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2021-03-09

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China State Funds Buy Stocks to Stem Worsening Rout

2021-03-09

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Hong Kong shares jump in bumpy session, China blue chips inch higher

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Tech stocks stage rebound, nasdaq roars back 3.6% for its best day in 4 months

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href=\"https://www.cnbc.com/2021/03/08/dow-futures-rise-extending-mondays-300-point-rally.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech stocks stage rebound, nasdaq roars back 3.6% for its best day in 4 months</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech stocks stage rebound, nasdaq roars back 3.6% for its best day in 4 months\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 08:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/08/dow-futures-rise-extending-mondays-300-point-rally.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks rose on Tuesday after a decline in bond yields caused investors to rotate back into the beaten-up technology sector.\nThe Nasdaq Composite climbed 3.69% to 13,073.82 for its best day since ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/dow-futures-rise-extending-mondays-300-point-rally.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/03/08/dow-futures-rise-extending-mondays-300-point-rally.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1118673419","content_text":"U.S. stocks rose on Tuesday after a decline in bond yields caused investors to rotate back into the beaten-up technology sector.\nThe Nasdaq Composite climbed 3.69% to 13,073.82 for its best day since November.Teslasoared 19.6% after a five-day losing streak and posted its biggest one-day pop since February 2020.AppleandFacebookjumped more than 4% each, while Microsoft and Netflix both gained at least 2.5%. Amazon rose 3.8%. The tech-heavy benchmark rallied as much as 4.3% during the session.\nThe S&P 500 advanced 1.4% to 3,875.44. The Dow Jones Industrial Average closed the day near its session low, rising just 30.30 points, or 0.1%, to 31,832.74. At its session high, the blue-chip benchmark jumped more than 300 points to touch an intraday record high.\nTechnology shares rebounded from steep losses as bond yields stabilized. The10-year Treasury yieldfell more than 5 basis points to 1.54%. The benchmark rate traded as high as 1.62% on Monday.\n“After lagging badly for the last few weeks, growth/momentum stocks are exploding higher as investors grow a bit more comfortable around rates and step in to buy this erstwhile most-loved sector,” Adam Crisafulli, founder of Vital Knowledge, said in a note.\nThe Nasdaq shed 2.4% in the previous session to close more than 10% below its Feb.12 high and falling into correction territory. High-growth names have been pressured lately as rising rates make their future profits less valuable today, making it hard to justify the stocks’ lofty valuations.\nMany popular technology stocks have fallen double digits over the past month amid rate fears. Even with Tuesday’s rally, Apple dropped more than 10% in the past month, while Tesla tumbled 20%. Pandemic betsZoom VideoandPelotonfell 20% and 36%, respectively, during the same period.\n“A lot of these tech stocks have become oversold on a short-term basis. Therefore, it’s not a big surprise that they’re seeing a nice bounce,” said Matt Maley, chief market strategist at Miller Tabak. “The question will be whether this bounce is a strong one...or a ‘dead cat bounce’ that doesn’t last very long at all.”\nWidely followed investor Cathie Wood of Ark Investment Management told CNBC on Monday that the recent tech sell-off created “great opportunities” for her to buy the pure play names in her funds, which are concentrated in disruptive technology stocks.\nWood’s flagship fundArk Innovation (ARKK)popped 10% Tuesdayfor its best day ever.\nMeanwhile, the rally in reopening plays and cyclical stocks took a breather on Tuesday. Energy was the biggest loser with a 1.9% decline, paring its March gains to about 8%. Financials and industrials also underperformed Tuesday.