Asia -Pacific stock index allocated A shares over 90 % of the stocks closed down

The market fell sharply on August 2nd, which was the continuation of the continuous bottoming trend since last week. In the case of the market's hopes, the bottom bottoming confirmation was selected.

Author: Liang Ji

Figure: Tuwa Creative

Guide

One || As of the closing, the three major stock indexes of A -shares closed down, and the Shanghai Index fell more than 2%. It fell below 3,200 points again. Looking forward to the market outlook, short -term uncertainty is placed on the medium -term frame, which will be clearer.

议 || The keynote of the Politburo meeting is "steady", emphasizing "maintaining strategic determination and strengthening your own business." Overall, compared to the dense support of the policy end of May and June, the follow -up and landing are mainly based on implementation and landing.

On August 2, 2022, the major stock indexes in the Asia -Pacific region settled all the way. As of the close, the Shanghai Stock Exchange Index, Shenzhen Stock Exchange Index and the GEM index reported 3186.27 points, 12120.02 points and 2678.62 points, respectively, with the declines of 2.26%, 2.37%, and 2.02%, respectively.

On the same day, the Hang Seng Index, Hang Seng China Enterprise Index and Hang Seng Technology Index attacked 19689.21 points, 6702.07 points, and 4194.04 points, respectively, down 2.36%, 2.59%, and 3.01%respectively; the Taiwan weighted index closed at 14747.23 points, down 1.56%.

In addition, the Nikkei 225 Index closed at 27594.73 points, and the South Korean comprehensive index closed at 2439.62 points, down 1.42%and 0.52%, respectively.

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Xia Fengjing, manager of Rongzhi Investment Fund, told the Economic Observation Network that the market fell rapidly on August 2nd. It was the continuation of the continuous bottoming trend since last week. The main reason for the market adjustment of the market last week was that after the rebound of the previous two months, the market was waiting for further catalysts, but the current policy is based on strategic fixation. Further observation. Therefore, in the case of the market's hopes, the second bottom is selected to confirm.

A -share closure

On August 2nd, the Shanghai and Shenzhen cities opened sharply; as of the closing, the three major stock indexes of A shares closed down. The Shanghai Index fell more than 2%and fell below 3200 points again. The total turnover of the Shanghai and Shenzhen cities totaled 11811.24 billion yuan, which was significantly measured from 993.861 billion yuan from the previous day. The northbound fund net purchase was-2.31 billion yuan, and the net purchase of funds southbound was 2.288 billion yuan.

On the plate, the market is full of ink. All 31 industry classifications in the next level have been closed down. Environmental protection, media, computers, textile clothing, architectural decoration and comprehensive five sectors have fallen by more than 4%; the national defense military industry sector has fallen to the smallest at 1.02%. In terms of individual stocks, only 401 stocks in the two cities closed up, and 4,413 stocks closed down.

Xia Fengjing said that looking forward to the market outlook, short -term uncertainty is placed on the medium -term frame, which will be clearer. The point of view of the Politburo meeting last week is very clear, that is, to stabilize the economy, do not suffer from external pressure, and have strategic fixed force. This is also applicable to the stock market. Lost. At the same time, it is also the result of the macroeconomic and emotional resonance, and must have full confidence in this bottom.

At the same time, overseas markets have also spent the most difficult stage. The expectations of the Fed's interest rate hike rhythm have been reversed, and concerns from external concerns have gradually weakened. Therefore, even the short -term decline in the short term does not mean that it will return to the continuous decline in the early stage. The bottom interval is still effective. At this stage, it is the core to make stock selection, rather than leave the market in panic.

"Steady"

On July 28, the Political Bureau of the Central Committee of the Communist Party of China held a meeting to analyze the current economic situation and deploy economic work in the second half of the year. In the field of fiscal and monetary policies, the meeting emphasized that macro policies should actively act in expanding demand. The fiscal monetary policy must effectively make up for the lack of social demand. Make good use of local government special bond funds and support local governments to make good use of special debt limits. Monetary policy should maintain reasonable liquidity, increase credit support for enterprises, and use policy banks to build new credit and infrastructure construction investment funds.

Regarding issues such as local real estate suspension of loans and village banks, the meeting pointed out that "compact local government responsibilities, keeps property, and stabilize people's livelihood. We must maintain the overall stability of the financial market, properly resolve some local village banks' risks, and severely crack down on financial crimes."

Lang Chengcheng, general manager of the Research Department of the Furong Fund, also said that the keynote of the Politburo meeting was "steady", emphasizing "maintaining strategic determination and strengthening his own business." On the whole, compared to the dense support of the policy end of May and June, the follow -up and implementation of the implementation and landing are mainly based on the support of the economy.

Lang Yicheng believes that although the market's short -term volatility has increased, there is no need to panic. The short -term adjustment is more of the pre -optimistic policy expectations and profit expectations of the early stage. The economic weak recovery and the loose liquidity have not changed.

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