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近日A股和港股的暴跌,不能说同美国花旗银行巨亏所引起的全球股市暴跌没有一点关系。但A股同港股的因果关系各不相同。港股主要是受港元同美元联系汇率制的影响,同时,港股也是一个国际资本充分参与的市场,不能不跟国际市场随波逐流。而国际市场对A股的影响,至少在目前,还是心理层面居多。
Recently, the plunge of A-shares and Hong Kong stocks can not be said to have nothing to do with the global stock market crash caused by the U.S. giant’s huge loss. However, the causal relationship between A shares and Hong Kong stocks is different. Hong Kong stocks are subject to the impact of the linked exchange rate system between the Hong Kong dollar and the U.S. dollar. At the same time, Hong Kong stocks are also a market in which international capitals fully participate. They can not but follow the international market. The impact of the international market on A shares, at least for the moment, is still mostly psychological level.