\nSenate approval of the$1.9 trillion economic relief and stimulus billhad prompted investors to continue to rotate into these areas of the market to bet on an economic rebound. House Democrats aim to pass the bill on Wednesday so President Joe Biden can sign it by the weekend.","news_type":1},"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329416952,"gmtCreate":1615267974776,"gmtModify":1704780355728,"author":{"id":"3575621563448692","authorId":"3575621563448692","name":"Weiquan21","avatar":"https://static.tigerbbs.com/fb8f43b236d89fdea3e1783a8a40c9f9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575621563448692","authorIdStr":"3575621563448692"},"themes":[],"htmlText":"Why","listText":"Why","text":"Why","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329416952","repostId":"1143436063","repostType":4,"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329418354,"gmtCreate":1615267824178,"gmtModify":1704780354276,"author":{"id":"3575621563448692","authorId":"3575621563448692","name":"Weiquan21","avatar":"https://static.tigerbbs.com/fb8f43b236d89fdea3e1783a8a40c9f9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575621563448692","authorIdStr":"3575621563448692"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329418354","repostId":"1115753377","repostType":4,"repost":{"id":"1115753377","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1615266561,"share":"https://ttm.financial/m/news/1115753377?lang=&edition=fundamental","pubTime":"2021-03-09 13:09","market":"hk","language":"en","title":"Hong Kong shares jump in bumpy session, China blue chips inch higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1115753377","media":"Reuters","summary":"Hang Seng Index +1.35%, SSEC -0.18%CSI300 inches up as consumer firms reboundTraders dismiss reports","content":"<ul><li>Hang Seng Index +1.35%, SSEC -0.18%</li><li>CSI300 inches up as consumer firms rebound</li><li>Traders dismiss reports of state-backed buying</li></ul><p>SHANGHAI, March 9 (Reuters) - Hong Kong shares bounced on Tuesday in a volatile morning session amid sector rotation by investors, while China’s blue-chip stocks eked out a small gain after Monday’s sharp sell-off.</p><p>The Hang Seng index fell in the first half hour of trade as tech shares slumped as much as 4.6%. However, the tech sub-index bounced back to trade 1.95% higher by the midday break, helping the broader index to finish the morning session up 1.35%.</p><p>“This is just some volatile trading because we have seen a huge fall over the last few sessions,” said Alex Wong, director at Ample Finance Group.</p><p>“The overall market is not that bad because people are just doing sector rotations ... they are not bearish on everything,” he said, adding that he expected the market to stabilise.</p><p>China’s blue-chip CSI300 index edged up 0.03% after shedding more than 2% earlier in the day, as heavyweight consumer firms including Kweichow Moutai Co Ltd found their footing. The Shanghai Composite index trimmed earlier losses and was down 0.18%.</p><p>Kweichow Moutai, a favourite of foreign investors, rose 1.52% after a 4.86% drop on Monday, though it remains nearly 25% down from its Feb. 18 peak.</p><p>Refinitiv data showed net inflows on Tuesday from foreign investors into A-shares through Stock Connect.</p><p>Traders dismissed reports that the market’s turnaround on Tuesday was a result of state intervention, with a Beijing-based fund manager saying the market had been oversold on a gloomier outlook for stocks.</p><p>“The pace of China’s economic recovery slowed, according to PMI data for February, while rates have been rising continuously. Such a combination didn’t bode well for equities,” said Zheng Zichun, an analyst with AVIC Securities.</p><p>Investors have been forced out of popular stocks and into areas like small-cap shares by worries about how authorities might rein in frothy valuations.</p><p>China’s yuan also whipsawed on Tuesday morning, touching a two-and-a-half-month low before recovering all its losses by midday to trade at 6.521 per dollar. (Reporting by Andrew Galbraith and Luoyan Liu; Additional reporting by Winni Zhou; Editing by Subhranshu Sahu)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong shares jump in bumpy session, China blue chips inch higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong shares jump in bumpy session, China blue chips inch higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-09 13:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>Hang Seng Index +1.35%, SSEC -0.18%</li><li>CSI300 inches up as consumer firms rebound</li><li>Traders dismiss reports of state-backed buying</li></ul><p>SHANGHAI, March 9 (Reuters) - Hong Kong shares bounced on Tuesday in a volatile morning session amid sector rotation by investors, while China’s blue-chip stocks eked out a small gain after Monday’s sharp sell-off.</p><p>The Hang Seng index fell in the first half hour of trade as tech shares slumped as much as 4.6%. However, the tech sub-index bounced back to trade 1.95% higher by the midday break, helping the broader index to finish the morning session up 1.35%.</p><p>“This is just some volatile trading because we have seen a huge fall over the last few sessions,” said Alex Wong, director at Ample Finance Group.</p><p>“The overall market is not that bad because people are just doing sector rotations ... they are not bearish on everything,” he said, adding that he expected the market to stabilise.