Afternoon City Outlook: Hang Seng 250 days

Stocks fell more than 100 points last night (16th), dragging Hong Kong stocks down 180 points earlier this morning, and again falling through 18,000 points, after a repeat of the trend, the decline in the middle section intensified to more than 300 points, and the end of the fall narrowed, once again weighing at 18,000 points. A half-day closing of 17,925 points, down 239 points or 1.32%, a half-day transaction of 40.4 billion yuan.　　The country refers to the afternoon market at 10,565 points, down 150 points or 1.41%. Mobile (00941) shares were approved by Taiwan far-pass shareholder, fell 1.1%, reported 76.95 Yuan.　　The Exchange control, (00005) fell 0.9%, reported 66 yuan. The share price of the bank shares individual development, ICBC (01398) Rose 1.34%, reported 5.28 Yuan, CCB (00939) fell 0.27%, reported 5.6 yuan, BOC (03988) fell 0.8%, reported 3.7 yuan. Pingpao (02318) to buy deep in the new bridge issued shares were approved high risk, continued to fall 3.5%, reported 52.35 Yuan.　　Guo Shou (02628) soft 1.73%, reported 28.35 Yuan.　　China Resources Gas (01193) was Morgan Stanley and credit rights allotment, down 12.97%, reported 5.1 yuan. Dong Chen Rongyu, director of the research Department of Asset Management, said that Hong Kong stocks had been very resistant to 19,000 points earlier, because of the huge increase, so the adjustment is not surprising now, and it is expected that the HSI will need to try the 250-day line, that is, 17,000 points. However, he noted that investors could absorb quality resources and consumer stocks at 17000 levels.