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Market review: October 14, 2016

Fang submitted 2016-10-18 09:12:21

Market review:

China stocks remained firm after a volatile trading day.

Research Notes:

SHA rose about 0.08% with money flowed into Construction, Banking and Aviation sectors the most. Xi'An Catering Co.,Ltd.(000721.sz) rallied to limit-up as investors are chasing those firms which would benefit from further policy support of “One Belt One Road” of gov.

DXY failed to hold the 98 line but remained a pressure for global risky assets as investors taking some profit in forex market before several fed officials, including Chairwoman Yellen to give speech on monetary policy by the end of the week. CNYUSD hanging over 6.7 level with investors stayed cautious before the release of monetary data of China. In commodity market, coal, iron ore and corn starch rallied the most as investors keep push the coal price higher, to bet against the supply curb policy on the coal industry and place gov into a policy dilemma. We observed that money continued to flow into South China Sea and One Belt One Road sectors, as investors believed that gov conference by the end of the year would offer more boost for the related firms. We also keep our recommendation on robotic technology sectors as well as environment protection industry.

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