</p><p>China’s blue-chip CSI300 index edged up 0.03% after shedding more than 2% earlier in the day, as heavyweight consumer firms including Kweichow Moutai Co Ltd found their footing. The Shanghai Composite index trimmed earlier losses and was down 0.18%.</p><p>Kweichow Moutai, a favourite of foreign investors, rose 1.52% after a 4.86% drop on Monday, though it remains nearly 25% down from its Feb. 18 peak.</p><p>Refinitiv data showed net inflows on Tuesday from foreign investors into A-shares through Stock Connect.</p><p>Traders dismissed reports that the market’s turnaround on Tuesday was a result of state intervention, with a Beijing-based fund manager saying the market had been oversold on a gloomier outlook for stocks.</p><p>“The pace of China’s economic recovery slowed, according to PMI data for February, while rates have been rising continuously. Such a combination didn’t bode well for equities,” said Zheng Zichun, an analyst with AVIC Securities.</p><p>Investors have been forced out of popular stocks and into areas like small-cap shares by worries about how authorities might rein in frothy valuations.</p><p>China’s yuan also whipsawed on Tuesday morning, touching a two-and-a-half-month low before recovering all its losses by midday to trade at 6.521 per dollar. (Reporting by Andrew Galbraith and Luoyan Liu; Additional reporting by Winni Zhou; Editing by Subhranshu Sahu)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数","HSI":"恒生指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115753377","content_text":"Hang Seng Index +1.35%, SSEC -0.18%CSI300 inches up as consumer firms reboundTraders dismiss reports of state-backed buyingSHANGHAI, March 9 (Reuters) - Hong Kong shares bounced on Tuesday in a volatile morning session amid sector rotation by investors, while China’s blue-chip stocks eked out a small gain after Monday’s sharp sell-off.The Hang Seng index fell in the first half hour of trade as tech shares slumped as much as 4.6%. However, the tech sub-index bounced back to trade 1.95% higher by the midday break, helping the broader index to finish the morning session up 1.35%.“This is just some volatile trading because we have seen a huge fall over the last few sessions,” said Alex Wong, director at Ample Finance Group.“The overall market is not that bad because people are just doing sector rotations ... they are not bearish on everything,” he said, adding that he expected the market to stabilise.China’s blue-chip CSI300 index edged up 0.03% after shedding more than 2% earlier in the day, as heavyweight consumer firms including Kweichow Moutai Co Ltd found their footing. The Shanghai Composite index trimmed earlier losses and was down 0.18%.Kweichow Moutai, a favourite of foreign investors, rose 1.52% after a 4.86% drop on Monday, though it remains nearly 25% down from its Feb. 18 peak.Refinitiv data showed net inflows on Tuesday from foreign investors into A-shares through Stock Connect.Traders dismissed reports that the market’s turnaround on Tuesday was a result of state intervention, with a Beijing-based fund manager saying the market had been oversold on a gloomier outlook for stocks.“The pace of China’s economic recovery slowed, according to PMI data for February, while rates have been rising continuously. Such a combination didn’t bode well for equities,” said Zheng Zichun, an analyst with AVIC Securities.Investors have been forced out of popular stocks and into areas like small-cap shares by worries about how authorities might rein in frothy valuations.China’s yuan also whipsawed on Tuesday morning, touching a two-and-a-half-month low before recovering all its losses by midday to trade at 6.521 per dollar. (Reporting by Andrew Galbraith and Luoyan Liu; Additional reporting by Winni Zhou; Editing by Subhranshu Sahu)","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":329416952,"gmtCreate":1615267974776,"gmtModify":1704780355728,"author":{"id":"3575621563448692","authorId":"3575621563448692","name":"Weiquan21","avatar":"https://static.tigerbbs.com/fb8f43b236d89fdea3e1783a8a40c9f9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575621563448692","authorIdStr":"3575621563448692"},"themes":[],"htmlText":"Why","listText":"Why","text":"Why","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329416952","repostId":"1143436063","repostType":4,"repost":{"id":"1143436063","kind":"news","pubTimestamp":1615262794,"share":"https://ttm.financial/m/news/1143436063?lang=&edition=fundamental","pubTime":"2021-03-09 12:06","market":"us","language":"en","title":"China State Funds Buy Stocks to Stem Worsening Rout","url":"https://stock-news.laohu8.com/highlight/detail?id=1143436063","media":"Bloomberg","summary":"(Bloomberg) -- Chinese state-backed funds were said to intervene on Tuesday to alleviate declines in","content":"<p>(Bloomberg) -- Chinese state-backed funds were said to intervene on Tuesday to alleviate declines in the stock market, a sign that the rout had gone too far for policy makers.