1. The Shanghai Composite Index opened up by 0.2 1%, and the coal industry led the decline against the market.
Date, 2008,165438+1October 4th. The three A-share indexes collectively opened higher, with the Shanghai Composite Index rising 0.2 1% to 3,505.89 points, the Shenzhen Component Index rising 0.5% to14,440.22 points, and the Growth Enterprise Market rising 0.73% to 335 1.3 points. China A50 index futures opened up 0. 19%. The Hong Kong stock index rose by 0.46%. Japan's stock market opened higher, with Nikkei 225 index up 1. 15% and KOSPI index up 0.84%. The three major indexes of the US stock market closed at a record high. At the close, the Dow Jones Industrial Average rose 0.29% to 36 157.58. The Standard & Poor's 500 Index rose 0.65% to 4,660.57 points; Nasdaq index rose 1.04% to close at 158 1 1.58.
Second, the institutional point of view.
According to the analysis of CITIC Securities, the tape of the Federal Reserve will be officially launched. By the middle of next year, the pace is in line with expectations and the impact on the market is relatively limited. The overall meeting is neutral. It is expected that after Taper lands, the market will focus on raising interest rates next year. It is expected that the Fed will raise interest rates in the fourth quarter of next year, instead of raising interest rates in the middle of next year as expected. Huaxin Securities believes that the recovery process of full A profitability has entered an inflection point. In addition, the US belt has landed, the global low interest rate environment is relatively unsustainable, and the valuation of growth stocks will have obvious downward pressure. Therefore, the fourth quarter is dominated by defense, and the short-term market will continue to adjust or rebound, but it will be dominated by shocks.
Finally, Cathay Pacific believes that the money supply in the market has accelerated recently, but both long-term and short-term interest rates have risen slightly, and the IPO rhythm in the A-share market has rebounded simultaneously with fund issuance. From the perspective of transaction structure, transaction concentration continues to rise, rising to about 95% again, and transaction differentiation has also increased, and transaction hotspots are further concentrated in new energy, brokers and electronics. The overall market sentiment is still weakening, and the number of new low stocks and weak stocks continues to climb. At the same time, the differentiation of "smart money" intensified, the foreign trade market continued to flow in, and the leveraged financing sentiment hit a new low.