FangQuant › Financial Futures

Market review: June 14, 2016

Fang submitted 2016-06-14 15:31:05

Market review:

China stocks stabilized as investors considered that the MSCI risk had been mostly priced in with the slump yesterday.

Research Notes:

Money flowed into Wine Brewing, Food & Beverage and Plastics sectors the most.

Ganshu Dunhuang Seed Co.(600354.sh) rallied to limit-up for investors still would like to own some agriculture shares for the summer season.

CNYUSD resumed to fall as investors tried to own more USD before Fed minutes and UK EU membership voting.

In commodity market, coal and iron ore led the falling with cooled activities in infrastructure building.

Even soybean meal, the long term leader of rally, slumped about 2.5% as US growing area weather improved.

For risk factors of MSCI and Fed would be passed away by the weekend, we considered it’s worth some risk to own more shares of Food & Beverage and Agriculture shares with SHA around 2800 and some rebound could happen by the end of the month when the uncertainty of UK voting removed.

Copyright by FangQuant.com

Currently no Comments.