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Market review: April 18, 2017

Fang submitted 2017-06-05 21:33:27

Market review:

China stocks declined with SHA fell about 0.79%.


Research Notes:

Money outflowed from Real Estate, Software Development, Cement sectors the most. Sonoscape Medical Corp.(300633) rallied to limit-up as investors chasing this newly listed medical firm which produces ultrasonic diagnostic devices.

DXY fell toward 99.5 level as several Fed officials talked down the probability of imminent balance sheet shrinking operation. CNYUSD strengthened to 6.87 level as Premier Li claimed to have confidence for a stabilized RMB. In commodity market, Ferrosilicon, Gold, rallied the most as investors seeking some safe for the tension persists in Korea Peninsula. Both cooling down of Xiongan related shares and Pressure of tightening regulation reduced the risk appetite for A share, yet we considered there should be some opportunities for bargain hunting with SHA declined to around 3150~3180 region, investors could keep their shares in consumer good and medical care while reduce exposure to cyclical sectors.


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