[True Insight Research Viewpoint] Global markets have recently shown a pattern of high-level volatility, with Stock Connect (for Hong Kong) seeing a net inflow of 3.448 billion yuan on Wednesday.

Market Commentary

Recently, global markets have been showing a pattern of high-level volatility. The US February CPI increased by 2.4% year-on-year, with core CPI at 2.5%, data largely in line with expectations. Although housing inflation has slowed, the recent surge in oil prices due to Middle East conflicts has dampened market confidence in future inflation decline. In response to the geopolitical-driven oil price spike, the IEA and the US are considering a coordinated release of strategic petroleum reserves (SPR), providing timely relief to the market, but the geopolitical premium is difficult to dissipate in the short term.

On Wednesday, Stock Connect (for Hong Kong) saw a net inflow of 3.448 billion yuan. Among them, $CNOOC(00883.HK) had the largest inflow, reaching 1.039 billion HKD; followed by $BABA-W(09988.HK) , with a net inflow of 698 million HKD. $TENCENT(00700.HK)  recorded the largest net outflow, at 2.435 billion HKD; followed by $CCB(00939.HK) , with a net outflow of 826 million HKD.

Source: KGI Securities