Market, what exactly happened?
1
Before the Hong Kong Ashares rose at 13:20, two pieces of news spread in the market:
At 13:17, a foreign media report was spread that the country's budget deficit rate for next year will be 4% and the GDP growth target will be around 5%.
13:18, US Presidentelect Trump said on December 16, Eastern Time, that netherlands phone number list the United States and China can solve all the problems in the world by working together.
The ETF market reacted even more quickly, with many CSI 300 ETFs seeing significant increases in trading volume in the afternoon. At 13:33, the trading volume of HuataiPineBridge CSI 300 ETF exceeded 4.1 billion yuan, exceeding yesterday's fullday trading volume.
However, the abovementioned upward trend lasted less than 10 minutes before turning around and falling smoothly. As of the closing, Ashares closed down with a shrinking volume. The total market turnover was 1.53 trillion yuan, and nearly 4,800 stocks in the market were in the red.
In the end, the three CSI 300 ETFs increased slightly in volume. The trading volumes of HuataiPineBridge CSI 300 ETF, CSI 300 ETF and Harvest CSI 300 ETF today were 5.483 billion yuan, 1.413 billion yuan, and 1.305 billion yuan, respectively, all exceeding yesterday's trading volumes.