Hong Kong stocks five years first saw "gold cross" analyst material big city July turn over

Hang Seng Index Day K-line Trend Chart "This report" (Reporter Li Yongqing) by the overnight U.S. stock market sharp drop drag, Hong Kong stocks yesterday morning with the external low after the sharp drop of 639 to 17,859 points, the city lows see to undertake, the decline narrowed to 333.5 points, close to 18165.5 points, the whole day to increase the transaction by 17% to 76.488 billion yuan. However, under the market, the technology trend reflects the return of the bull market "gold cross", that is, the 50-day average line rose through the 250-day line, is the first time since September 04. 　　According to the securities industry, the market was backed by the big city at 17,600 this week, largely because of the plunge in U.S. stocks and the strong dollar, which is worrying about the withdrawal of funds from emerging markets. Hang Seng index falls narrow deal Fu Deng, director of the Securities Research Division, said the stock market tumbled more than 2%, with the dollar and the yen rising, and markets worried that capital would flow from emerging markets, plunging Hong Kong stocks. 　　However, he said that as the United States continued to "Print silver paper", the funds need to find a way out, the short-term funds will not flow out of Hong Kong, but since the stock has accumulated a certain increase, retail investors should wait to change. 　　As for the emergence of a "gold cross" in the city, Deng Hing believed that the stock market would continue to have consolidation in the short term, but it was estimated that by July, it would meet with a larger increase, with an opportunity to rise above 20,000, when retail investors could also consider "entering the market". Analyst material Big City July turn over Fortune Securities managing director and Chief Executive Officer Huangshao said that the rise of the Hong Kong stock market is driven by capital, the volatility is very high, and the funds can be inflow or outflow at any time, the current unpredictable funds to withdraw from Hong Kong, I believe the current rally is unlikely to continue. 　　Huangshao said that the current global real economic situation has not improved markedly, countries need to face rising unemployment, deflation and other issues, believe that the economy may not be able to recover soon, he reminded investors to beware of risk. Dun Yan Financial Research director Guo Jiayao said that the periphery is weak, although the Hong Kong stock has lost 18,000 points, but in the afternoon, the Chinese financial stocks to take advantage of the low absorption, to help Hong Kong stocks decline narrowed. 　　One of the construction Bank (0939) reverse the city made good, brilliant ideas 5.73 yuan, a day up 1.42%, close to 5.71 yuan, BOC (3988) tail City pumping high, turned up, close to 3.73 yuan, + 1.08%. Short-term 17,800 will be supported Guo Jiayao that Hong Kong stocks in the fall through the 18,000 point immediately after buying, materials in the short term will be supported in 17800-18000 points, but if Hong Kong stocks fall through the 17,700 point level, the future will have the opportunity to appear more in-depth adjustment. 　　In addition, the shares of the Hong Kong Stock Exchange (0005) afternoon after the opening of the European market opened up to $67, which also helped to catch up with HK stocks, closing at $66.6 and falling 2.06%. 　　Real estate and industrial and commercial shares led to the decline, hang lung property (0101) fell 6.62%, the close of 24 yuan, is the worst performing blue chips, New World Development (0017), Wharf (0004), Letter (0083), Heng (0012), Swire A (0019) declined more than 2-4%. Pingpao (2318) to carry out the stake in deep developmentTo the upper limit of 30%, but foreign pointed out that the new bridge to sell a deep development stake to the flat to protect the more resistance, ping Bao City reported 54.25 Yuan, down 5.07%.