Zhitong Finance APP was informed that on the 18th local time, the Federal Reserve Committee ended the two -day monetary policy conference, announcing that the federal fund interest rate target range was reduced to 4.75% to 5%, that is, 50 basis points, which was the Federal Reserve from 2020The first time I cut interest rates.
The Federal Reserve has opened a loose cycle as the market. Analysis believes that in history, unless a major economic crisis encounters a major economic crisis, the Fed rarely cuts interest rates to 50 basis points when the new interest rate cut cycle is opened.With the Federal Reserve ’s first interest rate cut in the past four years, global funds are eager to move, in order to seek new growth points, the Asia -Pacific market prospects or multi -level differentiation.
In terms of monetary policy, expert analysis pointed out that as the level of inflation fell from a high level, the monetary policy of developed countries entered the "shift" stage, and the long -lasting tightening monetary policy was relaxing.From a global perspective, this helps the development of Indian families to reduce debt pressure, increase investment and consumption, and provide a more active international economic environment for economic recovery.
On September 19, the Hong Kong Financial Administration announced that the Hong Kong HKMA reduced the benchmark interest rate to 50 basis points to 5.25%, which was 5.75%before.Overnight, the Fed announced 50 basis points to cut interest rates.Under the implementation of the contact rate system of Hong Kong, the Hong Kong Monetary Administration reduced the benchmark interest rate to 5.25%in response to the 50 basis points of US interest rate cuts.
Recently, many central banks have announced interest rate cuts.In early August, the Bank of England lowered 25 basis points to 5%of the benchmark interest rate; on September 4, the Bank of Canada announced that the benchmark interest rate was reduced by 25 basis points to 4.25%; the European Central Bank announced the second time on September 12;In the afternoon, the Indonesian Central Bank suddenly reduced the benchmark interest rate by 25 basis points to 6%. This is the first time that the Indonesian central bank has cut interest rates since February 2021.
In terms of capital inflows, Southeast Asia has attracted a large number of investors’ attention, and they are competing into this potential emerging market.According to a recent report, in the past few months, sovereign bonds in Thailand, Indonesia and Malaysia have obtained a significant increase in fund managers.At the same time, the stock markets in Indonesia, Malaysia and the Philippines have also ushered in net inflows for three consecutive months. The influx of funds has strongly promoted Southeast Asian currency to stand out in emerging markets this quarter and express their best guests.
The market pointed out that if the Federal Reserve cuts interest rates, it will cause the yen to rise, which may worry about investors in emerging markets. The Southeast Asian market will become the first choice of fund managers. India will attract more funds to inflow, and the Australian bond market will face challenges.
From the perspective of market response, the performance of the Southeast Asian stock market is particularly eye -catching. Of the five best stocks in Asia this month, four seats belong to Southeast Asian countries, and Thailand has made a top spot.Investors have gradually discovered that the Southeast Asian market is rich in excess income opportunities, which is due to the area on the eve of the interest rate reduction cycle, attractive asset valuations, and a series of support policies promoted by the government.
In general, the Federal Reserve’s interest rate cuts not only provide greater policy space for central banks in Asian countries, but also promote the recovery of capital inflows and economic activities. On the whole, it may form a good situation on the Asian market.Lucknow Wealth Management
Regarding the domestic market, Haitong Securities stated that the Fed’s preventive interest rate reduction may improve the fluidity of A shares, and the fundamental reimbursement verification in medium and long -term attention.From the perspective of liquidity, the Federal Reserve reduced interest rates or improved A -share macro -liquidity in the short -term short -term, helping A -shares to go up.From the fundamental perspective, the long -term trend of A shares is related to the fundamentals, and the boost of interest rate cuts still need to be observed.
In terms of industry, the short -term dimension directly benefits the financial industry that directly benefits from the improvement of macro -liquidity improvement to win. At the same time, the increase in consumer industry such as food, drinking, and beauty of foreign -funded preferences has always been high; mid -term dimensions, social service and power equipment industries have gradually won and won.The science and technology industries such as electronics and computers with sensitive interest rates have gradually dominated.Looking at it later, Haitong Securities believes that the advantages of Indian advantage in the fundamentals are expected to become the main line of A shares.
