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中文(ZH) 华泰证券港股策略:存量博弈对港股资金的虹吸或未结束

Huatai Securities Hong Kong Stock Strategy: The siphon effect of stock game on Hong Kong stock funds may not…

Huatai Securities has released a bearish outlook for the Hong Kong stock market, noting a continued decline in the Hang Seng Index below 23,000 points. The firm attributes this downturn to a strong US dollar, which is pressuring emerging markets, and a significant AI

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Huatai Securities Hong Kong Stock Strategy: The siphon effect of stock game on Hong Kong stock funds may not…

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  1. 36氪 (36Kr) TIER_1 中文(ZH) ·

    Huatai Securities Hong Kong Stock Strategy: The siphon effect of stock game on Hong Kong stock funds may not be over

    36氪获悉,华泰证券发布港股策略研报称,上周港股市场单边走弱,恒生指数跌破23000点。除此前已经定价的消费数据等基本面因素外,港股仍受制于缺乏强吸引力主线,在资金面虹吸下从平台震荡进一步转为下行:(1)宏观上,美元指数走强至101以上,对新兴市场普遍形成压力。强势美元下人民币升值影响被稀释,AH溢价指数上行至122%。(2)微观上,资金存量博弈特征明显,腾挪仓位需求导致非AI股从此前不涨变为持续阴跌。此外,韩股上周波动率进一步上升,直接影响了亚太地区资产表现。当前市场演绎已经较为极致,从避险属性的红利股都遭到南向流出压力可见一斑。往后看,反转空间尚未打…