Entering August, Chinese network technology stocks will take over from US technology stocks and enter a peak period of performance. Star stocks will gradually release their quarterly financial reports. According to market expectations, Futu has compiled the performance forecast of some popular Chinese network technology stocks for reference by investors.
$TENCENT (00700.HK)$Please use your Futubull account to access the feature.$Alibaba (BABA.US)$Please use your Futubull account to access the feature.$JD.com (JD.US)$ And star stocks will gradually release their quarterly financial reports.
According to market expectations, Futu has compiled the performance forecast of some popular Chinese network technology stocks for reference by investors:
Recently, some economic data in the United States has been weak, and a large amount of funds are worried that the US economy will fall into a recession. Although this is highly controversial, this situation may help to promote the early start of monetary easing by the US Federal Reserve. Currently, the expectation among Wall Street banks that the Fed will start a period of aggressive monetary easing is increasing, and many banks expect interest rate cuts to begin in September.
Once interest rates begin to fall, Chinese assets are expected to receive a liquidity boost and Chinese concept stocks and the Hong Kong and A-share markets are expected to see significant bullish news.
Zhu Liang, Deputy General Manager and Investment Director of United Fund, said that historical data shows that foreign capital flowing into China's stock market is inversely linked to US dollar interest rates. Therefore, with the increasingly strong signal of US interest rate cuts, if future US dollar interest rates fall, it will be conducive to capital returning to China's stock market.
Xingye Securities also said that under the impact of multiple macro factors, the overly consistent expectations of the peripheral markets and the overcrowded trading have appeared to have reversed and switched between 'high' and 'low'. Along with the drastic fluctuations in the global capital market, similar to the period of April-May, Chinese assets may gradually receive more overseas capital allocation. In a midterm perspective, Chinese assets will face a more favorable liquidity environment in August and September.
Recently, Minsheng Securities released a research report stating that it is bullish on the leading internet plus-related Chinese assets in overseas markets under the background of interest rate cuts in North America.
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Editor/Somer