The Hong Kong Stocks Hang Seng Index Plunged 5.56%

The National People ’s Congress of Hong Kong proposed the Hong Kong version of the National Security Law. The Hong Kong stocks Hang Seng Index plunged 5.56% on the 22nd. Taiwan stocks were also shrouded in the safety shadow of the Taiwan Strait. The trend hit a high level and pulled back technical corrections. , Including Guoguangsheng (4142), Shenghong (8403) and other 15 stocks stock prices broke through the trend.

The weighted index of Taiwan stocks fell 197 points on the 22nd. The anti-epidemic concept stocks include mask concept stocks that are about to be opened for export, such as Shengqiang, Evergrande, Xinli, South Sixth, as well as national teams for rapid screening of new drug vaccines such as Baoling Fujin, Guoguangsheng, Shenghuake, etc., have all been sought after by legal person funds.

China’s forced push of the Hong Kong version of the national security law will further intensify the conflict between the United States and China, and the uncertainty of the global financial market will also increase significantly.

Last week, the United States will fully contain the wafer fabs provided to Huawei. The industry is worried that this move will hit Taiwan ’s IC design companies such as MediaTek, Realtek, Novatek and Liji. The market originally expected that MediaTek ’s transfer order will be defeated. Investors were worried that the risk of tension in US-China relations was resurgent, causing Taiwan stocks to fall more heavily on Friday, affecting Taiwan stocks to fall 197 points to close at 10,811 points, spitting back all the four-day gains last week.

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Summary

The National People ’s Congress of Hong Kong proposed the Hong Kong version of the National Security Law. The Hong Kong stocks Hang Seng Index plunged 5.56% on the 22nd.

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