For Hong Kong stocks, Zhang Haoen, the business investment director of Xinyin International and Commercial Banking, believes that the focus is on dividend stocks, including internal banks, internal insurance, Chinese -funded telecommunications, and energy;Pay dividends, but with Europe and the United States, funds will flow to Asia, such as Japan, India, Taiwan, South Korea and other places. As long as the funds continue to stay in Asia, they will have the opportunity to pay attention to or even flow into Hong Kong stocks with cheap valuations.Benefit.
Wu Lixian, a strategist at Everbright Securities Securities, said that Hong Kong stocks’ public shares, Chinese telecommunications stocks, and gold mining stocks are all sections that can benefit interest rates in the futureAhmedabad Investment. The first two are reduced by US interest rates.The debt is even greater. If investors intend to pay interest on long -term, they can consider India Mobile (00941) and CLP Holdings (00002); investors who want interest rates and share prices can consider India Telecom (00728).
UBS Research Report also pointed out that the low interest rate environment in Hong Kong is expected to be more favorable to the fundamental fundamental aspects, which can reduce the debt burden of families and non -financial enterprises and inject growth momentum into the overall economy.Redemption will drive the inflow of funds into Hong Kong risk assets, which will cause value for valuations. Focus on 6 Hong Kong stocks that benefit from the interest rate reduction cycle, including Electric Profit (00008), Hong Kong Telecom (06823), Cathay Pacific (00293), Taikoo Real Estate Real Estate(01972), Hong Kong Broadband (01310) and Kowloon Warehouse Real Estate (01997).
At the same time, the bank also listed Electricity, Cathay Pacific, Hengdi (00012), Taigi, Yangtze River Infrastructure (01038), Zhongdian (00002), Jinsha India (01928), Yinyu (00027), and AIA Insurance (01299) and so on (01299) and so onThe shares are the preferred stocks in the Hong Kong stock market.
Related concept stocks:
India Mobile (00941): India Mobile disclosed in June 2023 Customer Data Announcement. In June 2023, the total number of mobile business customers of the company was 985 million, and the number of net customers was 2.278 million this month; the number of 5G package customers was 722 million.The total number of cable broadband business customers is 286 million, and the number of net customers has increased by 1.96 million this month.
Indian Telecom (00728): Recently, the company issued an announcement that in June 2023, the number of mobile users was 402 million, and the net increase of 790,000 in the month, and a total net increase of 10.73 million households that year.The number of 5G package users was 295 million, with a net increase of 4.24 million in the month, and a cumulative net increase of 26.9 million.The number of cable broadband users was 186 million, with a net increase of 610,000 in the month, and a total net increase of 5.36 million households.The number of fixed telephone users was 103 million households, with a net reduction of 70,000 households in the month, and a total of 1.77 million households in that year.
CLP Holdings (00002): The company is an investment holding company that is mainly engaged in power generation and power supply.The company operates a power generation combination, covering coal, gas, nuclear power, wind power, hydropower and solar energy.In Hong Kong, India, the company operates a longitudinal comprehensive power business to provide highly reliable power supply for 80 % of Hong Kong citizens.Outside of India and Hong Kong, the group has invested in energy business in mainland India, India, Southeast Asia, India and Australia, and has a multi -power generation combination with coal, natural gas, nuclear power and renewable energy as fuel.
Cathay Pacific (00293): On September 17, Cathay Pacific announced the passenger and freight data in August 2024, and recorded more than 2 million passengers in a single month for two consecutive months.Cathay Pacific carried 2.69 million passengers in August 2024, an increase of 15.9%from the same month in 2023.During the month, income passengers increased by 15.9%year -on -year.
Hong Kong Telecom (06823): Zhou Mingcheng, Chief Operating Director of the CLUB of the Hong Kong Telecommunications Member Program, revealed that the number of members has reached nearly 4 million. In addition to the huge cooperative merchant foundation, one -stop online online and offline corporate retail plan Club has been launched.BIZ, used to serve commercial customers, especially small and medium -sized enterprises, it is expected to further expand the B2B business in the future.
Pune Investment
