Market Review on September 7th

Us stocks are closed on Monday because of the Labor Day holiday.

On Friday, the s & p 500 fell 0.81%; the Dow Jones fell 0.56%, down more than 600 points at one point in intraday trading; and the Nasdaq fell 1.27% and fell more than 5% at one point. Apple Inc and Tesla, Inc. closed up 0.07 per cent and 2.8 per cent respectively, with both stocks down more than 8 per cent at one point in intraday trading. Cyclical stocks such as airlines and cruise ships closed higher against the market. The panic index VIX fell more than 8 per cent.

Today, the Hang Seng Index fell 0.43% to 24589. In the market, large-scale technology stocks fell collectively, Meituan fell more than 5%, BABA fell 3%, XIAOMI and Tencent both fell more than 1%, Hong Kong retail stocks were among the top gainers, and Chow Tai Fook Jewellery rose 6%. China Eastern Airlines and China Southern Airlines both rose 7%; semiconductor sector led the decline, Semiconductor Manufacturing International Corporation fell nearly 23%, Hua Hong Semiconductor fell 14.4%.

Us stocks before trading: Nasdaq futures fall again

As of press time, Nasdaq futures fell again and are now down 0.92%, while the S & P 500 index is down 0.12% and Dow futures are up 0.17%.

Performance of major ETF products in Hong Kong stocks

• The Hang Seng Index has exceeded 100 points, and the bullish Hang Seng Index has fallen nearly 2% in the south.

The Hang Seng Index fell more than 100 points, or 0.43%.$South double bullish Hang Seng Index (07200.HK) $The turnover fell 1.93% to HK $620 million.South double bearish Hang Seng Index (07300.HK) $Increased by 1.01%, with a turnover of HK $6.66 million$South double bearish Hang Seng Index (07500.HK) $The turnover increased by 2.03% to HK $511 million.

• The Hang Seng Technology Index fell nearly 350 points, while Southern Hang Seng Technology fell more than 5%.

The Hang Seng Technology Index fell 347 points, or 4.57%.Southern Hang Seng Technology (03033.HK) $The turnover fell by 5.09% to HK $469 million.

• Shanghai and Shenzhen 300 fell by more than 2%, and Shanghai and Shenzhen 300 fell nearly 5% by twice as long in the south.
  

The Shanghai and Shenzhen 300 fell further in the afternoon, closing down 2.11%.The South is twice as long as Shanghai and Shenzhen (07233.HK) $Down 4.92%, the turnover was HK $34.37 millionSouth double shorting Shanghai and Shenzhen 300 (07333.HK) $It rose 2.59%, with a turnover of HK $12.72 million.

• Hong Kong stock market rose by the top 10 ETF

Today, the top 10 gains in the Hong Kong stock market are mainly shorting the Nasdaq, Shanghai and Shenzhen 300 and Hang Seng Index-related ETF.

Performance of major ETF products in US stocks

Us stocks fell sharply last Friday, with the Nasdaq falling more than 5 per cent.$NASDAQ triple long ETF-ProShares (TQQQ.US) $At one point, it fell 16% in intraday trading.

Subsequently, the decline in US stocks gradually narrowed, with the Nasdaq closing down to 1.27%.$NASDAQ triple long ETF-ProShares (TQQQ.US) $The decline narrowed to 4.12%, with a turnover of $9.663 billion.

ETF of US stocks related to listing on the Hong Kong Stock Exchange$Huaxia Direxion double look at the 07261.HK (Donna Index) $The turnover reached Hong Kong dollars.$FI2 Warsaw 100 (07522.HK) $The turnover reached Hong Kong dollars.

ETF performance of energy and precious metals

• Us oil futures fell below US $40, down nearly 9% in four days.

Due to the labor holiday, stock markets in the United States and Canada will be closed on Monday, trading in CME's precious metals, US crude oil and foreign exchange contracts, and ICE's Brent crude oil contracts will close early. API and EIA's weekly crude oil inventory reports will be postponed to 04:30 and 23:00 on Thursday, respectively.

Saudi Aramco previously lowered the price of all grades of crude oil exported to Asia and the United States in October for the first time since June. Saudi Aramco will also lower the price of light crude oil exported to northwestern Europe and the Mediterranean. Meanwhile, Saudi Aramco cut prices to US buyers for the first time since April after Saudi oil exports to the US fell to their lowest level in decades in August.

In addition, the International Labour Day holiday in the US will mark the informal end of the summer driving season, and crude oil demand will decline as refineries are about to seasonally shut down for overhaul.

WTI crude oil futures, which fell more than 4 per cent on Friday, fell again today and are now down 1.5 per cent at $39.16, down nearly 9 per cent in the past four sessions.Crude Oil Index ETF-ProShares DJ-UBS double long (UCO.US) $It fell by more than 7% last Friday and 13% in the past three days.$Proshares double short Bloomberg crude ETF (SCO.US) $It rose more than 7% last Friday and 14% in the past three days.

• The main gold company closed up 0.18% last Friday, and double long gold ETF rose 0.68%.

The main gold company closed up 0.18% last Friday.Double long gold ETF (ProShares) (UGL.US) $Up 0.68%. In addition, it is doomed that the dollar index rose 0.17 per cent to 92.957 and rose 0.85 per cent over the past five trading days.

The World Gold Council said in its latest report that the latest bull market in gold in 2020 came too quickly, which left gold with room for a short correction, but gold still has the potential to rise further in the future. High uncertainty, loose monetary policy, extremely low interest rates, positive price momentum, a weaker dollar and fears of higher inflation are all key factors driving gold higher. Based on this, the World Gold Council believes that a new phase of the gold bull market is coming.

Other ETF manifestations

• Last Friday, the US stock market rose by the top 10 ETF.

The ETF of the top 10 gains in the US stock market last Friday was mainly short crude oil, US regional banks and other related ETF, of which$Proshares double short Bloomberg crude ETF (SCO.US) $涨7.68%，$Direxion Daily Regional Banks Bull 3X Shares (DPST.US) $涨7.44%。

• Us stocks narrowed after a sharp fall on Friday, with panic index amplitudes exceeding 26%

The closing decline narrowed after a sharp intraday fall in US stocks last Friday.S & P 500 volatility Index (.VIX.US) $Last Friday, it changed from a rise of 13% to a decline of more than 8%, with a daily amplitude of more than 26%.$ProShares Ultra VIX short-term futures ETF (UVXY.US) $It fell more than 12%, while at one point it rose more than 11% in intraday trading.