差價合約是複雜的金融交易產品,可帶來由槓桿作用而導致迅速虧損的高風險。 大部分的零售投資者帳戶在跟交易差價合約時錄得資金虧損。您應當考慮您是否充分明白差價合約如何運作,以及您是否能承受您的資金損失的高風險。

中概股年終一夜暴漲,今年有望扭轉頹勢嗎?

在歲末年終時,中概股上演了一出大反轉。美股三大指數年末集體收跌,惟衡量中概股整體表現的納斯達克金龍中國指數突然一夜暴漲9.4%,創下2008年以來最大單日漲幅,中概股總市值一夜增長逾6000億元人民幣。當天美股開市後,中概股全線升超過1成,其中愛奇藝升17%,騰訊音樂、蔚來汽車升15%,就連最弱勢的教育股也出現急升,高途升22%。究竟為什麼會出現大反轉?今年中概股的前景又將如何?

 

今年以來,中概股一直表現慘淡,彭博消息稱,在美中概股市值自2月以來已累計蒸發超過1萬億美元。由於投資者包括散戶普遍看淡中概股,部分中概股的淡倉極重,但成交量卻不大,為外資大戶製造挾淡倉的好機會,並造成搶貨效應,令中概股在歲末時刻出現暴漲。

 

此次單日大反轉並不能徹底一掃中概股在投資者心中長期積累的低迷印象。不過,這是否意味著今年中概股在今年有望出現反彈?

 

中金公司在報告中表示,突然的大漲可能是一些技術性因素所致,如空頭回補等等,此外也不排除有年底衝業績需要和一部分稅收抵扣的因素。但在技術性因素之外,考慮到海外中資股經過近一年下跌後所處的估值水平和相對吸引力,他們的分析團隊認為也不排除的確存在一部分為2022年做佈局的資金所驅動。

 

至於中概股未來前景,中金公司也給出了正面的看法。其分析人士表示,隨著短期不確定性逐步消退和穩增長政策進一步落地,他們認為海外中資股市場有望逐步反彈,進而吸引更多資金流入。不過,風險和不確定性依然存在,如來自中美關係以及全球Omicron疫情等多方面消息的干擾。

 

由於政治環境不穩定和監管政策不明朗等因素,外資對中國企業的投資擔憂仍會持續。包含索羅斯基金公司、避險基金英仕曼集團等大型機構投資人日前皆表示,非常擔憂在美國和亞洲交易的中概股前景。

 

今年亦有大量中概股“回流”香港市場的現象,所以未來預計會出現更多中概股選擇從美股退市或更換上市地點。除了計劃回香港上市的滴滴之外,今年還有可能“回流”的中概股數量較多,包括拼多多、蔚來汽車、貝殼、騰訊音樂娛樂、富途控股等。

 

另一方面,市場也在擔憂美聯儲的加息週期即將來臨,在緊縮政策的背景之下,中概股投資者尤其會擔憂會不會出現中國境內的美元資金外流和人民幣對美元貶值的情況,部分中概股的股價市值已經縮水,匯率的波動對中概股估值或會造成進一步的負面影響。

 

雖然諸多不明朗因素仍然有待觀察,大多數投資者仍對中概股持審慎態度,但是中美關係在朝著緩和方向努力、投資者仍然看好中國國內消費增長等因素都會成為中概股未來反彈的動力來源。長期來說,中概股企業應該將改善自身盈利和提升競爭力作為發展重點,保持穩定增長的業績才能獲得投資人的青睞。短期來說,目前國家“穩增長”的政策會利好部分金融、地產板塊以及中下游消費板塊的中概股。

最近的新聞
開啟線上交易吧 !
免費使用我們的模擬帳戶來學習交易。當您準備好後,您可切換到真實帳戶並開始進行真實交易。
Popular posts
ATFX

Restrictions on Use

Products and Services on this website https://www.atfx.com/en-ae/ are not suitable
in your country. Such information and materials should not be regarded as or
constitute a distribution, an offer, or a solicitation to buy or sell any investments.
Please visit https://www.atfx.com/en/ to proceed.

ATFX

使用限制

本网站的产品及服务不适合英国居民。网站内部的信息和素材不应被视为分销,要约,买入或卖出任何投资产品。请继续访问 https://www.atfx.com/en-za/

ATFX

使用限制

本网站的产品及服务不适合英国居民。网站内部的信息和素材不应被视为分销,要约,买入或卖出任何投资产品。请继续访问 https://atfxgm.eu/en/

ATFX

使用限制

本网站的产品及服务不适合英国居民。网站内部的信息和素材不应被视为分销,要约,买入或卖出任何投资产品。请继续访问 https://www.atfx.com/en/

ATFX

使用限制

本网站的产品及服务不适合英国居民。网站内部的信息和素材不应被视为分销,要约,买入或卖出任何投资产品。请继续访问 https://www.atfx.com/ar/

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/ar/ to proceed.
ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/en/ to proceed.

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://atfxgm.eu/en/ to proceed.

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/en-au/ to proceed.

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/ar/ to proceed.
ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/en/ to proceed.

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://www.atfx.com/en-za/ to proceed.
ATFX

Restrictions on Use

Products and Services on this website are not suitable for Hong Kong residents. Such information and materials should not be regarded as or constitute a distribution, an offer, solicitation to buy or sell any investments.

使用限制: 本網站的產品及服務不適合香港居民使用。網站內部的信息和素材不應被視為分銷,要約,買入或賣出任何投資產品。

ATFX

Restrictions on Use

Products and Services on this website are not suitable for the UK residents. Such information and materials should not be regarded as or constitute a distribution, an offer, or a solicitation to buy or sell any investments. Please visit https://atfxgm.eu/en/ to proceed.

ATFX

Restrictions on Use

AT Global Markets (UK) Limited does not offer trading services to retail clients.
If you are a professional client, please visit https://www.atfxconnect.com/