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Comment For China Stock Market 2016/08/18

China stock fell after overnight Fed minutes release, with SHA fell about 0.17%.The minutes showed that Fed officials had no intention to raise the rate in the near term and risky rebounded after some dip caused by previous hawkish speech by two Fed governors. In China equity market, Money outflowed from Finance, Petrochemical and Software Development the most. Interchina Water Treatment Co. rallied to limit-up as investors believed that Wanda Group, one of the largest real estate developers in China, is gaining the shares of the company for a privatization plan. DXY slumped on the dovish Fed minutes to level near 94.CNYUSD strengthened but failed to breach the 6.61 threshold. We believed that the firmness of CNY could last into September, for Fed will need more data to convince themselves for a policy move and China econ could gain some speed in Q3.In commodity market, rapeseed, aluminum and lead rallied while coal and rebar declined for profit taking as speculators on the supply-cut theme took a break. The momentum of real estate and steel sectors could meet a stop at the end of August we thought, and it's safer for investors to switch into retail and food & beverage sectors at that time to avoid the risk of cyclical shares.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.