</p><p>The funds, known as China’s “national team,” stepped in to ensure stability during the government’s key policy meeting in Beijing, according to people familiar with the matter. A Hong Kong-based trader, who declined to be identified discussing client business, said entities linked to mainland funds were actively buying shares through stock links with Hong Kong on Tuesday.</p><p>The CSI 300 Index of stocks erased a loss of as much as 3.2% to trade 0.2% higher as of 11:18 a.m. local time. The gauge on Monday posted its steepest decline since July to fall below its 100-day moving average. The champions that drove the recent rally are falling fastest; Kweichow Moutai Co. has lost 25% from last month’s peak, wiping out almost $130 billion in value.</p><p>China’s government-related entities tend to be market stabilizers during downturns after five mutual funds were formed in 2015 to purchase stocks during the crash. Though their fate was uncertain after a reported liquidation in 2018, evidence of intervention includes buying through trading links with Hong Kong.</p><p>Historically, Beijing has supported markets when needed around significant events or dates. On Friday, the first day of the National People’s Congress, the CSI 300 ended the day down 0.3% after falling as much 2%.</p><p>Authorities had in many ways encouraged the recent correction in stocks after the CSI 300 briefly surpassed its closing record last month: officials repeatedly warned of asset bubbles and said that curbing risks in the financial system was this year’s key policy goal.</p><p>(Updates throughout)</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China State Funds Buy Stocks to Stem Worsening Rout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina State Funds Buy Stocks to Stem Worsening Rout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-09 12:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/china-state-funds-buy-stocks-024740712.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Chinese state-backed funds were said to intervene on Tuesday to alleviate declines in the stock market, a sign that the rout had gone too far for policy makers.The funds, known as China...</p>\n\n<a href=\"https://finance.yahoo.com/news/china-state-funds-buy-stocks-024740712.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/china-state-funds-buy-stocks-024740712.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143436063","content_text":"(Bloomberg) -- Chinese state-backed funds were said to intervene on Tuesday to alleviate declines in the stock market, a sign that the rout had gone too far for policy makers.The funds, known as China’s “national team,” stepped in to ensure stability during the government’s key policy meeting in Beijing, according to people familiar with the matter. A Hong Kong-based trader, who declined to be identified discussing client business, said entities linked to mainland funds were actively buying shares through stock links with Hong Kong on Tuesday.The CSI 300 Index of stocks erased a loss of as much as 3.2% to trade 0.2% higher as of 11:18 a.m. local time. The gauge on Monday posted its steepest decline since July to fall below its 100-day moving average. The champions that drove the recent rally are falling fastest; Kweichow Moutai Co. has lost 25% from last month’s peak, wiping out almost $130 billion in value.China’s government-related entities tend to be market stabilizers during downturns after five mutual funds were formed in 2015 to purchase stocks during the crash. Though their fate was uncertain after a reported liquidation in 2018, evidence of intervention includes buying through trading links with Hong Kong.Historically, Beijing has supported markets when needed around significant events or dates. On Friday, the first day of the National People’s Congress, the CSI 300 ended the day down 0.3% after falling as much 2%.Authorities had in many ways encouraged the recent correction in stocks after the CSI 300 briefly surpassed its closing record last month: officials repeatedly warned of asset bubbles and said that curbing risks in the financial system was this year’s key policy goal.