michaelweirsky| Big dive! Chinese assets plummet

TodayMichaelweirskyThe A shares and Hong Kong stocks plunged in an all-round way, of which the Prev fell 1.Michaelweirsky.33% to close at 3116.39 points; Shenzhen Composite Index fell 1.56% to close at 9541.64 points; gem index fell 1.38% to close at 1852.07 points; Hang Seng Index fell 1.7% to close at 18868 points.

With regard to today's sharp drop in Chinese assets, I focused on explaining to you in the live class on May 21. At the same time, on Tuesday, "A-share super track hit, this company is good again today!" "in the article, there are also timely reminders. In terms of individual stocks, more than 4500 stocks fell on the Shanghai and Shenzhen stock markets, and 90 per cent of the stocks fell. However, at the time of the A-share correction, the stocks of the Northern Stock Exchange rose against the market, and the seesaw effect appeared again, which is a safe haven for short-term active funds.

There are a total of 248 listed companies on the Beijing Stock Exchange, but 241 companies are on the rise, coming out of a general rising pattern. The sharp fall in A shares today is also due to two bad raids: first, the United States imposed tariffs on us, and the sweater war began again in an all-round way. Second, the Federal Reserve may consider raising interest rates without cutting interest rates this year. Although A shares fell miserably today, we also saw a glimmer of dawn, that is, the mysterious funds of GJD began to enter the market at 13:30.

At 13:54, GJD has a more aggressive buying action, with increased efforts to protect the market funds, which also makes A shares close to the close of trading when there are signs of a brief stop, the major institutions have to give face, do not dare to sell in large quantities. Although the market fell and broke today, there is still support at 3090 points, which is the strength line at the bottom of the head and shoulders. If there are no major changes in the periphery, it will not easily fall below this important support level.

For the industry, today's largest decline in the industry is non-ferrous metals, in this industry's 112 listed companies, 108 companies are falling, almost wiped out. The reason why the industry has fallen so much is mainly because the Federal Reserve released the minutes of the April FOMC policy meeting in the early morning of May 23, Beijing time. The minutes show that the Fed is disappointed with the recent inflation data and is willing to consider raising interest rates again if it does not cool further. At the beginning of the Sino-American sweater war, there is a good opportunity for growth.

Hundreds of industrial machinery products imported from China are duty-free, including solar energy (000591) manufacturing equipment, the US said. This is also a large-scale equipment update plate vigorously supported by China's policy this year, superimposed with multiple benefits, this plate will usher in a wave of rising market.