Thanks to Morgan Stanley and Goldman Sachs bullish notes on China, the Hang Seng and Shanghai composite continued their positive runs. Goldman cited China economic growth as well as Xi’s incentive to keep things going well prior to the 19th Communist Party Congress in the fourth quarter of 2017.
Data Source: Bloomberg
Practically all sectors were go for the Hang Seng, from banks to developers to consumer stocks. The top 20 were as follows:
Data Source: aastocks.com
Most Hang Seng stocks were up, with only 5 of the bottom 10 performers in negative territory.
Data source: aastocks.com