(Updates throughout)","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329418354,"gmtCreate":1615267824178,"gmtModify":1704780354276,"author":{"id":"3575621563448692","authorId":"3575621563448692","name":"Weiquan21","avatar":"https://static.tigerbbs.com/fb8f43b236d89fdea3e1783a8a40c9f9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575621563448692","authorIdStr":"3575621563448692"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/329418354","repostId":"1115753377","repostType":4,"repost":{"id":"1115753377","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1615266561,"share":"https://ttm.financial/m/news/1115753377?lang=&edition=fundamental","pubTime":"2021-03-09 13:09","market":"hk","language":"en","title":"Hong Kong shares jump in bumpy session, China blue chips inch higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1115753377","media":"Reuters","summary":"Hang Seng Index +1.35%, SSEC -0.18%CSI300 inches up as consumer firms reboundTraders dismiss reports","content":"<ul><li>Hang Seng Index +1.35%, SSEC -0.18%</li><li>CSI300 inches up as consumer firms rebound</li><li>Traders dismiss reports of state-backed buying</li></ul><p>SHANGHAI, March 9 (Reuters) - Hong Kong shares bounced on Tuesday in a volatile morning session amid sector rotation by investors, while China’s blue-chip stocks eked out a small gain after Monday’s sharp sell-off.</p><p>The Hang Seng index fell in the first half hour of trade as tech shares slumped as much as 4.6%. However, the tech sub-index bounced back to trade 1.95% higher by the midday break, helping the broader index to finish the morning session up 1.35%.</p><p>“This is just some volatile trading because we have seen a huge fall over the last few sessions,” said Alex Wong, director at Ample Finance Group.</p><p>“The overall market is not that bad because people are just doing sector rotations ... they are not bearish on everything,” he said, adding that he expected the market to stabilise.</p><p>China’s blue-chip CSI300 index edged up 0.03% after shedding more than 2% earlier in the day, as heavyweight consumer firms including Kweichow Moutai Co Ltd found their footing. The Shanghai Composite index trimmed earlier losses and was down 0.18%.</p><p>Kweichow Moutai, a favourite of foreign investors, rose 1.52% after a 4.86% drop on Monday, though it remains nearly 25% down from its Feb. 18 peak.</p><p>Refinitiv data showed net inflows on Tuesday from foreign investors into A-shares through Stock Connect.</p><p>Traders dismissed reports that the market’s turnaround on Tuesday was a result of state intervention, with a Beijing-based fund manager saying the market had been oversold on a gloomier outlook for stocks.</p><p>“The pace of China’s economic recovery slowed, according to PMI data for February, while rates have been rising continuously. Such a combination didn’t bode well for equities,” said Zheng Zichun, an analyst with AVIC Securities.</p><p>Investors have been forced out of popular stocks and into areas like small-cap shares by worries about how authorities might rein in frothy valuations.</p><p>China’s yuan also whipsawed on Tuesday morning, touching a two-and-a-half-month low before recovering all its losses by midday to trade at 6.521 per dollar. (Reporting by Andrew Galbraith and Luoyan Liu; Additional reporting by Winni Zhou; Editing by Subhranshu Sahu)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong shares jump in bumpy session, China blue chips inch higher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong shares jump in bumpy session, China blue chips inch higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-09 13:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>Hang Seng Index +1.35%, SSEC -0.18%</li><li>CSI300 inches up as consumer firms rebound</li><li>Traders dismiss reports of state-backed buying</li></ul><p>SHANGHAI, March 9 (Reuters) - Hong Kong shares bounced on Tuesday in a volatile morning session amid sector rotation by investors, while China’s blue-chip stocks eked out a small gain after Monday’s sharp sell-off.</p><p>The Hang Seng index fell in the first half hour of trade as tech shares slumped as much as 4.6%. However, the tech sub-index bounced back to trade 1.95% higher by the midday break, helping the broader index to finish the morning session up 1.35%.</p><p>“This is just some volatile trading because we have seen a huge fall over the last few sessions,” said Alex Wong, director at Ample Finance Group.</p><p>“The overall market is not that bad because people are just doing sector rotations ... they are not bearish on everything,” he said, adding that he expected the market to stabilise.</p><p>China’s blue-chip CSI300 index edged up 0.03% after shedding more than 2% earlier in the day, as heavyweight consumer firms including Kweichow Moutai Co Ltd found their footing. The Shanghai Composite index trimmed earlier losses and was down 0.18%.</p><p>Kweichow Moutai, a favourite of foreign investors, rose 1.52% after a 4.86% drop on Monday, though it remains nearly 25% down from its Feb. 18 peak.</p><p>Refinitiv data showed net inflows on Tuesday from foreign investors into A-shares through Stock Connect.</p><p>Traders dismissed reports that the market’s turnaround on Tuesday was a result of state intervention, with a Beijing-based fund manager saying the market had been oversold on a gloomier outlook for stocks.