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Market review: August 9, 2016

Fang submitted 2016-08-09 16:34:05


Market Review:

China stocks went on the rally with SHA climbed about 0.71%.Lower than expected CPI data confirmed that Gov could continue the easy monetary policies and some shares grabbing competition for Vanke fueled the sentiment of investors to buy into real estate sector.


Research Notes:

Money flowed into Construction, Entertainment and Electronics. Hunan Hualing Steel(000932.sz) rose to limit-up for a second day as it migrated into finance and power generating business.

DXY maintained its firmness with some brokers considered that Fed could still make some move this year. CNYUSD fell to lowest level in August with many investors prepared for China macro data dump this Friday.In commodity arena, coal, glass and palm oil took the lead. As many producers of coal and glass, as well as other industrial material manufacturers would cut the supply to keep air clean for G20 meeting. For palm oil, the rally was said related to increased buying for mid-autumn holiday. Despite the recent rebound of SHA, we still would like to caution investors that some fluctuation could back into play with Friday macro data release, it’s wiser to reduce some risk exposure with market rally than to dump shares with market decline. Environment protection sector could be a short term bet but we also concern that the rise could end before the end of G20 meeting.


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