MNI China Daily Summary: Thursday, December 12

RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITIES: China & HK Equities Jump As Policy Conference Wraps Up

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

Hong Kong and Chinese have rallied heading into the lunch break as investors awaited the conclusion of China’s economic work conference for insights on 2025 fiscal and monetary strategies. Retail stocks in China surged on news of voucher programs to boost consumption.

  • Tech stocks are benefitting from a rally overnight in the US, with the NASDAQ closing 1.90% higher. The HSTech Index is currently 2.00% higher, with Tongcheng Travel up 8.50%, Trip.com up 4.35% and Bilibili is 5.20% higher. Elsewhere property stocks are trading higher, with the Mainland Property Index up 1.20%, while the HSI is up 1.45%
  • China mainland equities are also trading well with all sectors in the green. The CSI 300 is up 0.85%, outperforming smaller-cap indices.
  • The Chinese economic policy meeting is expected to wrap up shortly with investors hopeful for supportive measures that could reveal what measures Beijing might use next year to combat deflation and the impact of potentially higher US tariffs.
  • The data calendar is light on for the rest of the week, with focus turning to Industrial Production, Retail Sales on Monday,

 

176 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Hong Kong and Chinese have rallied heading into the lunch break as investors awaited the conclusion of China’s economic work conference for insights on 2025 fiscal and monetary strategies. Retail stocks in China surged on news of voucher programs to boost consumption.

  • Tech stocks are benefitting from a rally overnight in the US, with the NASDAQ closing 1.90% higher. The HSTech Index is currently 2.00% higher, with Tongcheng Travel up 8.50%, Trip.com up 4.35% and Bilibili is 5.20% higher. Elsewhere property stocks are trading higher, with the Mainland Property Index up 1.20%, while the HSI is up 1.45%
  • China mainland equities are also trading well with all sectors in the green. The CSI 300 is up 0.85%, outperforming smaller-cap indices.
  • The Chinese economic policy meeting is expected to wrap up shortly with investors hopeful for supportive measures that could reveal what measures Beijing might use next year to combat deflation and the impact of potentially higher US tariffs.
  • The data calendar is light on for the rest of the week, with focus turning to Industrial Production, Retail Sales on Monday,