论文部分内容阅读
9月份,受美联储四年来首度下调联邦基金利率的利好刺激,美国股市呈先抑后扬态势,主要股指上涨均超过3%。港股上涨近乎疯狂,恒生指数、恒生红筹股指数、恒生中国企业指数,以及恒生金融股指数于9月末的收盘价均大幅走高于8月末,涨幅均超过10%。A股沪深股市呈大幅振荡调整格局,且受央行上调存款准备金率和加息等紧缩宏观政策的影响,上涨速度较8月放缓。就相对走势而言,工行H股股价的走势显著强于工行A股股价的走势。
In September, under the favorable stimulus of the Federal Reserve’s first-time lowering of the federal funds rate in four years, the U.S. stock market was slipping off first and the major indexes rose more than 3%. Hong Kong shares rose almost crazy. The Hang Seng Index, Hang Seng Red Chip Index, Hang Seng China Enterprises Index and Hang Seng Financials Index closed sharply higher than the end of August at the end of August, up more than 10%. A shares of Shanghai and Shenzhen stock markets showed a sharp oscillation adjustment pattern, and by the central bank raised the deposit reserve ratio and interest rates and other austerity measures the impact of austerity, the rate of increase slowed compared with August. On the relative trend, the trend of ICBC H shares was significantly stronger than that of ICBC A shares.