Hang Seng Insurance Code outflow of 24,000 in China ?

Ming Pao economic data released yesterday, the Mainland, Hong Kong stocks very volatile movements, decreased slightly to close at the end so tired this week,

the Hang Seng Index fell 338 points, is the first time in four weeks by weekly decline. Transferred to the end of the macro seems hopeless, plus one month of China Fund recorded a net outflow since the first, Hong Kong stock market is expected to continue on and off the market, but the plates which were also desirable.

10 am, the Hang Seng Index rose more than relying on the data released after 200 points, but to 11 hours after the massive sell order, just 7 minutes, more than 200 points to the urgent Daodie interpolation, and from low to stabilize the afternoon, finally closing insurance Shou 24,000 mark, at 24,008 points, edged down 6 points on turnover of 72.2 billion.

Alex Wong rich asset management directors believe that the market reaction is neutral on the inflation data, and lack of direction the market outlook. "At present, the level of the Hang Seng Index is embarrassing, if rose 300 points, or have investors chasing high; if 500 points are likely to attract or absorb the plate." Hong Kong stocks will be short 23,850 to 24,200 points in between on and off.

Expected before year-end inflation in the Mainland broker peaked

With investment bank earlier expected inflation peaked at 6,7 months, hoping to relax after the policy will be triggered in Hong Kong stocks rally ShangXi two weeks, but the Asia-Pacific equities at Baring Asset Management investment manager Fangwei Chang is not so optimistic He pointed out that the Mainland will continue wage increases, and more raw materials and energy prices rose, "was panic," inflation is expected to continue for some time, and the central tightening versa.

Nearly 2 billion flowed out of China, the first 4 weeks

Emerging market rally of the end of more than 3 weeks, also see the slow rate of capital inflow. Institutions to track the flow of global capital EPFR said that as at Wednesday (13) in the week, emerging markets and 20 billion dollars recorded a net inflow of capital, compared to 5.7 billion last week greatly reduced, according to Nomura Securities analysis, in which Hong Kong recorded inflows of $ 49,000,000, only half of last week, China recorded a net outflow of 194 million, is the first time in four weeks.

Fangwei Chang said his fund would have the ability to bet up to pass the cost of the company, such as high-end consumer stocks and telecoms. He explained that the current economy is not bad, when the wage increase consumer confidence to a certain extent, and some electronic product sales less affected by the economy, while ordinary people are increasingly willing to pay a higher monthly fee for smart phones. On the other hand, he suggested that to avoid high debt or lack of manufacturer of innovative concepts.

Alex Wong said, "buy China (buy China)" is still profitable, will choose a local real estate business on the Mainland, such as Ka Wah (0173), Shui On Construction and Materials (0983); Hong Kong banks have interest rate increases by the pure local property shares will be under pressure.

source: http://news.sina.com.hk

Posted in: berita.