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CHINA STOCKS: China Stocks See Small bounce Post Data

CHINA STOCKS
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Chinese & Hong Kong Listed stocks have seen a bounce, post China data although are now trading off the post data highs. Property stocks have seen a small bounce following the slowing pace of home price declines.

  • The Overall market is relatively subdued today, with lingering concerns surrounding the Trump presidency and its impacts on local markets. The CSI 300 is 0.15% lower, with consumer discretionary stocks struggling, while Telecom stocks see a bounce after trading lower on Thursday. The HSI is 0.30% higher, Oil & Gas stocks are trading well with the Mainland O&G Index up 0.90%, the HSTech Index was up 1.40% at one stage however trades just 0.70% now, while Property stocks have recovered somewhat from earlier lows with the Mainland Property Index down just 0.20%.
  • The Shanghai Stock Exchange will revise the SSE180 Index on December 16, increasing the weighting of technology, healthcare, and other strategic industries, while excluding companies with ESG ratings of C or lower to improve the index's performance and market value coverage.
  • October's Industrial Production in China rose 5.3%, slightly below market expectations of 5.6% and down from September's 5.4%. Key gains were seen in crude steel (+2.9%), steel products (+3.5%), industrial AI (+33.4%), and motor vehicles (+4.8%). However, declines were noted in mobile phones, integrated circuits, and electricity output. Despite economic challenges, Industrial Production has averaged 5.6% over the past year, showing resilience with a peak of 6.8% in December 2023 and a low of 4.5% in March 2024.
  • Retail sales grew by 4.8% y/y in October, marking the highest growth this year and surpassing market expectations of 3.8%. This followed a 3.2% increase in September. Authorities have been focused on improving consumer sentiment, weakened by the real estate sector's struggles, with various stimulus measures since September. 

 

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Chinese & Hong Kong Listed stocks have seen a bounce, post China data although are now trading off the post data highs. Property stocks have seen a small bounce following the slowing pace of home price declines.

  • The Overall market is relatively subdued today, with lingering concerns surrounding the Trump presidency and its impacts on local markets. The CSI 300 is 0.15% lower, with consumer discretionary stocks struggling, while Telecom stocks see a bounce after trading lower on Thursday. The HSI is 0.30% higher, Oil & Gas stocks are trading well with the Mainland O&G Index up 0.90%, the HSTech Index was up 1.40% at one stage however trades just 0.70% now, while Property stocks have recovered somewhat from earlier lows with the Mainland Property Index down just 0.20%.
  • The Shanghai Stock Exchange will revise the SSE180 Index on December 16, increasing the weighting of technology, healthcare, and other strategic industries, while excluding companies with ESG ratings of C or lower to improve the index's performance and market value coverage.
  • October's Industrial Production in China rose 5.3%, slightly below market expectations of 5.6% and down from September's 5.4%. Key gains were seen in crude steel (+2.9%), steel products (+3.5%), industrial AI (+33.4%), and motor vehicles (+4.8%). However, declines were noted in mobile phones, integrated circuits, and electricity output. Despite economic challenges, Industrial Production has averaged 5.6% over the past year, showing resilience with a peak of 6.8% in December 2023 and a low of 4.5% in March 2024.
  • Retail sales grew by 4.8% y/y in October, marking the highest growth this year and surpassing market expectations of 3.8%. This followed a 3.2% increase in September. Authorities have been focused on improving consumer sentiment, weakened by the real estate sector's struggles, with various stimulus measures since September.