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the market is experiencing a surge on the last trading day before the holiday!

"the rise will make you dizzy!" it's not just the stock investors who are dizzy, the brokerage firms may also be a little dizzy. the topic #multiple brokerage trading software collapsed# has also become a hot search on weibo. some netizens said: "crazy stock investors have destroyed the brokerage server." the network port of the host switch in the data center is dry and smoking.”

today is the record for the fastest transaction in history to exceed one trillion yuan. snowball app user @endurance investment: "the bull market has just begun..."

01

sit tight and hold on tight

the three major indexes continue to soar!

it is rare for the three major indexes to rise collectively, and it is even rarer for them to rise continuously! today the three major indexes continued to surge, and the chinext index rose by more than 10%! the market continues the rising trend from last friday. as of press time, more than 5,000 stocks in the market have risen, and less than 30 stocks are in the green!

the computer sector led the bull market in early trading, with more than ten stocks such as anshuo information, runhe software, and yinzhijie hitting their daily limit of 20cm during the session, with a surge of gains. from the perspective of segmented sectors, huawei kunpeng, huawei hongmeng, huawei hms, gpu, data elements, etc. are at the forefront of the market.

the bull market is here, and the "bull market flag bearer" is taking the lead! citic securities, guolian securities, changjiang securities, tianfeng securities, guohai securities, caida securities and other stocks collectively hit the daily limit, and brokerage etfs also hit the daily limit!

in addition, real estate stocks, which have been boosted by recent positive news, have also continued to be hot. more than ten stocks, including oct a, sunshine holdings, financial street, and gemdale group, have reached their daily limit. among them, sunshine co., ltd. has 5 consecutive boards, financial street, hefei urban construction 4 consecutive boards, greenland holdings, oct a, gemdale group and other 3 consecutive boards.

on the news, on the evening of september 29, the central bank and the state administration of financial supervision issued four policies to stabilize real estate, including guiding banks to lower existing mortgage interest rates before the end of october, unifying the minimum down payment ratio for mortgages to 15%, and extending some real estate financial policy documents. term, optimize refinancing policies for affordable housing, etc. moreover, first-tier cities such as shanghai, guangzhou, and shenzhen have launched new property market policies. shanghai and shenzhen have lowered down payment ratios, and guangzhou has announced the cancellation of various purchase restriction policies for households purchasing housing in guangzhou.

in addition, the china real estate association issued an initiative to the entire industry to launch a "hundred cities commercial housing promotion activities" and concentrated its efforts in uniting relevant social organizations in october this year to mobilize and support more than 100 cities to participate in commercial housing promotion activities. focus on mobilizing real estate industry organizations and enterprises in 70 large and medium-sized cities to actively organize and carry out promotional activities, such as holding real estate exhibitions and organizing on-site viewings, etc., to promote the real estate market to stabilize and stabilize the industry, and promote the healthy development of the industry.

02

go, go, go!

hong kong stocks continue to surge!

in this round of market conditions, hong kong stocks took the lead to stabilize and continued to rise sharply today. as of press time, the hang seng index rose 3.03% to exceed 21,000 points, the first time since march last year; the hang seng state-owned enterprises index rose 3.28%, and the hang seng technology index rose 6.96%.

goldman sachs recently stated in a research report that because the former's earnings revision trend is relatively strong, the absolute valuation and ah premium are also more attractive, the liquidity of southbound funds is also more supportive, and it is more supportive of the federal reserve's interest rate cut cycle. it may be more sensitive to shocks, so it still favors h shares.

in recent years, foreign capital has continued to underweight chinese assets, and hong kong stocks have been cleared out more thoroughly. with the re-inflow of foreign capital, hong kong stocks are expected to show greater flexibility under the resonance of positive internal and external factors.

snowball app user @fund_internal reference：

as we all know, when analyzing hong kong stocks, there is a widely circulated logic: the fundamentals of hong kong stocks are affected by domestic factors, while liquidity is affected by overseas factors.

in terms of fundamentals, although the macro economy still faces challenges, bottom-up corporate profits have recovered.

in terms of liquidity, the biggest benefit has already arrived: the federal reserve’s interest rate cut cycle has begun. the liquidity environment of hong kong stocks will be greatly improved. with more "living water", the market will also rise.

perhaps hong kong stocks are really different this time, and judging from the cyclical performance of previous fed interest rate cuts, hong kong stocks have good time and flexibility to rebound. growth sectors that are more sensitive to liquidity and interest rates in the early stages will be more elastic. you can pay attention to the hang seng index and the hang seng technology index.

snowball app user @Shaaw7：

note that hong kong stocks are only closed for one day during the national day holiday. this will create relatively large short-term uncertainty. it is visually estimated that hengke is likely to rise by more than 10 points, then the various corresponding etfs of a-shares may directly reach the daily limit on the first day of trading. if you like it, don’t hesitate. today is the last chance to get on board.

03

macro data is picking up,

institutions are optimistic about chinese assets

on september 30, the national bureau of statistics released data showing that in september, the manufacturing purchasing managers index (pmi) was 49.8%, an increase of 0.7 percentage points from the previous month, indicating that the prosperity of the manufacturing industry has rebounded. in september, the non-manufacturing business activity index was 50.0%, down 0.3 percentage points from the previous month, and the non-manufacturing business boom level fell slightly. in september, the comprehensive pmi output index was 50.4%, an increase of 0.3 percentage points from the previous month, indicating that the overall expansion of production and operation activities of chinese enterprises has accelerated.

mark franklin, senior portfolio manager of asset allocation at manulife investment management, said optimism is currently prevailing. since investors are very cautious in holding positions, a-shares and h-shares are expected to rise sharply in the short term, which may lead to a sharp rebound driven by short covering.

wang ying, chief equity strategist at morgan stanley china, said policy support measures will help improve investor sentiment and liquidity and drive a positive response in the short term from onshore and offshore markets. a shares may outperform the entire emerging market.

david chao, a strategist at invesco asset management, said, "investors' fear of missing out (fomo) is rising as chinese stocks have risen nearly 10% in the past three days."

he believes the rally in china's stock market is likely to continue. he mentioned, "the chinese market is momentum-centric, and i think the current rally has some similarities to the 2014-2015 rally." as the dollar continues to weaken driven by the federal reserve's interest rate cuts, he expects “there may be a rotation away from expensive and crowded global technology deals and towards cheaper emerging market assets”.