Shanghai Hang Seng Update

shanghai hang seng

The Hang Seng’s rise was muted with only Hong Kong Exchanges & Clearing, HK 388 up over 5%, as Premier Li Keqiang promises a Hong Kong Shenzhen connect. Energy stocks dropped which kept the overall rise relatively flat.  In contrast, the Shanghai Comp rose over 2% thanks to reports that margin lending rates were being reduced.

The smaller Hang Seng Enterprises Index rose more than the Hang Seng , at +.51% thanks to  brokers as well as insurers.

HSCEI Leaders.PNG

 

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