(Shanghai / Hong Kong Comprehensive News) The US presidential election affects the Chinese financial market nerves. The news that Republican candidates Trump sued Jear made the Lukang stock market for pressure on Wednesday (November 6), and the RMB exchange rate was also severely frustrated.
According to Bloomberg, the results of the US elections have driven all non -US dollar currencies.The offshore RMB fell about 1.3%of the 7.2 yuan mark on Wednesday of the US dollar, and the decline was the largest since October 2022.The RMB on the shore also fell to 7.17, and the trading volume was significantly enlarged.
Market participants generally predict that A>, the renminbi will have to go weak to hedge the tariff.However, Zhang Jiantai, chief foreign exchange strategist of Ruisui Bank Asia, believes that unlike the "Trade War 1.0", the depreciation risk of the renminbi is more controllable.
Zhang Jiantai pointed out in the report that under the current situation, the Central Bank of China is unlikely to offset the impact of tariffs by depreciating the RMB."On the contrary, the central bank may have prepared a stable exchange rate, because this is essential for China's growth prospects and financial market confidence."
The Hong Kong stock market ended the rose of the past three trading days. The Hang Seng Index fell 3 %, and it slipped 2.23 % to 20538.38 points throughout the day.
According to the surging news and Caixin.com, the three major A -share stock indexes opened high on Wednesday, and the Shanghai Stock Exchange Index once recovered 3,400 points. With the expansion of Trump's leading advantage, the Shanghai Index fell quickly before noon.
In the afternoon, the A -share A shares maintained a fluctuating trend, and the end of the disk reappeared sharply and the decline expanded.The Shanghai Index fell 0.09 % to 3383.81 points, and the CSI 300 index slipped 0.5 % to 4024.28 points.According to the analysis, Zhen , the mainland stock market is relatively strong.
In addition, Sichuan Dazhi Sheng, a listed company that is regarded by Chinese shareholders as Trump concept stocks, opened the daily limit on Wednesday afternoon, with a turnover of more than 1.9 billion yuan (RMB, the same below, S $ 350 million).
Because Trump was also translated as "Trump", Software Company Sichuan Dazhisheng was interpreted as "Trump's victory".When Trump won in 2016, the stock also rose sharply.
On the other hand, the Zhejiang cup pot manufacturer "Harus", which is similar to the Democratic candidate Harris, has a short -term diving of more than 7%on the same day, with a turnover of more than 600 million yuan.