The Wheel's Enthusiasm: Among the major business categories, the ones currently showing the strongest ultra-short-term performance are utilities, telecommunications, and energy sectors. In the short-term, utilities are the strongest. In addition, among the 150 securities monitored by the author, the ones currently offering the highest ultra-short-term speculative value are Orient Overseas (00316), Bank of Communications (03328), and Huazhu Group (01179), which can be used as references when buying related call warrants or bull certificates for profit. In the short-term, Bank of Communications is the strongest. As for securities to be considered when buying related put warrants or bear certificates for ultra-short-term profit, the top choices should be Ping An Insurance (02318), Smoore International (06969), and China Life Insurance (02628). In the short-term, Ping An Insurance is the weakest.
Currently, global financial markets are awaiting the release of the U.S. September Consumer Price Index tonight (14th). The market expects a monthly increase of 0.6% and a year-on-year increase of 3.6%. As for the core Consumer Price Index, it is estimated to rise 2.5% year-on-year. If the announced increase is smaller than expected, it could alleviate investors' concerns about further interest rate hikes by the U.S. Federal Reserve before the end of this year due to rising inflation. Frankly speaking, in recent days, Hong Kong stocks have significantly underperformed U.S. stocks under the heavy selling pressure from tech stocks, yet they have already reflected to some extent the negative factor of forced interest rate hikes in Hong Kong this year. If Hong Kong indeed raises interest rates before the end of this year, it would naturally be a negative factor for the medium- to long-term outlook; but if by then the mainland announces some new economic stimulus measures, Hong Kong stocks would have the conditions to stage a rebound. It is estimated that today both bulls and bears will continue their tug-of-war, with the market fluctuating and leaning towards weakness, so speculators should temporarily remain on the sidelines. Chief Consultant of Economic Intelligence and Trading Intelligence, Leung Yip Ho (website: www.BennyLeung.com)
*Articles published in Economic Intelligence, signed or unsigned, represent the personal opinions of the authors and do not reflect the stance of Economic Intelligence. Economic Intelligence serves as a platform providing free speech.
Currently, global financial markets are awaiting the release of the U.S. September Consumer Price Index tonight (14th). The market expects a monthly increase of 0.6% and a year-on-year increase of 3.6%. As for the core Consumer Price Index, it is estimated to rise 2.5% year-on-year. If the announced increase is smaller than expected, it could alleviate investors' concerns about further interest rate hikes by the U.S. Federal Reserve before the end of this year due to rising inflation. Frankly speaking, in recent days, Hong Kong stocks have significantly underperformed U.S. stocks under the heavy selling pressure from tech stocks, yet they have already reflected to some extent the negative factor of forced interest rate hikes in Hong Kong this year. If Hong Kong indeed raises interest rates before the end of this year, it would naturally be a negative factor for the medium- to long-term outlook; but if by then the mainland announces some new economic stimulus measures, Hong Kong stocks would have the conditions to stage a rebound. It is estimated that today both bulls and bears will continue their tug-of-war, with the market fluctuating and leaning towards weakness, so speculators should temporarily remain on the sidelines. Chief Consultant of Economic Intelligence and Trading Intelligence, Leung Yip Ho (website: www.BennyLeung.com)
*Articles published in Economic Intelligence, signed or unsigned, represent the personal opinions of the authors and do not reflect the stance of Economic Intelligence. Economic Intelligence serves as a platform providing free speech.
