Market Review on August 12th

After the overnight opening of the three major indexes of US stocks, the Dow rose more than 1% and reached its highest level since February, but Senate majority Republican leader Mitch McConnell said that White House negotiators did not discuss a new round of anti-epidemic relief plan with congressional Democratic leaders on Tuesday. All three major stock indexes plunged in late trading, with the Dow down 0.38%, the Nasdaq down 1.69%, the S & P 500 down 0.8%, and hot technology stocks generally falling.

The Hang Seng Index settled at a low level in early trading and rose in a straight line in the afternoon, led by Hong Kong bank stocks and Hong Kong real estate stocks, closing up 1.4%, with aviation, gas and coal stocks leading the way.

Us stocks before trading: futures index gains expanded

New progress has been made in the research and development of COVID-19 vaccine in the United States, and the US stock futures index has expanded. As of press release, Dow futures are up 0.9%, Nasdaq futures are up 0.85%, and the S & P 500 index is up 0.76%.

Performance of major ETF products in Hong Kong stocks

• The Hang Seng Index rose 1% to recover 25000, while the South double bullish Hang Seng Index rose 3%.
  

The Hang Seng Index rebounded sharply for two consecutive days and regained the 25000 mark today.$South double bullish Hang Seng Index (07200.HK) $The turnover increased by 3% to HK $487 million.

• The CSI 300 index fell 0.7%, while the southern double shorting CSI 300 rose by more than 1%.
  

The A-share market fell unilaterally in early trading, but market sentiment rebounded in the afternoon, and the decline of the CSI 300 index narrowed to 0.7%.South double shorting Shanghai and Shenzhen 300 (07333.HK) $Increased by more than 1%, with a turnover of HK $25.68 million.The South is twice as long as Shanghai and Shenzhen (07233.HK) $The turnover fell by 2% to HK $141 million.

• Hong Kong stock market rose by the top 10 ETF

Today, the ETF of the top 10 gains in the Hong Kong stock market is mainly long Hang Seng Index and short Nasdaq ETF.

Performance of major ETF products in US stocks

Yesterday, Democratic candidate Joe Biden in the 2020 US election announced on social media that California Senator Kamala Harris (Kamala Harris) was selected as his running mate. There are also voices in the market that the market has long expected Harris to be Biden's running mate, which also contributed to the decline of U. S. stocks to some extent. Mitch McConnell, the Republican majority leader in the Senate, said White House negotiators did not discuss a new round of anti-epidemic aid with Democratic leaders in Congress on Tuesday, a comment that also dragged down U. S. stocks.

The Dow fell 0.38%, the Nasdaq fell 1.69%, and the S & P 500 fell 0.8%.$NASDAQ triple short (SQQQ.US) $It rose nearly 6% yesterday.$S & P 500 index ETF-ProShares triple short (SPXU.US) $It rose more than 2% yesterday.$Dow ETF-Proshares triple short (SDOW.US) $It rose more than 1% yesterday.

ETF of US stocks related to listing on the Hong Kong Stock Exchange$FI2 Warsaw 100 (07522.HK) $Up nearly 3%, with a turnover of HK $21.98 million$Huaxia Direxion double look at the 07261.HK (Donna Index) $It fell nearly 3%, with a turnover of HK $14.47 million.

ETF performance of energy and precious metals

• Gold fell nearly 6% yesterday and is on a roller coaster today.

Yesterday, the official registration of Russian vaccines and the slowdown in the growth rate of infection cases in the United States have weakened the market's risk aversion, and US bond yields have soared. Gold and silver, which have been advancing by leaps and bounds this year, fell nearly 6 per cent yesterday. At one point, COMEX gold fell more than 3 per cent in intraday trading today, losing the $1900 mark, and then rebounded briefly to rise, now down 0.5 per cent and up more than $80 from its intraday low.

$Gold ETF-SPDR (GLD.US) $It fell more than 5 per cent yesterday and rose 0.6 per cent before trading.

• The US stimulus bill was difficult to give birth, and US oil rose to a high yesterday.
  

Republican and Democratic leaders in the U.S. Senate criticized each other's approach to the aid package on Tuesday, without saying when negotiations on a new bailout package might be resumed. no action has been taken on unemployment benefits for tens of millions of people who lost their jobs in the crisis. The September contract for WTI crude fell back yesterday, closing down nearly 1 per cent. The United States today announced that API crude oil stocks were-4.011 million barrels and expected to be-3.2 million barrels in the week to August 7. WTI crude oil rose before trading, rising more than 1%.

Us crude Oil Fund (USO.US) $It fell more than 1% yesterday and rose more than 1% before trading.

The head of CMarkits oil research believes that despite the increasing number of new confirmed cases in the United States, EIA commercial crude oil inventories continue to decline, which is in line with the recent bullish sentiment in the market, while the net increase in crude oil imports and refining business shows positive signs of recovery in demand.

Other ETF manifestations

• Overnight US stock market rose by the top 10 ETF

The top ten ETFs that rose overnight in the US stock market were mainly short gold and silver and the gold mining index ETF.

• Futures index gains expanded, long panic index ETF fell sharply before trading
  

Moderna Inc said that his COVID-19 vaccine is expected to achieve results as early as September, and the US government has also reached a $1.5 billion vaccine purchase agreement with it, which will buy 100 million doses of vaccine from it. The US stock index rose to 1% before the day, and the long panic index ETF fell sharply before the session.$ProShares Ultra VIX short-term futures ETF (UVXY.US) $It was down more than 6% before trading.