Stock prices and stock index futures on
Su Peike / text
mainland stock index futures had just ushered in the Yuan, received the gold in the 334 million of the trillion yuan, 70 million more than 5 million investors per capita evaporation. Obviously some people are happy people unhappy. Well, the stock index futures and stock market whether there is any correlation between? What factors have led to the current round of stock market plunge?
Since then, the stock market began to wheel down to the time point of view, precisely in the April 16 stock index futures this day, is it a coincidence? clearly not, there is no reason the stock market has never been a coincidence. Unfortunately, there are a bunch of people recently this as a these two types of stock prices should fall, it is not related to stock index futures. 20 trillion of stock market capitalization, turned out that 20 000 average turnover per trading day of 1600 billion, and growing beyond the spot market, once the regular army to enter, I do not know what will be a situation. Obviously the stock index futures the market has become China's largest track-type monitor.
starting any market will be accompanied by many problems, but if the problem does not reflect on the innocent blame is not conducive to the healthy development of this market. The most so I can not tolerate that some interests for stock index futures stakeholders who will argue the stock market crash and the market value of 3.64 trillion yuan blame evaporation To understand the reasons for this round of stock prices can not simply blame, to prevent being taken advantage of.
control policy is if the current round of real estate stock market crash falling house prices fall, but not too many reasons to drop the stock market crash? Is the property market stocks have a cold sneezing? obviously not a logical Moreover, conduction from the real economy to the stock market there is a process, and now the macro-control policy also voice hardly ever, house prices still high, stock prices began to fall only show that either the stock market is overvalued or other reasons, most of the valuations from the current situation of view, relatively rational, but why would encounter futures, spot double short? obviously other reasons; Second, China's limited investment channels in the present case, between the property and stock markets tend to have a seesaw effect, once the property market is experiencing economic control, in the case of negative real interest rates, the speculative capital naturally into the stock market, not only will not help in a short time but will have implications for the stock market or the stock market; Third, even if the property market bubble control policy will be weighed down prices, but does not affect the normal business of operating conditions, unless such business enterprises in the bubble; Fourth, China's stock market is a speculative market driven funds, often run counter to the fundamentals, and now return to fundamental effect immediately, rapid, over seems to reflect the fundamentals of hard to explain. Obviously, the real estate regulation policy is not the stock market crash caused the The purpose of the index on the profit. From the weight of the Shanghai and Shenzhen 300 constitute a point of view,Discount UGG boots, financial and real estate industry, a total of 59 stocks, the total weight of nearly 40%, more than one-third of the total weight is the CSI 300 Index Key Stand. trend point of view, the operation of the spot market between behavior and stock index futures are closely linked. obviously do not rule out regulation of real estate in deliberately bad effects of amplification, would like to take this index to threaten the profitability or regulatory policies.
Secondly, before the launch of stock index futures, raised funds, pension funds, insurance funds and other large lighten up, take a wait and see strategy of low position, which is a great impact on the stock market, is actually short the stock market in disguise. One might argue that raised funds and brokerages and so have not entered the stock index futures, stock index futures is no reason Yingxiang. In fact, when these agencies are not involved in stock index futures Kaishi short of the qualification, in the Chinese stock-market patterns change after, active waiting to see is the inevitable choice to lighten up in order to prevent sedan chair to the short side. a result, they are just waiting to see help lighten up the short side, exacerbated the market decline.
from the market performance of blue-chip heavyweight and difficult to analyze the behavior of these institutions, not heavyweight before the launch of stock index futures up, but plummeted after the release, which Japan, South Korea, Hong Kong and Taiwan, the opposite situation. from several stock index futures market volatility before and after the stock market as things stand, the Fund will buy before the introduction of stock index futures heavyweight, the stock index rose,UGGs, while the introduction of short selling stock index futures and sell stock index futures heavyweight, causing the stock market before the launch of stock index futures rose, after the fall launch. but because of the raised funds and securities firms in China,UGG shoes, QFII institutions such as temporarily unable to engage in stock index futures, so they have no motivation to go in the launch of stock index futures speculation heavyweight, no obligation volatility. Once the regular army into the stock index futures market, chances are they will be back to do more in the spot market until the attitude also contributed to volatility in the stock market one of the factors. a lot of ordinary investors caused the stock index futures market uncertainty, but also took the initiative to lighten up the attitude of wait and see, or take a Kuaijinkuaichu way to deal with uncertainty,UGG bailey button, However, such acts have increased the stock market volatility in disguise.
Clearly, the current round of stock index futures and stock prices have some correlation, if ignored this factor analysis, the outcome will have the incentive to pass on other factors. Of course, in addition to Beyond that, fundamental factors also contributed to the incentive stock market correction. such as the central bank's tightening of the deposit reserve ratio and the CPI, soared, so that market interest rates and liquidity crunch is expected to surge, which resulted in inhibition of the stock market ; such as the debt crisis will not be second bottom to the global economy, China's exports to the EU will significantly decrease, causing people on the real economy are reasons for pessimism; such as issuing new shares, refinancing, lifted Restricted Shares New diseases such as China's stock market also contributed to the old pain, the reasons for increased fatigue. Therefore, the breaks the camel's definitely not a straw.
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