Investors in A-shares have developed bad habits. After so many years of non-rising, they seem to believe in nothing, including the previous foreign investment banks are generally optimistic about Chinese stocks and continue to maintain the over-equipment rating. However, everyone does not seem to be excited about this. The reason is very simple. After singing for so long, isn’t A-shares still around 3400 points?
In fact, it seems that there is nothing wrong with thinking about the problem, because the naked reality in front of us is that A-shares have indeed maintained box fluctuations from last year's National Day to now, but this does not seem to explain all the problems.
Let's take Hong Kong stocks as an example. The Hang Seng Index officially stood firm at the integer mark of 24,000 points today. At this time, it was really strong. It was still more than 700 points away from the high. This means that the Hang Seng Index is about to challenge the high point in late March again, which also means that investors who bought the Hang Seng Index are about to get out of the trap.
The reason why this is to clarify one thing is that people misunderstand the views of foreign investment banks. People say that "Chinese stocks" are not just A-shares, but also Hong Kong stocks. Of course, for foreign capital, optimistic about Chinese stocks often refers more to Hong Kong stocks. After all, Hong Kong stocks are a global market, and for foreign capital, entry and exit are relatively convenient.
In this sense, looking at the Hang Seng Index is about to be a new high, we understand that the words of investment banks are not unreasonable. So in the future, when you see foreign investment banks saying they are bullish on "Chinese stocks", the first thing you have to think of is Hong Kong stocks.
The biggest feeling of the Hang Seng Index in Hong Kong stocks is that this wave seems to be a bull market, but everyone's experience is not that obvious, because the performance of the Hang Seng Index and the Hang Seng Technology Index has been differentiated this time. The market has always attached great importance to the Hang Seng Technology Index. In fact, this time, the Hang Seng Index performed stronger than the Hang Seng Technology Index. The Hang Seng Index is about to have a new high, and the Hang Seng Technology Index will rise at least ten percent from the high point in mid-to-late March this year. This is the current difference between the two major indexes.
However, today the Hang Seng Index also began to break through upward, and the increase has expanded significantly compared to before. In the past period, the Hang Seng Index has led the rise. The single-day increase of the Hang Seng Technology Index cannot surpass the Hang Seng Index in most of the time. Today, the Hang Seng Technology Index suddenly became stronger. I think this is a clear rebound effect, because the Hang Seng Index is about to be a new high, and the Hang Seng Technology Index has no reason to be so weak, so the funds obviously have a rebound effect on Hang Seng Technology.
After saying so much, the conclusion is that Hong Kong stocks seem to have really started a bull market. The Hang Seng Index is expected to have a new high this time, and the opportunity for the Hang Seng Technology Index to make up for the rise has emerged.
