Hong Kong stocks more than 800 points in two days, HSI short-term materials will continue to be soft

Xinhua Beijing, January 22, according to the Hong Kong "Wen Wei Po" reported that the mainland last year over the completion of the "eight" target, the December consumer price index (CPI) rose to 1.9% more than the market expectations, investors worried that the mainland will raise interest rates earlier and accelerate the pace of withdrawal, coupled with the overnight weak　　Greece's financial problems or spread to Portugal, the United States dollar sharp rise, the withdrawal of funds weakened Hong Kong, all kinds of factors caused Hong Kong stocks 21st again plunged 423 points or 2%, lost 21,000 points, the city two days a total of 815 points.　　Analysts said that as the market worries about the mainland to raise interest rates at any time, the short-term index will continue to soft, lower trial, but at 20,400 points of support. After the announcement of economic data in the fourth quarter of last year, the mood in the city reversed. In the exchange control, mobile and Foxconn and other blue-chip led, the decline in real estate shares declined to expand, the Chinese financial stocks also fell across the line, so that once regained the 21st early loss of Hong Kong stocks, the afternoon again acute diarrhea, had low see 20,828 points, fell nearly 460 points.　　The Hang Seng index closed 20862.6 points, down 2%, to 3 months low, turnover of 83.59 billion yuan, showing strong selling pressure.　　The state refers also to fall through 12,000 points, all day down 324 points or 2.64%, closed to 11957.8 points. The United States to achieve a strong breakthrough since December, the Hong Kong exchange is weak, the Hong Kong dollar in Thursday for the 7th consecutive trading day decline, the Asian currency market tail, the United States dollar against the Hong Kong dollar exchange rate of 7.7690, higher than the Wednesday end of 7.7667, trading time within the period of 7.7698, Hong Kong　　The market is worried about the continued outflow of capital from Hong Kong, which poses pressure on property prices. Royal Securities senior analyst Sik FAI pointed out that the mainland's strong economic growth last year, the December consumer price index rose by 1.9%, more than market expectations, the intensity of credit control in the mainland increased, and even raise interest rates may continue to haunt the big city.　　and "peat, peat," the euro zone's January Composite Purchasing managers ' index is lower than market expectations, reflecting a slowdown in local services and manufacturing expansion, investors worried that Greece's fiscal problems spread to Portugal, the euro against the dollar decline, and the sharp rise in the United States, the stock market easy to fall. Sik FAI believes that the contract of 21st has increased to more than 100,000 contracts, and lower than the spot water 122 points, reflecting the weak friend is still strong, the market will continue to sell, the market is expected 22nd will remain low, even if the Hang Seng index may rebound due to the technology rebounded to 21,300 points, but the medium and short term HSI will first try 20,400 support bit, But the level of 20,000 points in fact, the opportunity is not low, investors do not need to rush into the market at present "fishing bottom."