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Where Do We Stand In China & Hong Kong?

EQUITIES

A quick overview of some of the major Hong Kong & Chinese equity indices, re-based at the start of '21 (as of yesterday's close). Of the 5 indices that we have selected, the ChiNext is the closest to early '21 levels, while the Hang Seng Tech Index is the furtherst below its early '21 levels. Let's see what today brings after the 33% rally in the NASDAQ Golden Dragon index during U.S. hours, which came in the wake of Liu He's well-documented Wednesday comments re: support for the economy & markets.


Fig. 1: Major Chinese & Hong Kong Equity Indices Re-Based To Start Of '21 Levels

Surce: MNI - MArket NEws/Bloomberg

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

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