Under the influence of poor economic data and external market fell, 3rd Hong Kong’s Hang Seng Index dropped below two-year low in early trading, tumbling in 755. 34 o’clock,-more than 4%, 16,837. 07.

　　Hong Kong stocks plunged in early trading 3.76% Green h-shares led the blue-chip

　　On October 3, the first trading day of the month, the Hong Kong stocks fell again fall the 17,000 level. As of 9:51, the Hang Seng index fell 3.76% 16,930.20, fell 662.21. Big city contract 10.692 billion Hong Kong dollars. China enterprises index down 4.66%, 8, 501.76, fell 415.6. Ping an of China fell 8% led the blue-chip, Chinese Bank share resource stocks led blue-chip companies.

　　Institutions and experts ‘ opinions

　　Convoy asset management and securities managing director Huang Minshuo said: looking forward to the fourth quarter trend, first Commissioner of the traditional stock market crash in months to this month. Recent equity linked instrument and accumulators active again, particular operations and potential risks far higher than former, when wear after receiving the price, investor needs to purchase double for cargo receipt, greater pressure this city late-breaking.

　　Heng Liang Yuan Pearl securities believes that market now in “a State of extreme nervousness” psychological panic stage still sensitive about external messages, and many irrational selling in some blue-chip stocks were, funds have been evacuated. Expect market volatility in the short term, does not rule out the possibility that continued to record low, remained on the sidelines of the operation. (According to Sina finance)

　　Prada create listing new lows, down 14.61%

　　Advanced Messaging Gucci parent company PPR shares plunge on Friday, coupled with the foreign line of negative economic growth prospects in China, Prada dragged down share prices listed a new low today, falling up to $ 18% to $, declines slightly narrowed to 28.1 Yuan, by 14.46%. (Wealth-Chinese community)

　　Masterlink securities: HSBC weak rebound this year lows also does not appear

　　Typhoon so that futures clearing on Thursday put off for one day that may prevent the indices weight stocks traded increased, resulting in some unusual situations. But the Hang Seng index on Friday fell by around 400 cases, individual plates being washed cartridge, it is caused by data triggered investment policy-driven results. Gambling revenues decline investors worried about future revenue growth can be maintained, and whether the mainland people travel to Hong Kong and Macao will short term inflection point occurs, coupled with the bets and the local retail stock valuations are still at a high level, a number of adverse factors eventually escape the crossfire such plate fall. Aviation unit and cement fell, all reflect the negative impact of economic growth continuing fell out. Hsi and the country has not dropped below the low point this year, but silver unit within document (except for Bank and signal line) close has been broken under Monday’s low points, the same situation appeared in the local property stocks was. Strong stocks decline, weighted shares first fell below the low point, show Hong Kong stocks vulnerable.

　　Establishment of the euro zone’s European financial stability fund EFSF breakthrough progress has been made, European stock markets had some reflected the good news. United States data varied, reflecting the economic situation is not at the worst point, together with European mess upgrade $ recycling, supported the stock market better than Hong Kong and Europe. Instead, the lower the market value of the aftermath of the financial tsunami affected with the greatest single-month decline. Trend than stocks weaker in Europe, sum up why, probably mainland Chinese money supply chain fracture, institutional investors to sell equities arbitrage, triggering a domino effect, stock market decline.

　　From technical judgments, the Hang Seng index rebounded, fatigue, not averages or back up to 10 days to cover decreased by RIP has been down reversal, almost certainly this year lows also does not appear. But because of the technical specifications in low, one-sided and market bearish case, did not rule out index today follow global stock markets plunge, then rebounded. If Hsi before final 10 day average line or 18,700 stop is expected October will probably further discussion and end of and time remaining down test May 2009 point rise this year gap.

　　China building materials cement share (3,323) and zoomlion (1157), brilliance of the vehicle unit (1114), as well as jewellery stocks Liu Fu (590), and other strong stocks fell by half or more within two months from the peak, bad betting sector data have only recently appeared, although has been a considerable decline, but still not cheap valuations, adjustments will be expected to continue. Weak market conditions, out of stock decline to mercury, purging, rigidity of the telecommunications unit is still strong, but the technology has been the trend of weakening, investors not too reliable. Highway unit appears hit bottom, level of dividend return very attracted, but individual roads share lending ratio is very high, beware of credit problems involved. Shanghai-Hangzhou-Ningbo (576) higher percentage of cash, the Group revenue and dividend stable, at present nearly 10 times price-earnings ratio is higher than that of peers, waiting list for low absorbed. (Yuan fu securities)

　　KGI: Hsi today is expected to be between at 17,100 points to 17,600 in loading/unloading

　　US stocks further sharp fall on Friday, the local blue-chip stocks in United States market decreased in ADR. In fact, recent civil high interest loans emerge, investors worry silver unit within default rates will rise. In addition, there is still major problems unresolved debt crisis in Europe, is expected to remain volatile, short-term, and down looking for the end of main. Although the current valuation attractive, investors are still appropriate to wait for better market opportunities.

　　Technical analysis

　　Yin-Hsi on Friday by a large candle closed. Technically, the broader market to cover Tuesday’s rise on RIP, coupled with the major averages are still put on a bear, anti-j the broader market is not out of repeatedly falling trend. Hsi first resistance to 18,000, and the next resistance is found in the 10th line (18,293 points). Support, the Hang Seng index’s first support for 17,000 points, while the next support is seen in 16,500 points. (KGI securities chief operating officer kuangminbin)