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ASIA STOCKS: China Equities Give Back Some of Yesterday’s Rally. 

ASIA STOCKS
EM BulletAPACEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Yesterday saw very strong equity markets in China, with the Hang Seng up over 2% following very strong export data and expectations for further stimulus measures to be announced at the conclusion of the National Party Congress.
  • The market gave back some of that performance today again with the Hang Seng leading the way down -0.90%, the CSI 300 down -0.77%, the Shanghai Comp down -0.50% and Shenzhen Comp -0.12%.
  • The KOSPI has over recent sessions been relatively correlated with the moves in China and this broke down today with the KOSPI down only -0.05%.
  • Other parts of Asia had a strong day with the Jakarta Comp up +0.95%, Singapore’s FTSE Straits up +1.5%, Taiwan up +.45% and India’s Nifty 50 opening up positive.
  • Key decliners today were the Philippines (again) down -0.90% and Thailand down -0.35% respectively. 
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  • Yesterday saw very strong equity markets in China, with the Hang Seng up over 2% following very strong export data and expectations for further stimulus measures to be announced at the conclusion of the National Party Congress.
  • The market gave back some of that performance today again with the Hang Seng leading the way down -0.90%, the CSI 300 down -0.77%, the Shanghai Comp down -0.50% and Shenzhen Comp -0.12%.
  • The KOSPI has over recent sessions been relatively correlated with the moves in China and this broke down today with the KOSPI down only -0.05%.
  • Other parts of Asia had a strong day with the Jakarta Comp up +0.95%, Singapore’s FTSE Straits up +1.5%, Taiwan up +.45% and India’s Nifty 50 opening up positive.
  • Key decliners today were the Philippines (again) down -0.90% and Thailand down -0.35% respectively.