China’s A shares opened lower and lower on Monday (14th), the Shanghai index fell more than 2.5%, Hong Kong stocks plummeted more than 1,000 points, and the 20,000 mark fell. When the city was closed, Jilin Province even issued a provincial decree.
The Shanghai Composite Index fell 2.61% to 32,23.53 points on Monday, the Shenzhen Component Index fell 3.08% to 12,063.63 points, and the ChiNext Index fell 3.56% to 2,570.45 points.Total turnover of Shanghai and Shenzhen stock exchangesRMB 969.9 billion yuan, and the net sales of northbound funds was 14.408 billion yuan.
Shares in tourism, brewing, petroleum, coal, power and other sectors fell sharply, while gas, nonferrous metals, semiconductors, agriculture, steel, building materials, insurance, banking and other groups all weakened.
Hong Kong stocksHang Seng IndexIt closed down 4.97% and fell below the 20,000-point mark, the first time since 2016. The Hang Seng Technology Index fell by more than 11%, writing the largest one-day decline in history. Xiaopeng, Meituan (03690-HK), Alibaba (09988-HK) shares fell by more than 10%, with an ideal fall of regarding 20%.
The Shenzhen Municipal Government announced last Sunday night that in order to effectively control the epidemic, closed management will be implemented from Monday to Sunday, and dynamic adjustments will be made according to the epidemic. During this period, the city’s buses and subways will be suspended, and the city’s personnel will work from home and are prohibited from leaving Shenzhen. .
The Dongguan Epidemic Prevention and Control Headquarters also announced the closure of the city on Monday. From 8:00 a.m., buses and subways will be temporarily suspended. All communities in the city will implement enclosure management, and factories, enterprises, and industrial parks will fully implement closed management. It is initially scheduled to be implemented until 20 24:00.
Jilin province in northeast China announced on Monday that it would prohibit the movement of people from the province across provinces and cities, especially in Changchun and Jilin, becoming the first province to impose a province-wide lockdown since the outbreak of the omicron epidemic.
In addition to the epidemic, the stock market is also facing negative risks such as the conflict between Russia and Ukraine, the US Federal Reserve (Fed) raising interest rates and the risk of delisting Chinese stocks.
Guo Yuantao, an analyst at China Merchants Securities (Hong Kong), said that although the delisting risk has not affected the fundamentals of the company, it is expected that under the interference of multiple headwinds such as the Russian-Ukrainian conflict, the local epidemic, and the Fed’s monetary policy, investors’ confidence will be low, and short-term The domestic stock market will continue to fluctuate at the bottom.
Experts believe that the most important thing for enterprises to pay attention to is their own operation, such as whether the business model is reasonable, whether it can achieve profitability, and whether the cash flow is stable.
