Financial real Estate leads rally to regain 17,000 points

Shina The first quarter of Hong Kong's economy was 7.8% negative to a 11-year low, and Hong Kong over the weekend to reproduce a case of swine flu, the crackdown on the index in Monday early was a significant decline of nearly 460 points, but on 15th, the level of the EMA was strongly supported, the city gradually in favoured slowly rebound　　After the afternoon by the Hong Kong Local property Unit and the Chinese financial unit to move forward, the index regained the early losses and further rose 200 points, back to 17,000 points. As of the close, the HSI reported 17022.91 points, rose 232.21 points, 1.38%, the state-owned enterprise index reported 9792.24, Rose 184.95, or more to 1.93%; The red-chip index reported 3567.48, up 20.01, or 0.56%.　　Yesterday, the city's total turnover of HK $66.381 billion was magnified by 14% in Friday, but still below the recent average. On the plate, more than 80% of the constituent stocks turned red in the afternoon, with Hong Kong's local property unit and Chinese-funded finance, infrastructure and new energy-related shares leading the market. The recent property market in Hong Kong continued to be active, supporting local property stocks in Hong Kong for two consecutive days of sharp rise, leading the city to a steady rebound.　　Which, New World development by June to July or the launch of a number of newer disk will be launched the news of the stimulus, the market rose 6.9% to the best performing blue chips, and Hutchison Whampoa was also boosted by the afternoon, the closing also rose 6%; However, Credit Suisse yesterday downgraded Hong Kong's local property sector from "Market synchronization" to "reduction", and considered that the recent rally in the sector had risen by 79% per cent compared with low stock prices, and that most of the shares amounted to an implied 30% rise in property prices, which had failed to match the level of improvement.　　Credit Suisse estimates that the newly released first-quarter economic data of Hong Kong will reverse the current positive atmosphere in the property market and strike a blow to the city. After the mainland stock market stability and Hopu announced the holding of CCB shares at least two years of news support, the Chinese financial stocks continued the Friday rally, a strong impetus to the big city rebound. Reducing pressure to ease the construction bank yesterday to play 2.9%, ICBC and the bank also rose 2.4% and 1.9% respectively, Citic Bank and China Merchants Bank rose by 7% and 5.8% respectively. The lagging Chinese capital construction stocks also performed well yesterday, with China's iron-and-steel rally rising 5.2% per cent and China's iron construction also rose 4.8%. In addition, the market is looking forward to the new energy revitalization of the mainland policy, new energy and related power equipment stocks have also been fierce.　　Kazakhstan Power rose 13.11% of the top state-owned enterprise shares, Shanghai Electric soared 7.6%, industrial solar energy rose by 8.6%. Hong Kong has a poor economic data but it has risen to two consecutive trading days. Hong Kong's leading financial commentator, Li Weicheng, said that the major setback in Hong Kong's economy was due to the external economic impact of externally oriented sectors, but the setback in internal demand, such as private consumption, had slowed down, reflecting that Hong Kong's economic tone was not like that of Japan, Singapore is so bad that Hong Kong stocks can digest economic data fasterInferior to the expected effect.　　In his view, Hong Kong should be able to recover more quickly as long as the peripheral economy can be stabilized or even better. Shong, chief strategist at Guotai (Hong Kong), argues that the adequacy of funding is also an important reason for the continued rebound. He said Hong Kong's funds would not be lost quickly because, whether from the global credit market or the latest "risk appetite", there was no reason for hot money to be withdrawn from Hong Kong in the short term, but rather to wait for admission. He reiterated that the downward adjustment would not be too deep to maintain the view that the earlier period would not fall through 15,000 points.