Hong Kong's Hang Seng index lost eight points

This week the Hang Seng index closed at 17,920 points, down 968 points or 5.13%; the state-owned enterprise index closed at 10,509, down 578 or 5.22%; The red-chip index closed at 3,755, down 305 or 7.53%.　　The daily turnover of Hong Kong stocks this week was HK $68.573 billion, down 11.3% from last week's 77.31 billion Hong Kong dollar. This week the market expects net spreads on mainland banks to bottom out in the near term, eliminating the drag on share prices, and the target price and earnings forecasts for H-shares have been raised by investment banks. Bank of domestic banking stocks preferred CCB (939), its retail customers deposits a broad base, the first quarter of data show that the cost of income growth is better, dividend yield is also higher, more income from the current real estate market recovery and the government's large-scale project investment, CCB H-share target price rose to 6.52 yuan. Ping An insurance (03328) plans to increase the stake in Shenzhen Development Bank to 29.95%, has strategic significance, but the market is worried that its transactions through the relevant departments of the approval, and in the short term the value of peace appears to be limited.　　Flat insurance originally held a deep issue of about 4.68% Equity, the purchase price equivalent to the deep issue of the forecast market rate of 2.6 times times and 19.4 times times earnings, in a a-share bank inside the high-end prices, after the Chinese peace does not rise. Infrastructure stocks were fully launched in Friday, and we believe the market is chasing stagflation this year. And the big investment banks have also boosted the share price of the shares by raising the benchmark for the valuation of the infrastructure sector. Investors can focus on the 390,HK, which has a large land-price difference, and has a larger reserve.　　This week China's CRCC (1186,HK) and China Southern Car (1766,HK) rose 4% and 6%, while China's iron and steel fell slightly. The U.S. stock market fell sharply this week, and the Russian Finance Minister Alexei Kudrin said at the weekend that the dollar would remain a reserve currency, and his speech spurred the dollar to soar. The dollar index rose 1.2%. The fall in energy stocks and resource stocks was also one of the reasons for the sharp fall in prices caused by rising commodity futures in the run-up to the dollar. Stock markets in Asia and Europe also suffered. The energy and raw materials sector suffered heavy losses. The bank believes that the U.S. financial regulatory reform or will be the pressure on the banking sector, coupled with a number of U.S. bank ratings and outlook was downgraded by standard and poor, so that Hong Kong stock investors to do a lot of psychological pressure, and the index is still not out of the adjustment pattern, so the market trend is weak. Hong Kong shares fell 3 trading days this week, the index failed to stand 18000 power, it is expected that in the periphery market without sudden benefit, the index will test the important support of 17,600 points next week.