Investment Daily

The China’s CPI missed market expectation in May, Hong Kong stocks fell onFriday, over one thousand stocks recorded losses. HSI index closed at 21,043points, decreasing 255 points. HSCEI closed at 8,832 points, losing 196 points.

    Turnover for the morning session was $54.5 billion. Foreign media reportedGeorge Soros directly series of bearish investments, including selling stocks andbuying gold, plus the rose of gold price. These supported the rally gold miningstocks. Also, US dropped the partnership of high-speed railway project, railwaystocks decreased 4% to 5%.

    As anxiety over a possible exit of the U.K. from the European Union, as well as oilprice fell triggered selling pressure on the US stock market last Friday. The Dowand the Nasdaq fell 120 points (to 17,865) and 64 points (to 4,895) respectively.

    Besides, funds flow to bond market, 10 Year US Treasury Yield dropped 4 basispoint to 1.64%. Looking ahead, investors this week focus will eye on majorcentral banks interest rate meeting include the Federal Reserve on Wednesday, aswell as Japan and Britain on Thursday.

    Hang Seng Index saw profit taking pressure after break through 21,000 level lastweek. Looking ahead, amid a series of uncertainties, including Federal Reservemeeting, GRexit vote as well as potential profit taking pressure after MSCIannouncement to include A share or not, we suggest investors to be cautious.