Macro Headwinds Nyhav Ntawm Micro Catalysts, Pinduoduo & Meituan Beat Expectations

Xov Xwm Tseem Ceeb

Asian equities tau pib nyuaj rau lub lim tiam raws li cov tub ua lag luam teb rau Fed Chair Powell cov lus hawkish los ntawm Jackson Hole rau hnub Friday.

ADXY, Bloomberg JP Morgan Asia Dollar Index, poob -0.41% hnub no ntawm US duas lub zog piv rau cov txiaj ntsig Asian. Tuam Tshoj tus renminbi poob -0.64% rau 6.91, Kauslim nyiaj poob -1.4%, Thai Baht poob -1.2%, thiab Japanese Yen poob -0.67%.

Qhov kev pheej hmoo-tawm ntawm daim duab macroeconomic cuam tshuam ntau qhov kev txhim kho micro zoo. Hnub Friday, peb tau hnov ​​​​cov lus tshaj tawm ntawm kev soj ntsuam ua ntej kev pom zoo ntawm Asmeskas thiab Tuam Tshoj cov koom haum tswj hwm uas tuaj yeem tiv thaiv kev tshem tawm Suav cov khoom lag luam los ntawm Asmeskas kev sib pauv, muab qhov tseeb rau ze li $ 2 trillion ntawm US thiab thoob ntiaj teb cov nyiaj txuag nyiaj uas tau raug teeb meem los ntawm qhov tsis paub meej ntawm delisting tom qab qhov kev tso cai ntawm Holding Foreign Companies Accountable Act. Lub South China Morning Post tau tshaj tawm tias Goldman Sachs ntseeg tias qhov kev pheej hmoo ntawm kev tshem tawm tau poob los ntawm 95% nyob rau nruab nrab Lub Peb Hlis mus rau tsuas yog 50% tom qab tshaj tawm. Kuv yuav tsis muaj kev pheej hmoo rau xoom, tab sis kuv zoo dua. US Public Company Accounting Oversight Board (PCAOB) yuav koom tes nrog "Four Loj" US accounting firms' Tuam Tshoj cov lag luam. Txawm hais tias txoj cai yuam kev tuaj yeem ua tau thiab cov tuam txhab ntiag tug tuaj yeem ua rau muaj teeb meem, cov neeg soj ntsuam yuav muaj kev nkag siab zoo txog qhov xav tau los ntawm lawv cov npoj yaig Asmeskas.

Hong Kong tau qhib qis dua tab sis txo qis kev poob qis vim hnub no cov khoom lag luam hnyav tshaj plaws los ntawm tus nqi yog Meituan, uas tau nce +2.64% tom qab tshaj tawm cov txiaj ntsig zoo tshaj qhov kev cia siab tom qab kaw hauv Hong Kong rau hnub Friday.

Tag kis no, ua ntej Asmeskas qhib, Pinduoduo tau tshaj tawm cov txiaj ntsig zoo dua li qhov xav tau. Cov nyiaj tau los tau nce +36% rau RMB 31.439B ($ 4.7 billion) los ntawm RMB 23.046B xyoo dhau los (YoY) piv rau qhov kev cia siab ntawm RMB 23.624B, kho cov nyiaj tau los tau nce +161% rau RMB 10.776B ($ 1.608 billion.4.125 RMB) B piv rau kev cia siab ntawm RMB 4.195B thiab kho EPS tuaj ntawm RMB 7.54 ($ 1.13) los ntawm RMB 2.85 piv rau kev cia siab ntawm RMB 2.75. Kev tswj hwm tau ua haujlwm zoo ua kom cov nuj nqis loj hlob qis thaum tsav kev loj hlob ntawm topline muaj zog.

Hong Kong tau qis dua ntawm lub teeb ntim, uas tsuas yog 56% ntawm 1-xyoo nruab nrab, txawm hais tias luv muag ntim yog 83% ntawm 1-xyoo nruab nrab. Cov luv luv txuas ntxiv nias lawv cov thawj koom ruam hauv daim kab xev lub caij ntuj sov qeeb txawm tias Hong Kong internet luv ntim poob tag nrho. Txawm li cas los xij, JD.com's Hong Kong cov npe pom luv luv nce mus rau 26% ntawm tag nrho kev lag luam piv rau hnub Friday 21%. Ib qho yuav cia siab tias cov thawj tswj hwm cov cuab yeej cuab tam tau txais kev ntseeg siab ntau dua hauv Asmeskas cov ntawv teev npe Suav cov khoom lag luam tom qab kev soj ntsuam kev pom zoo txawm tias ntau tus yuav tseem nyob so haujlwm.

