Market Performance - On June 9, major stock indices in China rose, with the Shanghai Composite Index increasing by 0.43%, CSI 300 by 0.29%, and CSI 500 by 1.44%[1] - The technology sector also performed well, with the STAR 50 and Hang Seng Tech indices rising by 0.60% and 2.78%, respectively[1] - The overall trading volume in the A-share market reached 1.31 trillion yuan, an increase of 135.4 billion yuan compared to the previous week[4] Bond Market Dynamics - The 10-year government bond yield rose by 0.4 basis points to 1.66%, while the 30-year bond yield fell by 0.2 basis points to 1.87%[1] - The central bank maintained liquidity by injecting 173.8 billion yuan into the market, resulting in a weighted overnight rate of 1.42%[3] - The bond market's pricing is heavily influenced by the outcomes of the US-China tariff negotiations, with potential downward pressure on yields if tariffs remain unchanged[4] Commodity Market Trends - Following a rebound in coking coal prices, the commodity market showed signs of recovery, although some prices like rebar and iron ore saw slight declines of 0.03% and 0.71%[2] - Industrial metals exhibited mixed performance, with copper rising by 0.13% and aluminum falling by 0.20%[2] Investment Sentiment - The market's risk appetite has increased due to positive expectations surrounding US-China trade relations, leading to a notable rebound in the equity market[8] - The AI sector continued to gain traction, with indices for AI computing and AIGC rising by 1.30% and 1.93%, respectively[6] Capital Flows - Southbound capital inflow into Hong Kong stocks was modest at 717 million HKD, indicating that it was not the primary driver of the market's rise[7] - Notable inflows were observed in stocks like Xinda Biopharmaceuticals and Meituan, while Tencent and Xiaomi experienced outflows of 2.14 billion and 1.45 billion HKD, respectively[7]
资产配置日报:预期先行-20250609
HUAXI Securities·2025-06-09 14:54