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1. the rmb suddenly depreciated sharply!

in the foreign exchange market late at night, the offshore rmb exchange rate against the u.s. dollar fell by 511 basis points, with a quote of 7.1023. this was mainly due to the u.s. dollar index rising by 0.5%, reaching 102.49.

before the holiday, the a-share market rose sharply, and during the long holiday, the performance of hong kong stocks was also very bullish. therefore, many people are speculating that a shares may usher in a more violent rise after the holiday. the current market conditions do feel overwhelming. however, just when the stock market was booming, the offshore rmb suddenly fell by nearly 1,200 points against the us dollar, and fell to the 7.1 mark again.

2. ah stocks dance in sync, and the gears of the bull market begin to turn.

during this national day holiday, a-shares seem to be infected with the holiday enthusiasm and don’t want to rest. indeed, during the national day, the nasdaq china golden dragon index’s weekly increase reached 11.85%, rising for the fourth consecutive week. hong kong stocks also regained their upward momentum after a slight adjustment.

chinese assets have become the darling of the market, and the money-making effect is everywhere. even without the blessing of southbound funds, foreign capital became the main force during the holidays, which fully demonstrates that the attractiveness of chinese assets has undergone a significant change and is being recognized and sought after by the global market.

3. hong kong stocks are being snapped up by the global market!

jpmorgan chase invested more than hk$4.1 billion to buy chinese assets in one day on the 27th. this is enough to show that hong kong stocks and a-shares are expected to transition from a short-squeeze rebound to a sustained and volatile reversal, and have great potential for appreciation in the future.

after all, this wave of rise in hong kong stocks is based on the revaluation of value, and the pressure for adjustment is relatively small. at the same time, the valuation of a shares has also been strongly supported. the bull market trend of a-shares and hong kong stocks has formed a virtuous cycle and is being recognized and pursued by the global market.

new stage

the market's enthusiasm seems to have returned to the peak 3 years ago, or even the feverish period 4 years ago. the current high market sentiment seems to be telling us that the a-share market has entered a new stage, and we should think more in a bull market. make decisions.

looking back at history in 2015, 2019 and 2020, whenever market sentiment reaches this state of euphoria, the market usually continues to rise in the short term. afterwards, the market may experience some correction as sentiment cools, but this does not mean the end of the bull market.

investment is risky, so you need to be cautious when entering the market. let us be friends of time and enjoy the gains brought by value investment. readers are welcome to discuss their views on the recent stock market in the comment area below.