On December 22, China’s A-share Shanghai and Shenzhen markets opened lower, with the five major stock indices falling by more than 1% and the GEM index falling by 2.45%. The net selling of northbound funds (foreign capital) was over 3.5 billion yuan.
In recent days, the emergence of a mutated Chinese Communist virus in the United Kingdom, European stock markets generally fell, while U.S. stocks saw a stronger trend due to the launch of the U.S. $900 billion economic stimulus plan, and Chinese A-shares retreated from their highs.
On Tuesday (Dec. 22), by the close of trading, the Shanghai Stock Exchange Index was at 3356.78 points, down 1.86%; the Shenzhen Stock Exchange Index was at 13,882.30 points, down 1.79%; the SME Board Index was at 9,174.79 points, down 1.27%; the GEM Board Index was at 2,811.75 points, down 2.45%; and the KCI 50 Index was at 1,358.62 points, down 2.16%.
The Shanghai market traded 432.20 billion yuan and the Shenzhen market traded 525.40 billion yuan, with a total of 957.640 billion yuan traded in the two markets, a significant increase from the previous trading day’s 864.431 billion yuan.
On December 22, Northbound funds (foreign capital) net sold 3.585 billion yuan, of which Shanghai Stock Exchange net sold 321 million yuan and Shenzhen Stock Exchange net sold 3.264 billion yuan. Longji shares, Hengrui Medicine, Aier Eye, Guizhou Maotai, etc. received a net buy of more than 100 million yuan from northward capital, while Hikvision, TCL Technology, Haier Jiya, Ningde Times, etc. were net sold for more than 100 million yuan.
Shui Pi wrote in the “China Times” column, said that today (December 22) morning trend in a certain degree of reason, but a meal, to the afternoon the market has taken a sharp turn, some unexpected, the whole market volume 957.6 billion, is a relatively large amount in the near future, to a certain extent, also reflects the market in the process of falling is more panic.
Shui Pi said, from the trend of the SSE index, down 1.86%, the deep into the index fell 1.79%, the GEM index fell and 2.45%. Basically, the December 21 “fruit” wiped clean, not only where to go back to where, but also increased the rate of decline, the popularity is a big setback.
December 22, Asia-Pacific stock markets generally fell, the Nikkei 225 index closed at 26436.39 points, down 1.04%; Korea Composite Index reported 2733.68 points, down 1.62%; December 22, Asia-Pacific stock markets generally fell, the Nikkei 225 index closed at 26436.39 points, down 1.04%; Korea Composite Index reported 2733.68 points, down 1.62%. 1.62%; Hong Kong Hang Seng Index at 26119.25, down 187.43 points, or 0.71%.
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