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on october 2, the situation in the middle east escalated, global funds rushed to avoid risks, european and american stock markets plunged, but chinese assets exploded. last night, us stocks and chinese concept stocks bucked the trend and surged. today, the hong kong stock market experienced an epic surge. shareholders who are still on "holiday" left a message: a-shares should open as soon as possible and don't celebrate the holidays!

epic surge

hong kong stocks were boiling throughout the day. as of the close, hong kong's hang seng index closed up 6.2%, and the hang seng technology index rose 8.53%.

a total of 26 hong kong stocks rose more than 100% in a single day. among them, china financial investment management rose more than 730%, rising nearly 10 times during the session.

in addition, huarong financial holdings and capital venture capital both rose by more than 400%, and many stocks rose by more than 200% in a single day.

in terms of sectors, mainland property stocks continued to rise in late trading, with 13 stocks closing up more than 100%. among them, ronshine china finally rose by more than 397%, greenland hong kong rose by more than 172%, agile group rose by more than 160%, and shimao group rose by more than 153%.

domestic brokerage stocks continued to soar. huarong financial holdings and shenwan hongyuan hong kong closed up 412.5% ​​and 206.02% respectively. china merchants securities rose more than 81%, citic securities rose more than 39%, and shenwan hongyuan rose more than 33%.

qianhai kaiyuan yang delong commented on his previous views on weibo, saying that he would seize the opportunity of the bull market.

yang delong previously said, "multiple policy benefits have completely reversed market expectations, and the bull market has become more and more intense." "everyone must maintain confidence and patience. judging from monday's market, brokerage firms and the liquor sector are still the main forces leading the rise, and many sectors have experienced daily limit rises. , indicating that the level of this market is relatively large, and it may even produce a bull market. it is recommended that everyone be patient and hold on to high-quality chips at this time, waiting for the market to perform. i believe that investors who are determined to go long will receive better returns in the future development. . after more than three years of downturn, the market has finally ushered in a period of rapid growth. congratulations to all value investors for making a great turnaround.”

the short-selling ratio of the hang seng index fell back to historical lows. a research report from huatai securities stated that it is currently important to note that the risk premium and short-selling ratio have reached extreme levels: 1) short positions. as of september 30, the short-selling ratio of the hang seng index fell back to 7.5%, which is lower than the normal level of 10% to 20%. the lower edge of the range is at the 4% quantile since 2010; 2) foreign capital, trading volume and passive foreign capital improved last week, but active foreign capital was still a net outflow; 3) southbound, the scale of southbound net inflows narrowed last week, and the proportion of transactions it rose back to more than 30%; on september 30, there was another large net inflow of southbound funds, and the ah premium returned to more than 148; 4) industrial capital, the repurchase enthusiasm has cooled down, and software and services, banks, retail and other repurchase market value ratios are among the top .

“it feels like a vacation is just a waste of time.”

the continuously soaring market prices have frightened old investors. some people left messages on the backend of e-company’s official wechat account to express their regret: “i just closed my position,” “i feel like i missed hundreds of millions,” and “it’s a pity that i couldn’t hold on.”

a-share investors are no longer calm. some netizens left messages: "the a-share market should not be closed during the national day", "i feel like the holiday is a waste of time", "for the first time, i feel that the holiday is too long", "hurry up and open the market instead of celebrating the holiday."

some investors also believe that a-shares will open higher after the holidays. many people predict that the shanghai composite index will "go straight to 3,500 points."