H-Share high hovering short term material shocks repeated

Liang recently, H shares after a continuous rally, into the high volatility pattern. Similarly, yesterday morning was a double drag on both the domestic and U.S. stocks, with the index opening sharply down and filling the Monday gap.　　However, relative to the market, the trend of H-shares and close to the A-share market, afternoon, as the domestic stock market gradually recovered, most of the shares narrowed the decline, the H-share index eventually closed to 10,706 points, down 118 points or 1.09%, the big city total turnover of 83.041 billion Hong Kong dollars. A+h plate performance is flat, the majority of shares appear wandering trend. Which, oil after the rise of the former, the international crude oil futures fell sharply, a different degree of correction, especially Sinopec (0386) with the price adjustment mechanism speculation concept of retreat, has been falling for three consecutive trading days, and has fallen through the important support of HK $6, short-term trend is not optimistic. Chinese banking stocks also have different levels of vomiting, however, the decline is not large, especially in Hong Kong, in particular, with the inflation expectations of foreign investment institutions in the future of China's banks and the real estate industry still have greater hope, so the bank stocks in the short term may be adjusted, there will be further higher. On the contrary, the insurance stock performance is relatively strong, Chinese longevity (2628) and China Ping ' an (2318) have been the rise of the market, the recent news that the CIRC is planning to use 5 years to complete the reform of the insurance marketing, and will pilot personal insurance agents, allowing them to agent a number of products　　Personally think this is conducive to the long-term development of the industry, however, the short-term need to support the momentum of the market for the second half of the overall insurance performance expected to rebound. With the market capital of the rounds of speculation, steel stock plate trend in recent years quite prominent. including Angang shares (0347), Ma On Shan Steel (0323) has been a continuous 6 consecutive trading days of unilateral rally. The main reason is the surge in steel production since the start of the year, thanks to a series of infrastructure investment policies and economic recovery forecasts that have helped boost domestic demand in the central government. Data show that the May steel production figures have reached an annualised rate of nearly 540 million metric tonnes and are likely to continue to maintain strong momentum in the coming months. Personally, the valuation of Angang (0347) is more attractive than that of MA Steel (0323), especially in flat steel products, so the former may gain more than the latter in the future. However, the dry bulk shipping stocks are less fortunate, as they have accumulated considerably in the run-up to the Baltic Dry Bulk Shipping index, which surged 142.2% per cent over the past 23 days.　　Yesterday, the shares showed a large amount of vomit, there are clear signs of withdrawal of funds, including China Ocean (1919), Pacific Shipping (2343) and the Sino-Sea Development (1138), respectively, 5.86-6.89% range. From the current market trend, the H-share since blocked at 11,000 point level, has formed a high consolidation pattern, but yesterday's graphics are not optimistic, although, the index in the back of the gap was again back, But the resistance position is obviously moved down, showing the Bulls suffered several days of short pressure, combat effectiveness has weakened. However, recently, the market funds have not shown signs of withdrawal, so after a short period of consolidation, the phenomenon of capital speculation may reappear. Of course, I would like to remind you to pay close attention to the trend of the dollar exchange rate, as the dollar rose in Thursday, driving down the exchange rate of the Hong Kong dollar against the US dollar, and technically, the dollar does have a oversold phenomenon, so once the dollar rises, it is bound to reduce the expectations of the international market for the Asia-Pacific currency. Thus triggering the withdrawal of market funds from Hong Kong.