and there is only one trading day this week.
However, although the A-share market is closed, the Hong Kong stock market is open, basically, the trend of the A-share market can be judged by the trend of the Hong Kong stock market next week, because, in recent times, the linkage between the Hong Kong stock market and the A-share market is very strong.
So, what is the current situation of the Hong Kong stock market?
In the author's opinion, the Hong Kong stock market in the last two trading days of the phenomenon of washing is still relatively obvious, on October 2, the Hang Seng Index saw a 6% rise, continuing the pre-holiday bullish atmosphere, it seems very strong.
However, on October 3, the Hang Seng Index unexpectedly fell by 1.47%, and it is worth noting that during the session, the Hang Seng Index fell by nearly 5%, and finally was pulled up, narrowing the decline, and even closing a hammer star.
Judging from yesterday's trend, the wash is indeed obvious, and today, even more so.
At the opening of today's market, the Hang Seng Index came out of a wave of gapping and opening low, and even fell by more than 1%, which frightened a lot of funds, but soon the Hang Seng Index ushered in a sudden rise of 2%.
From falling 1% to rising 2%, it can be said that it took a short time, yesterday was so, and today is the same, therefore, the author believes that the Hang Seng Index is more likely to wash in the last two trading days, after all, the market has run to this stage, and there are too many chips in the market, and it really needs to be cleaned up.
The same is true for the A-share market.
Not only that, but now foreign capital is also making a move, and even foreign capital is not small, the data shows that JPMorgan Chase on a trading day before the holiday, on a large increase in H shares, including BYD H shares of 1.791 billion Hong Kong dollars, as well as Hong Kong Stock Exchange H shares of 1.813 billion Hong Kong dollars, as well as Tsingtao Beer H shares of 242 million Hong Kong dollars, and China Taibao H shares of 267 million Hong Kong dollars.
In just one trading day, JPMorgan Chase invested more than 4 billion Hong Kong dollars to increase its holdings, which is not a small move.
Do you think that's the end of it? Wrong, on the previous trading day of the increase of more than 4 billion Hong Kong dollars, JPMorgan Chase also increased its holdings of Ping An H shares of China by 1.771 billion yuan, and also increased its holdings of China Merchants Bank H shares by 895 million yuan.
Even, at this critical time, many foreign-funded institutions have begun to be optimistic about the A-share market.
Among them, HSBC and BlackRock have upgraded the ratings of Chinese mainland stocks from the previous neutral to the current overweight, and Citi is also taking action, upgrading the ratings of many A-share listed companies, and foreign investors are not only optimistic about A-shares, but also acting.
This is incremental funds, which are conducive to stabilizing the capital of the A-share market.
After all, the Hong Kong stock market is an international market and a gathering place for foreign capital, and recently, the linkage between the Hong Kong stock market and the A-share market is very strong.
Steady! Today, the Hang Seng Index opened low and went high, and suddenly rose 2% intraday.
In fact, in the author's opinion, A-shares have indeed ushered in their own cycle market, the Shanghai Composite Index after nearly 10 years of shocks, the probability will be completely changed this month, out of a wave of market, of course, but also pay attention to the risks, after all, this is the stock market, there are still risks.