</p><p>“The pace of China’s economic recovery slowed, according to PMI data for February, while rates have been rising continuously. Such a combination didn’t bode well for equities,” said Zheng Zichun, an analyst with AVIC Securities.</p><p>Investors have been forced out of popular stocks and into areas like small-cap shares by worries about how authorities might rein in frothy valuations.</p><p>China’s yuan also whipsawed on Tuesday morning, touching a two-and-a-half-month low before recovering all its losses by midday to trade at 6.521 per dollar. (Reporting by Andrew Galbraith and Luoyan Liu; Additional reporting by Winni Zhou; Editing by Subhranshu Sahu)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数","HSI":"恒生指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115753377","content_text":"Hang Seng Index +1.35%, SSEC -0.18%CSI300 inches up as consumer firms reboundTraders dismiss reports of state-backed buyingSHANGHAI, March 9 (Reuters) - Hong Kong shares bounced on Tuesday in a volatile morning session amid sector rotation by investors, while China’s blue-chip stocks eked out a small gain after Monday’s sharp sell-off.The Hang Seng index fell in the first half hour of trade as tech shares slumped as much as 4.6%. However, the tech sub-index bounced back to trade 1.95% higher by the midday break, helping the broader index to finish the morning session up 1.35%.“This is just some volatile trading because we have seen a huge fall over the last few sessions,” said Alex Wong, director at Ample Finance Group.“The overall market is not that bad because people are just doing sector rotations ... they are not bearish on everything,” he said, adding that he expected the market to stabilise.China’s blue-chip CSI300 index edged up 0.03% after shedding more than 2% earlier in the day, as heavyweight consumer firms including Kweichow Moutai Co Ltd found their footing. The Shanghai Composite index trimmed earlier losses and was down 0.18%.Kweichow Moutai, a favourite of foreign investors, rose 1.52% after a 4.86% drop on Monday, though it remains nearly 25% down from its Feb. 18 peak.Refinitiv data showed net inflows on Tuesday from foreign investors into A-shares through Stock Connect.Traders dismissed reports that the market’s turnaround on Tuesday was a result of state intervention, with a Beijing-based fund manager saying the market had been oversold on a gloomier outlook for stocks.“The pace of China’s economic recovery slowed, according to PMI data for February, while rates have been rising continuously. Such a combination didn’t bode well for equities,” said Zheng Zichun, an analyst with AVIC Securities.Investors have been forced out of popular stocks and into areas like small-cap shares by worries about how authorities might rein in frothy valuations.China’s yuan also whipsawed on Tuesday morning, touching a two-and-a-half-month low before recovering all its losses by midday to trade at 6.521 per dollar. (Reporting by Andrew Galbraith and Luoyan Liu; Additional reporting by Winni Zhou; Editing by Subhranshu Sahu)","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164779261,"gmtCreate":1624237835953,"gmtModify":1703831151297,"author":{"id":"3575621563448692","authorId":"3575621563448692","name":"Weiquan21","avatar":"https://static.tigerbbs.com/fb8f43b236d89fdea3e1783a8a40c9f9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575621563448692","authorIdStr":"3575621563448692"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SQ\">$Square(SQ)$</a>All the way","listText":"<a href=\"https://laohu8.com/S/SQ\">$Square(SQ)$</a>All the way","text":"$Square(SQ)$All the way","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164779261","isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164007440,"gmtCreate":1624160229280,"gmtModify":1703829804416,"author":{"id":"3575621563448692","authorId":"3575621563448692","name":"Weiquan21","avatar":"https://static.tigerbbs.com/fb8f43b236d89fdea3e1783a8a40c9f9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575621563448692","authorIdStr":"3575621563448692"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>Upupup","listText":"<a href=\"https://laohu8.com/S/BABA\">$Alibaba(BABA)$</a>Upupup","text":"$Alibaba(BABA)$Upupup","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164007440","isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323675451,"gmtCreate":1615341302173,"gmtModify":1704781385046,"author":{"id":"3575621563448692","authorId":"3575621563448692","name":"Weiquan21","avatar":"https://static.tigerbbs.com/fb8f43b236d89fdea3e1783a8a40c9f9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575621563448692","authorIdStr":"3575621563448692"},"themes":[],"htmlText":"Continue going up!","listText":"Continue going up!","text":"Continue going up!