[stock Market Review] Prev index opens high and walks low and stands steady at 2800 points. China Shipbuilding continues to pull up in the afternoon.

SMM8 14 news: early trading by the news of Sino-US trade frictions last night, the two cities opened high, the market began to fall back slightly after the market rushes up. Electronic concept stocks led the rise, graphene, liquor stocks moved higher. Towards the close of the morning, the three major indexes rallied slightly again. Toy plate rose in the first place, ETC, flexible screen plate dynamic pull up. The market is more active, the theme concept warmed up obviously. In the afternoon, the stock index rose back, China Shipbuilding concept stocks strengthened, medicine, non-ferrous cobalt plate rose. At the end of the day, the two cities continued to fall back.

By the end of the day, the Prev index closed up 0.42% at 2808.91 points, the Shenzhen Composite Index closed at 8966.47 points, up 0.72%, and the creation Index closed at 1536.66 points, up 0.81%.

Plates and individual stocks

North and South ship merger plan is under way, China ship science and technology limit, long ocean, China emergency close to the limit, China's power to rise.

Plate capital flow

Main net inflow into the top five sectors of the industry: beverage manufacturing, chemical pharmaceuticals, biological products, medical device services, optics and optoelectronics

Main net inflow concept plate top five: liquor, super brand, lithium battery, flexible screen, biopharmaceuticals

Main net inflow into the top 10 stocks: Wuliangye, Guizhou Maotai, Luzhou Laojiao, Huayu Cobalt Industry, Microcore Biology, Luoyang Molybdenum Industry, Linyi Zhizhuang, China heavy Industry, China National Travel Service, TCL Group

Review of abnormal movement

Apple industry chain plate opened to lead the rise, Baibang science and technology strong limit, Pengding holding, Dongshan precision rose 5%, Changying precision, Xinwangda, Huanxu electronics, Lance technology have strengthened

Gold plate led the decline, Ronghua Industrial, Hengbang shares fell 5%, Lao Fengxiang, Yintai Resources, Hunan Gold weakened one after another.

Mobile phone industry chain plate is still strong, stronger than intelligence, Lance technology limit, Dongshan precision rose 7%, Changxin technology, Anjie technology, Fu Rong technology have strengthened

Graphene plate showed strong in early trading, Del's future, carbon yuan science and technology both rose by the limit, gorgeous family rose by 8%, Walter shares, Baotailong have strengthened one after another.

Science and Technology Innovation Board stocks rose in early trading, micro-core biology rose 14 per cent, platinum power rose 7 per cent

ETC plate is active, Jinyi technology is close to rising limit, Wanji science and technology rose 6%, Chutian high speed, Tianyu information, digital technology, Cosco Haike have strengthened one after another.

Flexible screen plate changed, Huaying science and technology strong sealing board, Shentian horse A rose 4%, rainbow shares, Liande equipment, national style plastic industry strengthened

The North and South ship merger plate rose again in the afternoon, China ship science and technology rose 7%, China Emergency, China heavy Industry, long Ocean rose one after another.

The medical plate changed at the end of the day, Guangshengtang and Kang Longhua rose by the limit, Tianmu Pharmaceutical Industry, Xingqi Eye Medicine Group, Tonghua Jinma and Panlong Pharmaceutical Industry strengthened collectively.

Intelligent technology staged the sky floor, the amplitude is as high as 20%, the turnover exceeds 600 million.

At the end of the day, the north and south ship plates continued to pull up, the Chinese ship science and technology rose by the limit, the ocean for a long time, China was close to the limit, and China's power rose by 6%.

Today's message

[leaders of the High-level Economic and Trade consultations between China and the United States talk]

On the evening of 13 August, Liu he, member of the political Bureau of the CPC Central Committee, vice premier of the State Council, and Chinese leader of the China-US Comprehensive Economic Dialogue, spoke to US Trade Representative Lettershize and Treasury Secretary Mnuchin. The Chinese side has made solemn representations on the issue of the US side's plan to impose tariffs on Chinese goods imported into the United States on September 1. The two sides agreed to speak again in the next two weeks. Zhong Shan, minister of commerce, Yi Gang, governor of the people's Bank of China, and Ning Jizhe, vice minister of the National Development and Reform Commission, attended the call.

[the United States will postpone tariffs on some Chinese products, including computer toys and clothing products.]

Tariffs on other products, including "computers, video game consoles, certain toys, computer monitors and certain footwear and clothing products," will be postponed until December 15, the Office of the US Trade Representative said in a statement. (Xinhua Finance and Economics)

[Bureau of Statistics: China's industrial value added above the scale of 4.8% in July compared with 6.8% before 6.3%]

On the whole, the national economy continued to operate within a reasonable range in July, continuing the overall steady development trend, the Bureau of Statistics said on the 14th. However, it should also be noted that the current external environment is severe and complex, the downward pressure on the domestic economy is increasing, and the foundation for sustained and healthy economic development needs to be consolidated. In the next stage, it is necessary to co-ordinate the overall situation at home and abroad, do a good job in stabilizing growth, promoting reform, readjusting the structure, benefiting the people's livelihood, preventing risks, and maintaining stability, enhance our awareness of suffering, grasp the long-term general situation, seize the principal contradictions, and be good at turning crises into opportunities, do our own things well, and promote sustained and healthy economic development.

[50ETF options positions hit new highs analyst: there is a steady flow of money]

On August 13, the 50ETF option of the Shanghai Stock Exchange reached about 4.15 million positions in intraday trading. After the short-term passengers left the market within a day, the closing position was still as high as 4.0552 million, breaking through 4 million again, and setting a new historical record for closing positions. What caused the option position to hit a new high? What is the significance of this for investors to judge the trend? Founder medium-term analyst Feng Shitang said that the early market volatility lower, continue to have funds into the bottom, recently there has been continuous intervention of new funds.

