U.S. Stocks
The US non-farm employment data for May released last Friday exceeded expectations, and US stocks closed higher across the board.
As of the close, the Dow Jones Industrial Average rose 1.05%, the Nasdaq rose 1.20%, and the S&P 500 rose 1.03%.
The non-farm employment population in the United States increased by 139,000 after the seasonal adjustment in May, and an expected increase of 130,000. After the data was released, Trump said that the Fed should cut interest rates and should lower interest rates by one percentage point.
A shares
Big A opened high and closed higher today, with a wide range of rising stocks. Many popular theme stocks made a comeback, and the market volume and price rose.
As of the close, the Shanghai Composite Index closed at 3399.77 points, up 0.43%, with 4,000 points close at a distance; the Shenzhen Component Index closed at 10250.14 points, up 0.65%; the ChiNext Index closed at 2061.29 points, up 1.07%.
The two markets had a total turnover of 1286.4 billion yuan, a significant increase of 134.4 billion yuan from the previous trading day. The popularity of theme stocks returned and the market warmed up again.
Hong Kong stocks
Hong Kong stocks also opened high and closed high, fluctuating and closing higher. Pharmaceuticals, technology and finance have seen high growth rates.
As of the close, the Hang Seng Index rose 1.63%, and the Hang Seng Technology Index rose 2.78%.
Southbound funds continued to buy, with a cumulative net inflow of 717 million yuan throughout the day.
Sectoral performance
Cultural tourism, medicine, securities and other sectors ranked first in the growth; innovative drug concepts rose again, and many stocks such as Changshan Pharmaceutical and Zhongsheng Pharmaceutical hit the daily limit; rare earth permanent magnets, football, short dramas, Internet of Things finance and other themes have strengthened one after another.
The gold, liquor, insurance and other sectors adjusted against the market.
Closing comment
Overall, Big A took another small step upward today, and it was almost 3,400 points.
The market sentiment is still in a warm state, that is, it is still a state of cold or hot, and the long and short victory are still undecided. The key is how high and how long you can stand above 3400 points.
The market is still mainly engaged in theme games, and there is no trend market on the right, and the money-making effect is not sustainable.
The current situation is more important to pay attention to the opportunity for the holding products to reduce positions, rather than the opportunity for those with lower positions to increase positions. There may be a short-term rebound in the technology direction this month, but it is difficult to grasp, so everyone should participate with caution.
At the moment when Zheng Ce or the macro economy has not changed significantly, the opportunity can basically be reduced. Only when the downward decline is large enough can there be opportunities for game. For reference only.
