MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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: Chinese & Hong Kong Equities Mostly Lower, Property Underperforming

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

Chinese equities are mostly lower today, reflecting disappointment from last week's NPC meeting. The CSI 300 Index dropped 0.2%, with consumer staples, Real estate and energy stocks leading declines, although there have been strong gains made in Tech stocks. Hong Kong listed equities have significantly underperformed today with the HSI -2.20%, while HS China Enterprise Index is 2.15% lower following a sharp drop in China Property Developer Stocks.

  • Despite a $1.4t program to tackle local government debt, the lack of new stimulus to boost consumption dampened investor sentiment. Ongoing weak economic data, including near-zero consumer price growth and falling factory-gate prices, added to concerns. UBS cut its 2025 growth forecast for China, citing uncertainty from Donald Trump’s U.S. election victory, which could lead to a more challenging trade environment.
  • Speculative trading is surging, supporting turnover above 2t yuan in recent sessions. The upcoming Central Economic Work Conference next month may provide a new catalyst for further gains in Chinese stocks.

  • Foreign direct investment in China fell by nearly $13b in the first nine months of 2024, with companies like Nissan, Volkswagen, and IBM pulling back operations amid geopolitical tensions and economic concerns. Meanwhile, Chinese firms have sharply increased their outbound investment, adding $34b in overseas assets in the third quarter, as they expand their global presence to counter growing trade barriers.

218 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.

Chinese equities are mostly lower today, reflecting disappointment from last week's NPC meeting. The CSI 300 Index dropped 0.2%, with consumer staples, Real estate and energy stocks leading declines, although there have been strong gains made in Tech stocks. Hong Kong listed equities have significantly underperformed today with the HSI -2.20%, while HS China Enterprise Index is 2.15% lower following a sharp drop in China Property Developer Stocks.

  • Despite a $1.4t program to tackle local government debt, the lack of new stimulus to boost consumption dampened investor sentiment. Ongoing weak economic data, including near-zero consumer price growth and falling factory-gate prices, added to concerns. UBS cut its 2025 growth forecast for China, citing uncertainty from Donald Trump’s U.S. election victory, which could lead to a more challenging trade environment.
  • Speculative trading is surging, supporting turnover above 2t yuan in recent sessions. The upcoming Central Economic Work Conference next month may provide a new catalyst for further gains in Chinese stocks.

  • Foreign direct investment in China fell by nearly $13b in the first nine months of 2024, with companies like Nissan, Volkswagen, and IBM pulling back operations amid geopolitical tensions and economic concerns. Meanwhile, Chinese firms have sharply increased their outbound investment, adding $34b in overseas assets in the third quarter, as they expand their global presence to counter growing trade barriers.