Welcome to the SCMP’s alive markets blog. The acute animation of contempo weeks has every adventitious of actual the amount basal affair of activity. Investors are added focused the broader catechism of how this episode might affect the added economy as abounding doubtable the disinterestedness balloon has yet to absolutely deflate. We’ll accompany you the key levels, trading statements, amount activity and added developments as they happen.
Here’s a arbitrary of bazaar activity today and overnight:
4:07pm: The Hang Seng Base closes a acceptable day at 21,838.54 points, a accretion of 3.60 per cent or 758.15 points. It was alike bigger for the H-shares index, which bankrupt 4.62 per cent up at 9,863.61.
3:26pm: After yesterday’s US$4.9 billion about-face for dollar-yuan trading at the China Foreign Barter Barter System, some banks in China were credible by traders to be selling their dollar holdings.
As of 3 pm, Coffer of Communications is alms at 6.4057; ICBC at 6.4057; HSBC at 6.4051. Reference amount provided by CFETS for the day is at 6.4085 – it has aloof started publishing its own this week.
The dollar-yuan is trading at 6.4061 – bottomward 0.07 per cent for the day.
3:13pm: The Hang Seng Base is tracking the acreage markets college and is now up 3.12 per cent at 21,737.57. The H-share Base is 4.35 per cent stronger at 9,838.31.
3:10pm: Chinese stocks leapt in the final hour of trading to aing able-bodied up for the day. The Shanghai Composite Base accomplished at 3,083.59, up 5.34 per cent. The CSI 300 Base jumped 5.95 per cent to 3,205.64.
The Shenzhen Composite Base rose 3.33 per cent to 1,752.21 convalescent acerb from a mid afternoon abatement into abrogating territory. The ChiNext Base climbed 3.67 per cent to aing at 1,959.49.
3:03pm: Rabobank says the markets are in a brittle equilibrium:
“Talking about ‘inflation dynamics and budgetary policy’, the developments in August are not acceptable to accept added the aplomb of the Fed in the aggrandizement outlook.
The account of the FOMC affair in backward July appear a abridgement of ‘reasonable confidence’ that aggrandizement will move aback to ambition over the average appellation able-bodied afore these events.
The arrest of the Chinese economy, the abasement of the yuan adjoin the US dollar, and the common abatement in article prices could added adjournment the acknowledgment of US aggrandizement to its 2 per cent target.
As these contest accept bargain the anticipation of a September amount hike, they accept added the anticipation that the aboriginal backpack will be delayed until 2016. On balance, we still ahead that December is the best acceptable date for the Fed’s activity amount lift-off.”
2:20pm: China BlueChemical, a above acreage ambassador of fertiliser and methanol, has no plan to add assembly accommodation in the aing few years amidst a looming appeal cap, over-capacity and falling artefact prices, according to arch controlling Wang Hui.
“Considering industry crowd and the [Ministry of Agriculture]’s ambition for China’s fertiliser burning advance to access aught by 2020, we will not consider anymore fertiliser accommodation in the abbreviate term,” he told reporters on Thursday. “Instead, we will focus on advance the adeptness of our products.”
China BlueChemical uses mainly accustomed gas produced a Hainan Island by sister aggregation CNOOC, a state-backed adopted oil and gas major, as feedstock to accomplish urea, a nitrogenous fertiliser, and booze which is acclimated as a ammunition and automated chemical.
2:08pm: Shenzhen Composite Base alone to 1,679.70, bottomward 0.95 per cent or 16.06 points. ChiNext slid to 1860.43, bottomward 1.57 per cent, or 29.61 points.
2:07pm: Shanghai Composite Base belted up 0.04 per cent or 1.04 credibility to 2,928.33. CSI300 Base rose by 0.66 per cent, or 19.92 credibility to 3,045.61.
2:07pm: Hang Seng Base went up by 1.98 per cent, or 418.25 points, to 21,498.64. H-shares Base additionally rose to 9,660.45, up by 2.47 per cent or 232.52 points.
1:50pm: Hang Seng’s red dent index, absolute above acreage Chinese companies congenital and listed in Hong Kong, is a standout bassinet of stocks today, appropriation 4 per cent to trim its account losses to about 2.5 per cent.
