The global stock market encountered a wave of plunge, and A shares got rid of US stock shocks

[Global Times Reporter Ni Hao] In order to curb the highest inflation in 40 years, the Fed announced last week that it raised interest rates of 75 basis points. With the support of China's economic data recently, A shares have risen continuously in a continuous decline in the world, getting out of a wave of independent markets.

The US stock market set the worst performance since the outbreak of the new crown pneumonia in 2020, and the three major stock indexes closed down collectively. Among them, the S & P 500 fell 5.79%, the largest single -week decline since March 2020; the Dow Jones Industrial Average and the Nasdaq Index also doubled about 4.8%. The S & P 500 has fallen into a bear market last Monday. The Dow has fallen for 11 weeks in the last 12 weeks. The Nasdaq Index has fallen for 10 weeks in the last 11 weeks.

The Federal Reserve director Christopher Waller said on the 18th local time that he supports a significant interest rate hike again next month. The Wall Street Journal reported on the 18th that key areas such as housing and consumption expenditure are being affected by high inflation and rising interest rates, which caused concerns about the US economy may fall into recession. "Japan Economic News" said on the 17th that the benchmark interest rate in the United States is expected to exceed 3 % by the fall of 2022. Not only is the U.S. economy facing the risk of deceleration, but the world economy, which has excessive liabilities, will also usher in a test.

The Wall Street Journal believes that the continuous supply of shortage, the new 40 -year high inflation, and the Federal Reserve's strong measures to inhibit inflation have cool down the US economy. Integration measures to increase the cost of borrowing of consumers and enterprises. It is reported that some company executives expressed confidence in the ability to resist the economic downturn, but some economists believe that the recession has arrived.

Also experienced the European stock market. The STOXX 600 index representing the European market fell 4.6%, almost reaching the lowest level since March 2021. In the past two weeks, the German DAX index has continued to decline, a decline of nearly 9%. The French CAC40 index has also fallen for 2 weeks. In addition, the FTSE Global Index, which measures the emerging and developed markets, fell 5.6%last week, and also reached the largest weekly decline since the epidemic in March 2020.

In addition to A shares, the Asia -Pacific stock market fell collectively on the 17th. The Nikkei 225 Index fell 1.77%on the 17th and a cumulative decrease of 6.69%last week. Vietnam's VN30 index fell 1.74%on the 17th, and fell 5.10%last week, which has fallen for three consecutive weeks. On the 17th, the Australian S & P 200 Index fell 1.76%, down 6.6%last week. The New Zealand NZX50 index fell 0.54%on the 17th and fell 4.91%last week. The Hong Kong Hang Seng Index rose 1.10%when closed on the 17th, but had a cumulative decrease of more than 3%.

As the global stock market has fallen, A shares have continued to rise in recent weeks and come out of independence. On the 17th, the three major stock indexes of A -shares rose collectively, and the performance rose collectively last week. Among them, the Shanghai Composite Index rose 0.97%last week, the Shenzhen Stock Exchange Index rose 2.46%last week, and the GEM index rose 3.94%last week. The three major indexes have risen for three consecutive weeks. In addition, the cumulative net inflow of Northbound funds last week was 17.404 billion yuan, mainly adding to industries such as pharmaceuticals, foods, beverages, banks, etc.

Industry institutions Wind data show that since April 27, A -share lithium ore, automobiles, photovoltaic and lithium battery indexes have exceeded 50%. The design industry of the new energy industry chain is wide. Most industries have natural favorable conditions such as policy support and strong demand. The stock price increases the most obvious.

Regarding the future trend of the stock market, AVIC Securities Analyst Dong Zhongyun believes that it is not only the Federal Reserve that is fighting the world at present, and the central banks around the world are tightening monetary policy to fight against high inflation. With the emergence of global inflection points, the overall interest rate of interest rates will lead to the global high -valuation risk assets that may be continuously sold, and emerging market stocks and foreign exchange markets may be under pressure at the same time. Different from the tightening of the US monetary policy, a series of loose currency and fiscal policies adopted by China since this year, including the reduction of rangers, the addition of special debt issuance, and the stable growth measures in various industries are to help A shares get rid of the influence of the American shock and get out of the independent market. Important factor.

Regarding the future trend of A shares, Guangfa Securities believes that due to domestic policies, warm wind frequency blows to improve the market's confidence in China's economic growth, the impact of overseas risks on A shares may passion. Zhang Hongbao, an analyst of China Merchants Securities, believes that the peripheral market has a certain disturbance of A shares, but the domestic policy support is intensified, and the economic recovery expectations are relatively certain. Domestic and global economic cycle dislocation will form positive support for A shares.

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