Wo Wheel Point of view: A-share rising power weakening attention to A50 warrants

June 22, 2009, the Hang Seng index on the 18,000 point, the early low opening 15 points after the concussion rose, the plate once rose nearly 500 to 18,399 points, the afternoon with a a-share narrow increase, back soft to 18,031 points, closed at 18,059 points, the increase of 0.77%,　　The deal continued to decrease to HK $62.7 billion. U.S. stocks, the World Bank's unexpected decline in global economic growth forecasts, the overnight three major indexes fell more than 2%, including the S & P 500 is below the 900 key psychological points, closed to a new low this month;　　It is expected that the early trading of Hong Kong stocks will follow a sharply low opening. A-share, China announced at the end of last week to start the state-owned shares to enrich the Social Security Fund news, delayed the partial state-owned shares to reduce the time, in favor of easing the "non-tradable" and IPO restart the supply pressure, the impact on the mainland stock market preference. But a a-share a recent reversal of the external and higher, has been good in advance digestion, and from a shares yesterday, the performance of the fall, rising power has been significantly weakened, short-term adjustment of the big sell.　　Investors may wish to focus on the performance of the A50 China Fund (02823.HK), which is closely related to a-share trend, A50 the short-term cumulative gains have been higher, technical adjustments may be, if a a-share callback will lead to A50 sharp decline. If investors continue to optimistic about the trend of A50, can pay attention to the subscription card 17428, the exercise price of 14 yuan, expired at the end of March 2010; Remind investors that the risk of the investment warrants is huge, can lead to the total loss of principal.