Financial News
Written by: Hui Shihao and Deng Huilin
2021-01-28 10:50
Last update date: 2021-01-28 13:16
U.S. stocks fell significantly by more than 2%, the largest decline in three months. Hong Kong stocks also followed the external market conditions. The Hang Seng Index opened 382 points lower and opened at 28,914 points; however, it quickly stabilized and regained 29,000 points.
Is the market down this time just a "big ups and small backs", or is it a downward trend?
At 11 o'clock this morning, "Hong Kong 01" will discuss the market outlook with Chen Weicong, director of the research department of uSMART.
Chen Weicong said in the program that the Hang Seng Index rose by more than 4,000 in one breath earlier, and the correction of more than 1,600 points this time is still a reasonable range and has not changed the shape of the rising wave. The market generally believes that Fed Chairman Powell's speech is more pessimistic and his outlook is Negative.
He said that the U.S. epidemic is still severe and the vaccination schedule is not as good as expected. The economic recovery may be slower than expected. However, his interpretation of Powell's speech is more optimistic. Depending on the needs, he will make additional moves to "overweight" the economy to stabilize the economy. It is estimated that the market will still have sufficient liquidity in the future. It is also expected that the National Two Sessions in March will continue to focus on the 14th Five-Year Plan, and there will be more supportive policies. And Hong Kong stock market outlook trend, you can pay attention to the Hang Seng Index 28600 and 28000 support levels.
He believes that there is still a chance for market conditions to continue to pull back, especially SaaS stocks, new energy auto stocks, and Internet platform stocks that have seen exaggerated gains earlier will have greater pressure to take back. It is recommended that investors should not be too aggressive and can control the proportion of their positions. Thirty to forty percent, in line with the correction of market conditions, bet on high-quality stocks.
He believes that we can pay attention to relatively lagging stocks, such as traditional consumer stocks, inflation concept stocks such as industrial and metal-related concept stocks, property management stocks, etc.
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