Hong Kong stock ADR rising through the bull bear Line MO is expected to see 19800 at the end of HSI

The Hong Kong Oriental Daily reported that yesterday's short fumonisins again!　　Swine flu (H1N1) spreads in Japan, in addition to the marked contraction in the first quarter of Hong Kong's economy, the Hang Seng index fell by 456 points at one point, but in the afternoon "friends" counterattack, Hong Kong stocks turned again, and the HSI rose 232 points, regaining 17,000 points and 10-day lines. However, some fund managers said yesterday that the Hong Kong exchange was soft, believe that the bank completed the placement of CCB (00939), began to withdraw funds, do not rule out other hot money will follow the flow away.　　The securities sector said that although yesterday's index was 250 days away from the line of cattle and bear only about 215 points, but careful only technical traps, wary of large Togau send goods. Hong Kong stock ADR rose wearing line U.S. stocks in Monday significantly higher, the United States of America's pre-Depository Securities (ADR) follow do well, in which the exchange control reported 66.32 yuan, high 2.02 yuan, in the transfer of 73.21 yuan, high 0.91 yuan, Guo Shou (02628)　　Reported 27.99 yuan, high 0.54 yuan, if the proportion of projections, a considerable increase in the Hang Seng index 368 points, heavy CBBC line, the state refers to a further 194 points. Asian stock markets were mixed yesterday, with China-Hong Kong equities "V" bombs, Sheng Rose 0.28%, Shen Chengzhi Rose 0.4%, Hang Seng 17,022, 232 or 1.38%, state-owned enterprises index had fallen 237 points, low see 9,369, 9,792 points, Rose 184 points or 1.93%, with the HSI both regained 10 antennas.　　However, the big city deal does not match, only 66.8 billion yuan. Wo Sparrow Flying peak precursor yesterday many blue chips first low after high, among them, the Hong Kong Exchange (00388), which was sung by Goldman Sachs, had fallen by 3.95% per cent in early paragraph and saw a low of $99.6, but eventually rose by 5.79%, closed to 109.7 yuan, and the "red Bottom" was recovered; the exchange control (00005) was down by 3.73%, Instead of falling.　　The middle Shift (00941) from the setback of 2.91%, the U-turn slightly up 0.14%, the construction bank earlier fell 1.88%, but the closing rebound of 2.92%.　　The securities industry said that the Dow futures fell 780 points from the early period, the afternoon has regained ground, the market is looking forward to the U.S. stocks Monday will do well, coupled with the mainland stock market stability, friends stole into the market seize the short position.　　However, the New World Development (00017) and the yellow (00013) rose by 6.87% and 5.97% respectively, while the shares of the second and three or four lines continued to fly or the city peaked. Great Fortune Securities director Du Guanchong appealed to retail investors to be careful, the big one to complete the delivery and the completion of the outstanding allotment, the city has the opportunity to the next Wednesday period of the settlement after the soft.　　View of the 250 days of cattle and bear demarcation line continues to fall, even if there is a chance to break through the short-term, the significance is not small, but cautious prevention is a technical trap, after the test on the back, especially at the beginning of next month, the proportion of the Hang Seng index greatly reduced, the Central line of BOC International Vice President Bai also believes that the second half of May has a chance to light, after 17,000-point, should start callback, preliminary in 16,000 points supported.　　A fund manager said yesterday that the Hong Kong exchange back soft, the city was once low see 1 U.S. dollars to 7.754 Hong Kong dollar, the tail of the city hovering in the 7.752 level, may be due to BofA sell CCB, the funds back to the United States dollar, to Hong Kong sinks, but not excluding other hot money or follow See 19800 at the end of the index. JPMorgan's optimism was that, as the market's recovery in economic and corporate performance was expected to strengthen, Hong Kong equities would gradually recover to normal levels, or about 1.8 times times the long-term average market rate, so the index would be raised to 19,800 at the end of this year, the target of 16 , 600 points up 19.28%.