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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.
ASIA STOCKS
China & Hong Kong equities markets are little changed today. There has been little in the way of market headlines or economic data so far this week, with focus turning to China's Industrial Production & Retail Sales on Thursday.
- The HSI is unchanged today, slightly outperforming property which is down 0.75%, while HSTech Index is 0.60% lower, Mainland China Benchmarks are trading similar with the CSI 300 down just 0.10%, small-caps are faring slightly better with the CSI 1000 & 2000 up about 0.20%.
- China's stock market turnover dropped to its lowest level since May 2020, with combined trading on the Shanghai and Shenzhen exchanges reaching just $69.1b. This decline in share transactions comes as investors flock to government bonds amid a worsening economy and housing crisis, raising concerns among regulators. The ongoing downturn marks the fourth consecutive year of losses for China's stock market, as per BBG.
- Foreign investors withdrew nearly $15b from China in Q2, marking a record outflow as pessimism about the economy deepens. This decline in foreign direct investment, combined with rising geopolitical tensions and economic slowdown, contrasts sharply with China's efforts to attract foreign capital, see chart.
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.
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