The US stock market fluctuated significantly overnight, with the three major indices tumbling back and forth after opening high. The Dow fell more than 400 points at one point, and although the final decline narrowed, the Dow still fell 206 points or 0.79% to close at 25819 points. The S&P 500 and Nasdaq fell 0.39% and 0.23% to close at 2792 points and 7577 points.

Faced with the current performance of US stocks, Morgan Stanley believes that it is only a bear market rebound and believes that the rebound is nearing its end; Earlier, Goldman Sachs and JPMorgan Chase had similar views. As major economies around the world release economic data this week, it is believed that it will provide more insights for the already rising US and global stock markets.

In terms of stocks, technology stocks have shown individual developments, with Facebook and Amazon rising 3% and 1% respectively, while Tesla and Netflix have fallen 3.2% and 1.7% respectively. In terms of Chinese concept stocks, there was a general increase, with Alibaba rising more than 1%, and some companies such as Pinduoduo and Vipshop experiencing increases of 3.8% and 5%.

Looking back at the short-term performance of the China Hong Kong stock market, as the mainland is currently holding two sessions, investors will continue to pay attention to relevant policies and corporate performance. However, given that there has been a significant increase and there is not a high chance of a significant increase in the short term, it is expected that there will be significant resistance at the 29200 level; In addition, some stocks such as 5G and mainland securities firms have seen some returns when trading, and due to the fact that individual stocks have easily increased by nearly times since the beginning of the year, it is not recommended to pursue high. Holders can also consider reducing their weight in stages.