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Hang Seng Likely Supported By Record Shanghai-HK Connect Flows

HONG KONG STOCKS

With the Hang Seng Index up ~11% since its December trough (as of Monday's close) we flag that net Shanghai-Hong Kong Stock Connect southbound flows have printed in positive territory (money flowing into Hong Kong stocks from China) for 19 consecutive sessions, with 2 of those days accounting for the 2 largest rounds of net southbound flows into Hong Kong stocks on record (going back to late 2016).


Fig 1. Net Shanghai-Hong Kong Stock Connect Southbound Flows (HK$bn)

Source: MNI - Market News/Bloomberg

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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