Financial property stocks lead up to 3.66% rise in index

In the overnight U.S. stock market and the mainland a-share a big rally led by the Hong Kong Hang Seng Index 14th Gaokaigao Walk, the financial, real estate and energy stocks became the main force, the day turnover appears certain atrophy.　　Market participants expect there is limited room for a sustained rebound in Hong Kong. The Hang Seng index closed at 17885.73 points, up 631.1 points, up 3.66%, and the state-owned enterprise index rose by as much as 3.62%, at 10651.86 points.　　The deal shrank to HK $51 billion on that day. Hong Kong's local property stocks soared and the Hang Seng Property index rose by as much as 4.46%. Among them, hang lung real estate, New World development rose more than 6%.　　In response, Daiwa said that in the absence of a new catalyst, the property unit would not be given a new round of downgrades to maintain the "neutral" rating of Hong Kong's property stocks to reflect a slowdown in local property sales in the third quarter. Financial stocks become the main city another lead. China's safe performance, up 5.23%. The analysts believe that the current institutional investors generally optimistic about the insurance stocks, including: insurance funds to invest in unlisted shares and properties of the relevant rules are expected to be introduced in the second half, insurance company underwriting business structure is improving.　　Goldman Sachs issued a report that the first half of China's security premium income growth is stable, optimistic about the mainland life insurance industry, because of ample liquidity and a strong market performance, Ping An for the mainland insurance stocks preferred to maintain a "buy" rating.　　As for the outlook for Hong Kong equities, analysts believe that the sluggish turnover is difficult to support the continued rebound of the index, while the performance of large U.S. companies and the mainland's two-quarter economic data will also be a short-term factor in the performance of Hong Kong equities.　　Cheong Securities Rush said the falling deal shows that the rally is unsustainable, and that the Hang Seng index is unlikely to break the short-term resistance position by 18,000, as investors remain cautious about the U.S. economy's recovery. Zheng, Wanguo's co-director, said U.S. corporate performance had become the focus of the market, and the two-quarter economic data released this week in the mainland would guide future directions.　　If the data were to satisfy the market, the HSI would have the opportunity to challenge 18,000 points or it would fall below 17,000 again. Hong Kong's Hang Seng index rose 631.1 points on July 14. A Hong Kong citizen walks past a bank's Hang Seng index electronic display. Photo of Xinhua News Agency