利息对股市的影响（The impact of interest on the stock market）.docVIP

利息对股市的影响（The impact of interest on the stock market） Since the first half of this year, the market has been heard about the interest rate hike, most of the discussions on the impact of interest rates are aimed at curbing consumption and investment, so as to achieve macro-control on the total amount. However, the impact of interest rates on the stock market and the ways of its impact are rare in the press. In this paper, we will discuss the impact of interest rates on the stock market and the magnitude of the impact. It is very necessary to look at the impact of the current interest rate hike on the stock market. Generally speaking, when the interest rate falls, the price of the stock rises; when the interest rate rises, the price of the stock falls. Therefore, the level of interest rates and the relationship between interest rates and the stock market have also become an important basis for stock investors to buy and sell stocks. The effect of interest rates on stocks can be divided into three approaches: First, the substitution effect of the asset portfolio caused by the change of interest rate. Through the influence of the deposit yield, the investor will make a choice between the stock and the savings and the bond, and realize the increase and increase of the value of the capital. Through the re establishment of assets, and then affect the flow of funds and flow, it will eventually affect the money supply and demand and the stock price of the stock market. Interest rates rise, part of the funds from the stock market may turn to bank savings and bonds, which will reduce the supply of funds to the market, reducing the demand for stocks, the stock price decline; conversely, lower interest rates, the stock market to increase the supply of funds, the stock price will rise. The two is the impact of interest rates on the operation of listed companies, thereby affecting the companys future valuation level. The loan interest rates will increase the interest burden on ente