Wo Wheel Point of view: A-shares strong still pay attention to A50 warrants

June 24, 2009, the Hang Seng index preference, after the early 45 points, followed by a A-share rose to 17,823 points, the afternoon first back to 17,912 points, back to fill the Tuesday decline, closed at 17,892 points, Rose 2.02%, the market contract shrank to HK $56.7 billion. On U.S. stocks, the main stock indexes were mixed overnight, with the Fed's open Market committee keeping interest rates unchanged between 0% and 0.25%, consistent with market expectations. But the announcement by the Fed's monetary policy meeting was not new, but it was disappointing to investors. By the close, the Dow fell 0.28%, and the index rose 1.55% and 0.65% respectively. Hong Kong's local blue chips in the U.S. market for ADR in the United States, a better move in heavy stocks, compared to the closing price of Hong Kong rose 1.05%.　　Hong Kong stocks are expected to drive slightly higher early. The National Bureau of Statistics said yesterday that China's economy is now bottoming out, with GDP growth of nearly 8% in the two quarter. With the establishment of the central government to expand domestic demand and promote stable and rapid economic development package of policy implementation, the current China's economy has begun to rebound in the bottom, which will be conducive to long-term development of the stock market. News on a A-share market to form a short-term positive, is expected to stimulate a-share market continued to rise, will also be closely linked with a-share trend of the A50 China Fund (02823.HK) to form a strong support, investors may wish to pay attention to the recent performance of A50.　　From the technical perspective, A50 is expected to innovate high, breakthrough 14 Yuan pass. If bullish A50 trend, can pay attention to the subscription card 17428, the exercise price of 14 yuan, expires in March 2010, if the light can be paid attention to the call card 17432, the exercise price of 12 yuan, expires 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.