capital as possible fast return of Hong Kong. Main capital stocks

In the context of European and American stock markets tumbled overnight, rendered low yesterday Hong Kong stocks opened higher, ended with micro-end up showing short-shorted failure of kinetic energy. The medium and long term, the following three factors or to build on strong support of Hong Kong stocks continue down space is limited: first of all, from a technical point of view, Hong Kong stocks have been oversold. According to statistics, since August, European debt crisis worseThe Hang Seng index and the index is up to and 20% respectively of the State-owned enterprises, compared with mainland Shanghai and New York the Dow Jones industrial average fell only 11% and seven. By financial factors to explain this phenomenon, since the zero interest rate policy of the Federal Reserve, the dollar replaced the yen carry trade currencies became the main, European debt crisis led to the deterioration of the dollar carry tradeOpen wave emerge, recycling in US dollar assets in capital projects in the most liberal of the Hong Kong market also naturally become a "victim". However, international hot money chasing high returns cannot be detained indefinitely in dollar assets, once the risk appetite growing, capital as possible fast return of Hong Kong. Main capital stocks (eleven-twenty fifths) unit fled to cut meat must regretSudden boom is not likely in a move investors Gospel: hold stocks saved! Second, a shares and the policy environment in the Mainland or build on strong support of Hong Kong stocks by early afternoon. From a policy perspective star wars the old republic power leveling, current mainland policy is in a tightening cycle ends, stages of the easing cycle has not yet opened, at which point, as long as the established downward trend in inflation the old republic power leveling, then the acceleration of the economic dip andNot terrible, the market is more concerned about policies expect; at this stage, the end of shocks to performance of the index is built, waiting for the opportunity of sex reversal in the trend. Finally, dollar stronger or come to an end, Hong Kong stocks are expected to get rid of the Hong Kong Exchange to suppress. Since 2007, Hong Kong dollar exchange rate and the Hang Seng index comparison chart is not difficult to find, in most cases render significantly negative relationship between the two, the market value ofReflect the strong capital city characteristics. Between October 2008 and gateway in the vicinity of 7.75 continues rampage during 1 year. Hong Kong stocks weaken in the near future is obviously suppressed by the Hong Kong Exchange, and the strength of the Hong Kong Exchange depends largely on the strength of the dollar. So, the dollar Outlook will continue to do strong? The answer is probably no, because, according to historical experience, us $Only in three cases will continue to rise, namely the United States economic boom due to the emergence of new economic growth points, fed into the interest rate cycles and the emergence of crises, from the current situation, these three cases the possibility of very low, and the dollar's continued strength as well as with United States interests. Therefore, we expect the Hong Kong Exchange also shifted as the dollar and switch, the Hong Kong stocks orGet support.