HSI Jedi counterattack concept stocks again

Securities Times Wu Jiaming yesterday, the Hang Seng index staged a game of Jedi retaliation, driven by an afternoon rally in the mainland stock market: A sharp fall from the lows and a successful recovery of the 17,000 mark, culminating in a 17034.32-point rise of 1.45%. However, the deal has not yet been enlarged, only about HK $66.4 billion.　　As a result of the central government promulgated a new preferential Taiwan policy, to stimulate the concept of the Hercynian collective "blowout", become a hot spot in the plate. Taiwan's new policy has aroused positive repercussions in order to implement the five important Taiwan initiatives proposed by Premier Wen Jiabao during the Boao Forum for Asia last month, Wang Yi, director-General of the Taiwan Central Committee and Taiwan Office of the State Council, announced eight specific proposals at the first Straits Forum meeting on 17th, including: To promote investment by mainland enterprises to Taiwan; To encourage and support qualified Taiwanese enterprises to expand the mainland market and participate in the mainland's expansion of domestic demand infrastructure and major projects, to increase the mainland residents to Taiwan tourism, to promote consultation to establish cross-strait economic cooperation mechanism, and further to the residents of Taiwan to open professional and technical personnel qualification Examination Project, strengthen the cross-strait agricultural cooperation platform　　Permit Taiwan law firms to set up branch offices in Fuzhou and Xiamen, and to engage in civil legal advisory services in Taiwan. The market responded positively to the news, and the Hercynian concept unit performed well. Among them, Xiamen Port (03378.HK) rose 10.28%, closed to HK $1.63, turnover exceeded HK $100 million, Fujian Holding (00181.HK) ended up 4%, closing at 0.78 Hong Kong dollar, and Fujian Letter group (00222.HK) fell nearly 3% after opening, but eventually Rose 0.6%, At HK $3.33. In addition, the Taiwan-funded shares related to the continued popularity of capital, Fubon Bank (00636.HK) rose 7.37%, closed to HK $4.08.　　And the blue-chip Foxconn International (02038.HK) also has a 5.61% increase, closed to HK $5.46.　　To the Hercynian concept unit again strong trend, some analysts pointed out, because the relevant concrete measures will be introduced, this will support the Hercynian plate sustained performance, Hercynian concept of the subject will still be further excavation of the market. The local banks ' shares have been flat as a whole, but Hong Kong's local banking stocks have been mediocre yesterday. Goldman raised its target price for several local banks, raising its target price of Hang Seng Bank (00011.HK) from HK $87 to HK $109, and raising the target price of Daxin Banking Group (02356.HK) from HK $3.25 to HK $7; Will BOC Hong Kong (02388.HK) The target price was raised from HK $7.25 to HK $12 and the target price of East Asia Bank (00023HK) was raised from HK $14.55 to HK $23.20.　　At the same time, Goldman Sachs also raised the BOC Hong Kong and Dah Sing bank Group rating from "sell" to "neutral". Stocks regained ground yesterday and closed higher, in addition to a boost from the mainland stock market, another reason may be JPMorgan's target of the end of the index from 16600 points up to 19,800. Xingliping, head of the Securities division of the Finance Group, said Hong Kong stocks had adjusted for the economic downturn yesterday morning, but with the mainland a-share market stabilized in the afternoon, it is believed that there is limited chance of a big sell-off in the city. However, some analysts said that from the weekly line, Hong Kong's stock market fell 3.45% last week, in addition, the first quarter of Hong Kong's GDP 7.8% negative growth, far lower than market expectations, and Hong Kong continues to have a swine flu confirmed case, the HSI short-term rebound pressure, may seek support at 16,000 points.