The index of state-owned enterprises rises 2.23% and weighs hot money effect

The power of hot money reproduced, by the HKMA again in the market to undertake the stimulus of the dollar, Hong Kong stocks, led by property stocks and bank shares this morning, have regained the 18000-point and short-term upward rail, and the index of the market at 18,340 points after the surge of the HSI at noon, which narrowed to a slight increase of 388 points or 2.17% at noon. At 18,280, the total turnover was HK $33.749 billion, and the state-owned enterprise index showed more strength, rising 2.23% to 10,764 points, and moving up the average.　　However, the institutions are still cautious, when the assets of the capital are considered to have risen more than 600 points in the past two days, fully reflecting the low interest rate of the US, coupled with the weak transaction, it is estimated that in the next cycle, before the settlement, it will only be hovering at 18,000 points. Blue-chip stocks rose, interest-sensitive shares in the Fed after the full speculation on the whole, active market sentiment, New World development (0017-HK) led a two-day rise, a sharp increase of 6.29%, the rise of the first, Henderson Property (0012-HK) and Sun Hung Kai Property (0016-HK) rose 5.37% and 4.94%, followed , Hang Lung Real estate (0101-HK) rose 4.79%, Sino Property (0083-HK) and Cheung Kong Industrial (0001-HK) rose 3.68% and 2.94%.　　Bank shares are also being outdone, with the Bank of East Asia (0023-HK) and Hang Seng Bank (0011-HK) rising 3.27% and 3%, as big as HSBC Holdings (0005-HK) rose 1.45%, supporting the rally in the index. Chinese stocks are also strong, with Bank of China (3988-HK), which has been raised by Citi's target price by 20%, rising 3.76% per cent, and the construction Bank (0939-HK), which is the industry's preferred stock, Rose 2.22%, HK $5.98, which is still a long way from the HK $7.3 target price offered by Citi, ICBC (1398-HK) and Bank of Communications (3328-HK) rose 3.07% and 2.16%; China Merchants Bank (3968-HK) rose 1.7%. Coal stocks are supported by rising coal prices, Yanzhou coal (1171-HK) rose 5.14%, and China Shenhua (1088-HK) and the Chinese Coal Energy (1898-HK) also rose 4.17% and 3.55%.　　China Building Materials (3323-HK) was raised by Morgan Stanley to increase its rating to overweight, a rise of nearly 4%, but also a row in two consecutive days. Metal stocks under the stimulus of copper Shangye, Jiangxi Copper (0358-HK) rose 3.53%, Luoyang Molybdenum Industry (3993-HK) rose 2.46%, China Aluminum (2600-HK) rose 1.88%.