FangQuant › Financial Futures

Market review: March 13, 2017

Fang submitted 2017-03-13 23:36:47

Market review:

China stocks rose with SHA climbed about .76%.

Research Notes:

Money flowed into Non-Ferrous Metal Mining, Electronic Devices, Construction sectors the most. Shandong Jiangquan Industry Co.(600212) rallied to limit-up as investors chased this lithium material producer as it ceased a restructure plan and resumed trading.

DXY declined to 101 level as investors taking some profit before FOMC this week.CNYUSD consolidated around 6.9 level as investors prepared for China econ data release on Tuesday, with some bullish expectation. In commodity market, Rebar,Hot Rolled Coils,Iron Ore rallied the most as gov reconfirmed that it will stick with the supply curb plan of these raw materials. As the FOMC risk mostly priced in, we recommend to hold the position in AI, smart devices and electronic cars sector, SHA could continue its rally to 3300 as investors pricing with the new season econ plan with some better than expected macro data.


Copyright by FangQuant.com

Currently no Comments.