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Hang Seng Loses Over 2%

HONG KONG STOCKS

Fresh lows of the day for the Hang Seng, which sheds ~2.1% vs. Monday's close.

  • Most of yesterday's gains are unwound, with a softer than expected round of Chinese Caixin services PMI data weighing from a top down perspective.
  • Higher U.S. Tsy yields will also be weighing.
  • Reports of Country Garden making two USD bond coupon payments do little for broader property developers.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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