Hong Kong and Mainland Stocks Continue to Rise

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.

HANG SENG SHANGHAI COMP

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:

HANG SENG TOP 20

Data Source:  aastocks.com

Most Hang Seng stocks were up, with only 5 of the bottom 10 performers in negative territory.

HANG SENG BOTTOM 10

Data source: aastocks.com

 

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