Weakness In China & HK Equities Noted

Weakness in mainland Chinese equities (with the rally in SOEs and financials running out of steam after the push higher in recent days) and tech names on the Hang Seng have biased the broader equity sphere lower over the last couple of hours. The CSI 300 finished 0.9% lower on the day, while the Hang Seng is down ~2% late on. The 3 major e-mini contracts (-0.2%) and the EUROSTOXX 50 index (-0.3%) are in the red as a result. Note that international investors were marginal net buyers of mainland China shares via the HK Stock Connect schemes on Tuesday, registering a net ~CNY983mn of purchases (the third round of marginal daily net buying in a row).