[the risk of recession rises to 40%! Us debt and unemployment both "thunderous" the reason for the Fed to cut interest rates has greatly increased]

The yield on the 10-year Treasury note is now close to its lowest level since October 2016 and has been linked inversely to the yields on the two-year and three-year notes, raising fund managers' fears of a US recession to their highest level since 2011. Researchers at a foreign think-tank believe that the actual unemployment rate in the United States is twice as high as the official unemployment rate, because many workers have given up actively looking for jobs and have not registered their work status. (Huitong Network)

[Minister of Finance Liu Kun: speed up the work related to the legislation of stamp duty and other taxes]

Minister of Finance Liu Kun: speed up the legislative work on resource tax, deed tax, urban maintenance and construction tax, stamp duty, value-added tax, land value-added tax, customs duty, consumption tax and so on. It is necessary to speed up the pilot projects of state-owned capital investment and operation companies directly authorized by the State Council, as well as the pilot projects for centralized and unified supervision of operating state-owned assets of central party and government organs and institutions. We will do a good job in reporting to the standing Committee of the National people's Congress on the management of state-owned assets.

Today's institutional point of view

Tianfeng Securities believes that Sino-US trade frictions suppress the current market risk preference, and although there has been new progress in the attitude of China and the United States on the evening of the 13th, both RMB and US stocks have soared, but the US economy is on a downward path, and trade frictions will become the norm between China and the United States. In addition, there is a negative reaction in the Hong Kong financial market, the global financial turmoil, the external situation is not optimistic. On the other hand, in China, there is still downward pressure on the current economic fundamentals, the growth rate of enterprise performance has not yet shown a trend to pick up, monetary policy is difficult to relax significantly in the short term, and the possibility of further improvement in market valuation is low. In industry choice, the suppression of market risk preference leads to the poor performance of small and medium-sized enterprises, leading companies are still expected to be better investment opportunities, profit-stable assets are still the first choice, optimistic about low valuation, and as the main grasp of expanding domestic demand of the car; ushered in the peak season of breeding; adjust the more adequate biomedicine. On the theme, pay attention to 5g electronics, Huawei industry chain; the 70th anniversary of the National Day parade of the military industry.

Hualong Securities: on the 14th, various indicators such as industrial added value, growth rate of fixed asset investment and retail sales of social consumer goods will be announced. It is generally expected that the downward pressure on the data will be on the high side, and the market risk preference will also be reduced, restricting the strength of the rebound. Trading volume in Shanghai on Tuesday was 154 billion, compared with the previous day's contraction again, narrow shock, wait-and-see mood is strong, fortunately still running above the 5-day moving average, leaving a glimmer of hope for a rebound, whether capital can flow in after this, will be the key to direction choice. This week, the focus is on economic data. Since downward pressure is generally expected, market expectations are consistent, and the operation is still dominated by controlling positions. Investors who have reduced their positions should not blindly copy the bottom and wait for the direction to be chosen after the volume.

Aijian Securities: in the near future, the stock index as a whole continues the weak shock adjustment, the stock index jumped short twice and the downward stock index lost all averages, and the market short side obviously occupied the dominant position. Due to the recent two consecutive downward gaps in the stock index, the stock index is still running on the 5-day moving average on Tuesday, but the gradual decline in trading volume indicates a greater probability of technical rebound in the stock index. In the future, the probability of concussion between the upper and lower gaps of the stock index is greater. It is expected that the short-term stock index will inevitably have a wide range of shocks, so grasp the rhythm to control the position of selected stocks.

Citic Securities: it is expected that the bottom of the market will be rammed down, and it is not appropriate to adjust positions rather than reduce positions.

The expectation of loose domestic policy has been lowered; the pressure high point of RMB depreciation on A shares has passed, after the expectation is clear, the negative impact of depreciation on A shares is short-term impulse, does not change the trend of foreign capital inflow. The uncertainty of differences between China and the United States is actually declining, and the risk of conflict in the financial sector is manageable.

After the recent risk release, market expectations for domestic policy, Sino-US differences and market liquidity have been fully adjusted to close to the bottom. Expect the bottom of the market to consolidate the bottom of the market, time for space: patiently wait for fundamentals and liquidity space to open, so as to open the long window again. At present, it is still the best strategic allocation period to exchange time for space, and it is not appropriate to adjust positions rather than reduce positions.

Anxin Securities: the market is at the bottom and is the golden moment for the layout of high-quality assets

Anxin Securities believes that a series of recent external events have greatly affected the risk preference of the A-share market, and that the short-term market may need some time to shock and digest, but in the medium term, investors are already expecting to be low, the market is basically in the bottom region, the economy is resilient at the next stage, liquidity is maintained, and the policy will continue to optimize and develop on the supply side. Maintaining the tone of real estate regulation and breaking the exchange rate are conducive to the medium-term development of the capital market. When investors come out of pessimism and see positive factors, the A-share market will also bottom out after this stage of concussion, and is expected to usher in a new round of rising prices.

Therefore, in the medium term, Anxin Securities believes that the recent phase is also the golden moment for the layout of high-quality assets. The industry configuration focuses on securities firms, military industry, communications, electronics, computers, cars, etc., and the structural main line suggests that attention should be paid to the comparable mapping company of Kechuang board, the exceeding expectation company of China newspaper, the reform of state-owned enterprises, the new area of Shanghai Free Trade Zone, and so on.

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