CSI300 dropped 2.2%
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The CSI 300 fell 2.2% this week on volume below the average and lower than the last week. The market condition was Downtrend. The index gapped lower on Monday. It closed at the week’s low of 3159 on Friday, near the Feb. 2 low of 3108. August CPI rose 0.6% year-on-year, higher than the previous value but lower than expected. Affected by the lack of market demand and the downward trend of some international commodity prices and other factors, the PPI fell 1.8% year-on-year, down more than the previous value of 0.8% and the expected value of 1.4%.PPI fell by 0.7% m/m. August exports rose 8.7% year-on-year, higher than the previous value and the expected value. Imports rose 0.5% year-on-year, well below the previous value and expectations. U.S. CPI rose 2.5% year-on-year in August, lower than the previous reading. The y/y increase has narrowed for the fifth consecutive month and is at its lowest level since February 2021. Core CPI rose 3.2% y/y, unchanged from the previous month. It rose 0.3% m/m, above the previous reading. Core inflation continues to rise, causing investors to temper expectations of aggressive rate cuts. PPI rose 1.7% y/y in August, lower than prior. It rose 0.2% m/m, above the previous value. Core PPI rose 2.4% in August, unchanged from the previous value. It rose 0.3% m/m, above the previous value. With the Mid-Autumn Festival holiday approaching, investors are advised to make good financial arrangements. The daily northbound inflow/outflow data from August 19th onwards will not be published.
Leading: Real Estate (-0.5%), Technology (-1.1%), Communication Service (-1.4%); Lagging: Consumer Staple (-5.0%), Utility (-3.1%), Energy (-3.0%).
【A33】portfolio fell 2.2% with 4 stock up and 29 down. Leading global supplier of data center optical modules Zhongji Innolight (300308) led the gains. The stock rose 16.6% this week. RS and AD ratings were 95 and B-. DG rating was 70.
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published on September 13, 2024