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323675451","repostId":"1118673419","repostType":4,"repost":{"id":"1118673419","kind":"news","pubTimestamp":1615334943,"share":"https://ttm.financial/m/news/1118673419?lang=&edition=fundamental","pubTime":"2021-03-10 08:09","market":"us","language":"en","title":"Tech stocks stage rebound, nasdaq roars back 3.6% for its best day in 4 months","url":"https://stock-news.laohu8.com/highlight/detail?id=1118673419","media":"cnbc","summary":"U.S. stocks rose on Tuesday after a decline in bond yields caused investors to rotate back into the ","content":"<div>\n<p>U.S. stocks rose on Tuesday after a decline in bond yields caused investors to rotate back into the beaten-up technology sector.\nThe Nasdaq Composite climbed 3.69% to 13,073.82 for its best day since ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/dow-futures-rise-extending-mondays-300-point-rally.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech stocks stage rebound, nasdaq roars back 3.6% for its best day in 4 months</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech stocks stage rebound, nasdaq roars back 3.6% for its best day in 4 months\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 08:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/08/dow-futures-rise-extending-mondays-300-point-rally.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks rose on Tuesday after a decline in bond yields caused investors to rotate back into the beaten-up technology sector.\nThe Nasdaq Composite climbed 3.69% to 13,073.82 for its best day since ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/08/dow-futures-rise-extending-mondays-300-point-rally.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/03/08/dow-futures-rise-extending-mondays-300-point-rally.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1118673419","content_text":"U.S. stocks rose on Tuesday after a decline in bond yields caused investors to rotate back into the beaten-up technology sector.\nThe Nasdaq Composite climbed 3.69% to 13,073.82 for its best day since November.Teslasoared 19.6% after a five-day losing streak and posted its biggest one-day pop since February 2020.AppleandFacebookjumped more than 4% each, while Microsoft and Netflix both gained at least 2.5%. Amazon rose 3.8%. The tech-heavy benchmark rallied as much as 4.3% during the session.\nThe S&P 500 advanced 1.4% to 3,875.44. The Dow Jones Industrial Average closed the day near its session low, rising just 30.30 points, or 0.1%, to 31,832.74. At its session high, the blue-chip benchmark jumped more than 300 points to touch an intraday record high.\nTechnology shares rebounded from steep losses as bond yields stabilized. The10-year Treasury yieldfell more than 5 basis points to 1.54%. The benchmark rate traded as high as 1.62% on Monday.\n“After lagging badly for the last few weeks, growth/momentum stocks are exploding higher as investors grow a bit more comfortable around rates and step in to buy this erstwhile most-loved sector,” Adam Crisafulli, founder of Vital Knowledge, said in a note.\nThe Nasdaq shed 2.4% in the previous session to close more than 10% below its Feb.12 high and falling into correction territory. High-growth names have been pressured lately as rising rates make their future profits less valuable today, making it hard to justify the stocks’ lofty valuations.\nMany popular technology stocks have fallen double digits over the past month amid rate fears. Even with Tuesday’s rally, Apple dropped more than 10% in the past month, while Tesla tumbled 20%. Pandemic betsZoom VideoandPelotonfell 20% and 36%, respectively, during the same period.\n“A lot of these tech stocks have become oversold on a short-term basis. Therefore, it’s not a big surprise that they’re seeing a nice bounce,” said Matt Maley, chief market strategist at Miller Tabak. “The question will be whether this bounce is a strong one...or a ‘dead cat bounce’ that doesn’t last very long at all.”\nWidely followed investor Cathie Wood of Ark Investment Management told CNBC on Monday that the recent tech sell-off created “great opportunities” for her to buy the pure play names in her funds, which are concentrated in disruptive technology stocks.\nWood’s flagship fundArk Innovation (ARKK)popped 10% Tuesdayfor its best day ever.\nMeanwhile, the rally in reopening plays and cyclical stocks took a breather on Tuesday. Energy was the biggest loser with a 1.9% decline, paring its March gains to about 8%. Financials and industrials also underperformed Tuesday.\nSenate approval of the$1.9 trillion economic relief and stimulus billhad prompted investors to continue to rotate into these areas of the market to bet on an economic rebound. House Democrats aim to pass the bill on Wednesday so President Joe Biden can sign it by the weekend.","news_type":1},"isVote":1,"tweetType":1,"viewCount":213,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}