Economic Link: Hong Kong Stock Insurance Lost Cattle Bear Line &Nbsp; Market Outlook Waits.

The Dow closed down 68 points, to 13170 points.

Hong Kong stocks opened 59 points earlier this morning, after 20948 points, and Hong Kong stocks gradually downwards, making a minimum of 20756 points, wearing 250 lines (20788 points), and eventually the Hong Kong stock market narrowed narrowing, 20856 points, 31 points or 0 2%.

The total motherboard turnover was 612. 4 billion 500 million yuan.

Shanghai composite index points 2378 points, up 1 points 0. 1%.

The big bear market has lost its strength.

The market is worried that China's economic prospects will not be ideal, drag down demand for commodities, pressure on commodity prices and energy stocks, drag down the peripheral stock market, and the mainland officials said they expected the mainland's auto sales growth to be less than 5% this year, which further clampdown the growth of China's economy.

As for Guangdong's 100 billion yuan pension, it will run the social security fund. However, since the news has been rumored for a long time, and the funds may not necessarily invest in the A share market, the pump water intensity has not been seen for a long time, so the news is not enough to stimulate the big market to rise.

Coupled with the low level of turnover, I believe Hong Kong stocks will not be able to become friends in the short term. Instead, the Hong Kong stock has lost the 250 antenna once again, and the technology is obviously weakening. Therefore, when any negative news comes out in the field, investors will be able to get away with the news.

Investors are still advised to wait and see at this stage.

BELLE performance good material can see 15 yuan.

BELLE International announced that the company's net profit of 42. 5 billion 500 million yuan, an annual increase of 24. 2%, according to market expectations.

Barclays Capital issued a report that BELLE's gross profit margin benefited from the rise in average price, and the gross profit margin increased by 1. 5 percentage points to 57. 2%.

In fact, the domestic demand share is still a major driving force for economic growth in the mainland, while BELLE's main high-end footwear is still being hit by mainland consumers. Goldman Sachs's previous survey showed that 48% women in the mainland, one of BELLE's brand products, and another 78% of respondents, had "helped" BELLE in the past year.

It is believed that there is still room for growth in sales. As for the cost, inflation will fall further, so the gross profit margin will remain at least on the current level for the coming year.

BELLE is now on the 10 antenna, and its turnover is increasing rapidly. We expect to see a rise in the follow up, but only 15 yuan will see resistance.

360 degrees are getting worse and worse.

Bad sales, heavy inventory, and serious "distribution" are the main factors that result in a sharp drop in share prices, which is the lowest since the listing. The total price of shares is 10%.

As a matter of fact, the stock market has been weakening in recent days and deteriorating, and the volume of pactions is increasing. Therefore, there is a very low chance of rebound in the short term. It is suggested that investors should eat up as soon as possible, otherwise they will have psychological preparations for long-term holding.