Front: Wait-and-see is still the next week's investment keynote

Hong Kong stocks have seen a sharp pullback last week, with the index plunging nearly 1000 points over the week, the biggest one-week drop since early March.　　Stocks, in Friday (19th), continued to be affected by a possible downgrade of the state's credit rating, a drop of 15 points in 8539. Hong Kong stocks since the beginning of March has been up to 19100 levels, the gradual increase in transactions, but also in the absence of large placements in the case of the breakthrough date of hundreds of billions of transactions.　　However, the view was adjusted to the 18000 pass last week, there is no rebound in the transaction has not seen, more than two consecutive days recorded a transaction of about 60 billion yuan, showing that the past active deployment of good positions of funds also hold the wait-and-see, for future can make a breakthrough to bring greater doubt. On the other hand, the Fund's big hand in recent months to increase investment in equities is a six-knot window.　　The reduction in the current level of transactions shows that the fund may have "stored enough goods" and the speed of purchases has slowed down, further weakening the upward momentum of Hong Kong equities. "Wait-and-see" is still the next week's investment keynote, the expected deal will continue between 500 to 70 billion yuan, but the double top down the pressure increase, 16300 is the first station adjustment targets, such as falling through 17600 again should moderate reduction of stock investment.