Chinanews client Beijing, March 13th (Xie Yiguan) Global stock markets suffered a "black week". On the 12th, the stock markets of 11 countries in the world plummeted and melted, and on the 13th, the stock markets of 7 Asia-Pacific countries plummeted and melted. Can A shares stand out? Why do analysts call it a "buy A-share buy-down" opportunity?
The stock markets of the seven Asia-Pacific countries plummeted on the 13th, and most of them bottomed out and rebounded.
On the 12th, according to incomplete statistics, the US stock market, Brazil stock market, Canadian stock market, Thailand stock market, Philippine stock market, Pakistan stock market, South Korean stock market, Indonesia stock market, Mexican stock market, Colombia stock market, and Sri Lanka stock market, 11 countries ’stock markets suffered a" fuse-off " ".
Some media pointed out that on March 11 and 12, the value of major U.S. stocks, Hong Kong stocks, and A-shares lost as much as 46 trillion yuan. Taking into account the European market, the global market value lost at least more than 50 trillion yuan.
The main stock indexes of the Asia-Pacific stock market rose.
On the 13th, the Asia-Pacific stock market reproduced this scene. According to incomplete statistics, the Indonesian stock market, the South Korean stock market, the Indian stock market, the Sri Lanka stock market, the Pakistan stock market, the Thai stock market, and the Philippine stock market.
However, on the whole, the stock markets of most countries in the Asia-Pacific region opened lower and lowered on the 13th, bottoming out and rebounding. For example, the Philippine stock market, the Indian stock market and the Thai stock market, which have seen plunge and meltdown, resumed trading, and then rose to popularity. Among the major country stock markets, Japan and South Korea still closed down.
On the 13th, the Nikkei 225 index once fell about 10% during the session and closed down 6.08% at 17,431.05 points. This week, it has fallen 15.99%, the largest weekly decline since the week of October 10, 2008. The stock index fell by more than 8%, triggering a blowout. The Korean Composite Index fell 3.43% to 1,771.44 points, a record low of nearly seven and a half years, a cumulative decline of 13.17% this week, and a cumulative decline of 19.39% this year.
In response to the plunge in the stock market, on the 13th, the Bank of Japan conducted unscheduled open market operations to provide 1.5 trillion yen of liquidity for securities and tendered to buy 200 billion yen of Japanese bonds. South Korea announced that from March 16 to September 15, South Korea will ban short selling of shares traded on Kospi, Kosdaq and Konex.
A-share foreign capital net outflow of nearly 41.8 billion yuan a week, setting a single-week historical record
Global stock markets have plummeted and A shares have also been affected. The Shanghai Composite Index fell 4.85% this week, the Shenzhen Component Index fell 6.49%, and the GEM Index fell 7.4%.
However, from March 12th to 13th, the external stock market staged a "melt tide", but the A-shares were "lit." On the 12th, the Shanghai Index fell 1.52%, and on the 13th, it fell 1.23%. The performance of A shares on the 13th was more concerned by investors.
On the 13th, the A shares opened sharply lower. The Shanghai index fell 4.08% and fell below 2900 points; the Shenzhen Component Index fell 5.11%; the ChiNext Index fell 5.28% and fell below 2000 points. During the session, the Shanghai Index once fell below the 2,800-point mark, but then it bottomed out strongly and rebounded. The three major stock indexes almost turned red during the session.
Shanghai stock market trend.
Although the northbound fund ’s net outflow was 14.726 billion yuan throughout the day (the net outflow of the Shanghai Stock Connect was 10.554 billion, and the net outflow of the Shenzhen Stock Connect was 4.172 billion), setting a new record high for a single day ’s net outflow, the Shanghai stock index closed down 1.23% to 2878.43 points. The index fell 1.00% to 10831.13 points; the ChiNext index fell 0.75% to 2030.58 points and recovered 2000 points.
Affected by the sharp outflow of foreign capital on Friday, the cumulative net outflow of northbound funds this week was nearly 41.8 billion yuan, the largest net outflow in a week.
The analyst shouted "A drop in A shares is an opportunity to buy." Why?
In the face of the plunge in the external stock market, some securities analysts believe that "the decline in A shares is an opportunity to buy." For example, Chen Guo, chief strategy analyst at Anson Securities, clearly stated in a research report released on the 13th, "If the A share market appears Panic, our point is only one sentence: Buy A shares firmly. "
According to Chen Guo, "We are still very optimistic about A-shares. China is the first to successfully control the epidemic of new crown pneumonia and become the global model. The A-share market will also be the first to emerge from the epidemic crisis and become the global model."
Data chart: Shareholders of a securities trading hall pay attention to the market trend. Photo by Luo Yunfei
"In the short term, the plunge of U.S. stocks has also had a certain impact on A shares, but the fluctuations are limited. In the long term, A shares are expected to become a global safe-haven asset." Xingshi Investment believes that both from the cycle of the stock market, and In terms of epidemic prevention and control or counter-cyclical toolbox, China's advantages are very obvious. Looking at the whole year, there is a high probability that A shares will be able to get out of the independent market.
"From a general trend perspective, the sharp decline in U.S. stocks after peaking will cause global capital to look for new opportunities. A-shares are undoubtedly a depression in valuation." Said Yang Delong, chief economist at Qianhai Open Source Fund. Lu political commissar, chief economist of Industrial Bank and chief economist of Huafu Securities, pointed out that A shares have obvious advantages on a global scale, and the Chinese market will become a green boat in the eyes of the global storm.
These stocks are favored by funds, becoming the main force to support A shares
On the 13th, land circulation concept stocks staged a daily tide. Seventeen related stocks, including HNA Innovation, Beijing Investment Development, and China's Wuyi, closed daily limits. Relevant notices issued by the Ministry of Agriculture and Rural Affairs have shown that the trials for reforming the collective property rights system in rural areas have been comprehensively carried out, and the second round of land contract extensions have been carried out prudently and securely for another 30 years.
In addition, in the industry sector, the tourism, semiconductor, electrical equipment, software services, aviation and other sectors closed against the market and rose. In the concept sector, agricultural stocks strengthened, and medical concept sectors such as mask protection, medical waste treatment, anti-flu and anti-cancer performed poorly.
This week's top gains are in the concept sector.
From one week's data, stocks in U.S. high-voltage, land transfer, Hainan free trade, horse racing concept, Wuhan planning, 5G and other concept sectors have been sought after by funds; mask protection, Internet celebrity economy, pork, anti-flu and other popular concepts have sharply retreated.
This week's gains are among the top or relatively resilient sectors.
In addition, the communications equipment, telecommunications operations, tourism, transportation equipment and other industry sectors performed strongly; the textile and apparel, chemical fiber, nonferrous metals, construction machinery, petroleum and other industries performed weakly.
"The current spread of the new crown virus worldwide may weaken institutional investors' allocation of Chinese stocks in the short term. However, this does not indicate that they are not optimistic about Chinese stocks." Said UBS Asset Management Director of Asset Allocation, Luo Di. From the perspective of the cycle, northbound funds will still show a trend of continuous inflows. This is determined by the trend of foreign investment in strategically adding China, and this trend will not end soon. (Finish)