2020-06-19 00:00:00, , China Last Night
Content Categorization
/Finance/Investing/Stocks & Bonds
/News/Business News/Financial Markets News
/Business & Industrial
Word Count:
854
Words/Sentence:
18
Reading Time:
8.54 min
Reading Quality:
Advanced
Readability:
16th or higher
Decoupling would mean losing our largest
trade partner, $370B of revenues generated by US companies in China, and a key
source of revenue for 46% of the top 3,000 US stocks, and so on and so forth.
Hong Kong-domiciled stocks outperformed China-domiciled stocks
+1.02% versus +0.59% using the HS HK 35 and China Enterprise Indices as
proxies.
FTSE rebalance trades led to volumes jumping +24% from yesterday in
Hong Kong while Northbound Connect saw very high volumes and inflows as foreign
investors bought $2.879 billion worth of Mainland stocks today.
Growth names were
the volume leaders in Friday trading with Tencent +0.52%, Alibaba HK +0.55%,
Hong Kong Exchanges +1.49%, and Meituan Dianping +0.87%.
The Hang Seng traveled from lower left to
upper right +0.73%/+178 index points to close at 24,643 as volumes surged +24%
from yesterday, which is 50% higher than the 1-year average.
Keywords
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