Tuam Tshoj Mainland yog qhov chaw ci ntsa iab hauv cheeb tsam, tau txais hnub no hauv cov txiaj ntsig hauv zos, txawm li cas los xij, hauv Teb Chaws Asmeskas las, Shanghai poob -0.47%, Shenzhen poob -0.54%, thiab STAR Board tau nce +0.18%. Lub zog tsuas yog qhov zoo tshaj plaws hauv Teb Chaws Asmeskas cov nqe lus hauv Hong Kong thiab Tuam Tshoj raws li tsoomfwv tau tshaj tawm kev txhawb nqa ntxiv rau kev siv hluav taws xob ntawm kev hloov khoom siv. Nws yog ib hnub nthuav hauv Mainland vim ntau qhov ntsuas hnyav tau tawm hnub no, suav nrog EV roj teeb tsim CATL, uas poob -0.94%, cawv Tshuag Kweichow Moutai, uas poob -1.01%, Wuliangye Yibin, uas poob -2.79%, thiab ICBC , uas poob -5.31%. Cov tub ua lag luam txawv teb chaws yog cov neeg yuav khoom ntawm Mainland Tshuag ntawm Northbound Stock Connect. Peb pom lwm qhov kev sib tw muaj zog hauv Suav Nyiaj Txiag Nyiaj Txiag hnub no.

Tag kis, Baidu yuav tshaj tawm nws cov txiaj ntsig nyiaj txiag thib ob. Hnub Friday, Baidu yuav ntxiv rau Hang Seng Index muaj koob npe.

Hang Seng thiab Hang Seng Tech indexes poob -0.73% thiab -1.23%, feem, ntawm qhov ntim uas poob -10.69% txij hnub Friday, uas tsuas yog 56% ntawm 1-xyoo nruab nrab. 124 cov khoom lag luam nce siab thaum 350 tsis kam. Hong Kong luv luv muag turnover nce +8.11% txij hnub Friday, uas yog 83% ntawm 1-xyoo nruab nrab, raws li luv luv trading accounted rau 20% ntawm turnover hauv Hong Kong. Kev loj hlob yam tseem ceeb tshaj tus nqi tseem ceeb thaum lub kaus mom me me dua lub kaus mom loj. Lub zog tsuas yog qhov zoo, nce +0.44%, thaum thev naus laus zis poob -2.6%, cov khoom poob -2.38%, thiab kev kho mob poob -2.27%. Cov haujlwm ua haujlwm tau zoo tshaj plaws yog kev kawm, thee, thiab cov cuab yeej siv hluav taws xob ntse, thaum haus luam yeeb / e-luam yeeb, tshuaj, thiab khoom siv yog qhov phem tshaj. Southbound Stock Connect ntim tau teeb pom kev zoo li cov neeg ua lag luam hauv av tau yuav ib qho nyiaj $ 224 lab tus nqi ntawm Hong Kong cov khoom lag luam txawm tias Meituan tau muag qis thiab Tencent tau yuav.

Shanghai, Shenzhen, thiab STAR Board tau nce +0.14%, +0.07%, thiab +0.79% ntawm qhov ntim uas poob -9.1% txij hnub Friday, uas yog 88% ntawm 1-xyoo nruab nrab. 2,784 cov khoom lag luam nce siab thaum 1,696 cov khoom lag luam poob qis. Kev loj hlob yam tseem ceeb tshaj qhov muaj txiaj ntsig zoo li cov kaus mom me me tshaj lub kaus mom loj. Lub zog tsuas yog ntsuab sector, nce +0.82%. Lub caij no, cov neeg siv khoom lag luam poob -1.84%, kev kho mob poob -1.81%, thiab nyiaj txiag poob -1.6%. Cov kev ua tau zoo tshaj plaws yog tag nrho cov khoom siv hluav taws xob, suav nrog kev tsim hluav taws xob, khoom siv, thee, thiab roj. Lub caij no, cawv, tsev txhab nyiaj, thiab tshav dav hlau cov khoom lag luam yog qhov phem tshaj plaws. Northbound Stock Connect ntim tau nruab nrab raws li cov tub ua lag luam txawv teb chaws tau yuav net $ 310 lab tus nqi ntawm Mainland stocks ntawm Northbound Stock Connect. Cov nyiaj qiv nyiaj tau sib sau ua ke, cov renminbi poob -0.64% piv rau US duas, thiab tooj liab tau nce +0.06%.

Hmo Kawg Ntawm Kev Sib Pauv Cov Nqi, Tus Nqi, & Liaj Teb

• CNY / USD 6.91 piv rau 6.87 Hnub Friday
• CNY / EUR 6.92 tiv tiag 6.87 Hnub Friday
• Tos txais ntawm 1-Hnub Tsoom Fwv Nyiaj Txiag 1.15% piv rau 1.15% rau hnub Friday
• Tos ntawm 10-Xyoo Tsoom Fwv Nyiaj 2.62% piv rau 2.64% rau hnub Friday
• Tawm los ntawm 10-Xyoo Tuam Tshoj Kev Tsim Kho Cov Nyiaj Txiag Nyiaj 2.80% tiv thaiv 2.84% Hnub Friday
• Tus Nqi Tooj Liab + 0.06% dhau ib hmo