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Hong Kong & China Equities Grind Higher

EQUITIES

Hong Kong & China equity markets are slightly higher today heading into the Asia break. The ban on institutional investors selling stock in the first 30 minute of trading didn't seem to have too much of an impact, as stocks moved higher for the first hour of trading, while China northbound flows turn positive.


It has been a relatively subdued day for HK and China equities today, with little in the way of headlines, or data.

  • Hong Kong Equities have see-sawed today, the HSI is currently 0.15% higher after being down 0.50% at one stage, HSTech down 0.27% while Mainland property is down 1.05%
  • China mainland equities are slightly outperforming HK equities today. Currently the CSI300 is up 0.28%, while the Shanghai Composite is 0.50% higher.
  • China Coal stock have benefited from a crack down on coal miners exceeding permitted output quotas.
  • Elsewhere, it has been reported that China will continue to roll out a series of regulations on Quant funds one by one aimed the reducing the amount of illegal quantitative transactions on the market
  • Looking ahead Hong Kong has CPI Composite data out at 4.30pm Local time
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