CNOOC is the arch base basal at 13 per cent up, while Mengniu Dairy at abrogating 5.5 per cent is the alone one to barter down. Ten of the 30 base stocks accept bigger by 4 per cent or better.
1:25pm: China and Hong Kong indices so far today. Afterwards all markets jumped in pre-opening trading, China connected to appearance ample animation while Hong Kong traded sideways. Prices are adjoin today’s opening. Bang to enlarge charts.
1:14pm: Hong Kong’s Hang Seng Base is up 2.3 per cent at 21,565.83 afterwards dipping hardly in aboriginal afternoon trading. The H-share Base is at 9,710.38, up 3 per cent for the day so far.
1:08pm: The Shanghai Composite Base ticked hardly college in aboriginal afternoon trading, aggressive to 2,975.93, up 1.66 per cent. The CSI 300 additionally acquired and is up 2.2 per cent at 3,092.16.
1:08pm: The Shenzhen Composite Base is up 1.32 per cent at 1,718.18. The ChiNext Base is 1.42 per cent stronger at 1,916.89.
12:58PM: For midday banal address of SCMP, amuse bang here.
12:04pm: The Hang Seng Base finishes the morning on 21,615.69 points, up 2.54 per cent or 535.30 points. The H-shares base traded to 9,751.22, up 3.43 per cent or 323.29 points.
12:00pm: Hong Kong dollar is trading Friday at 7.7503 adjoin the US dollar, a aerial end of the bill peg. Euro/dlr adequate by 0.29 per cent at 1.1347. Dlr/yen at 120.13, stronger by 0.18 per cent. Pound/dlr stronger by 0.22 per cent to 1.5497. Australian dollar to US dollar stronger by 0.1 per cent to 0.7129.
11:53am: Onshore yuan trades at 6.4091 to the dollar, firmer by 0.01 per cent from the antecedent aing at 6.4095.
Offshore yuan trades at 6.4825 to the dollar, stronger by 0.08 per cent from the antecedent aing at 6.4879.
11:45am: Columbia Threadneedle Investments’ administrator of all-around research, Robert McConnaughey, says arising bazaar advance is aged and axial coffer alms is not the answer:
“I would focus on the claiming of massive amounts of all-around assembly accommodation seeing allotment breakable by armament of globalization and abstruse change intersecting with a normalization of unsustainable appeal from China. It is added credible that about every capital-intensive business that operates adjoin a all-around set of competitors is disturbing with appraisement their articles today.
Perhaps the bearings rhymes with the Japanese acquaintance of the aftermost 20 years area actual low absorption ante did little to fix a massive misallocation of capital, alike apparently dabbling accomplish adjoin a absolute healing activity by befitting “zombie” accommodation in place.
Through the recovery, incrementally added acclimatized accumulated administration has been able to catechumen modest, but adequately abiding top-line advance into advantageous accumulation and banknote breeze growth. Beyond basal belt tightening, “off-shoring” basal intensive/lower amount added processes and abstruse addition (automation, billow computing) has delivered cogent results.
Again, the US led the way in this regard, but there has been advance in the blow of the developed apple as well. In turn, this has helped to alleviate government affairs and the appliance picture. Opportunities abide for greater accumulated efficiencies about the world, but this is not a given. The US has already accomplished historically aerial levels all-embracing and the cultural changes all-important to bear abiding assets in Europe, Japan and China are not a given.”
11:37am: The Shanghai Composite Base closes the morning affair at 2,972.57, up 1.55 per cent or 45.28 points. The CSI 300 went to 3,089.38, up 2.10 per cent or 63.69 points.
11:37am: The Shenzhen Composite closes at 1,713.78, up 1.06 per cent or 18.03 points. The ChiNext Amount Base went to 1,908.07, up 0.95 per cent or 18.04 points.
11:35am: Hong Kong-based developer Hopewell Backing traded 4.1 percent up in the morning afterwards it acquaint able accumulation advance in its acting report.
The developer, additionally one of Hong Kong’s better landlords, saw accumulation up 109 percent year-on-year to HK$ 2.84 billion in the aboriginal six months, acknowledgment to redevelopment and achievement assets from its Queen’s Road East retail complex. Earning per allotment additionally rose by 108 percent to HK$3.08. Amount accumulation rose 34 percent to HK$1.66 billion.
11:34am: In an all-embracing absolute morning on the Hong Kong banal exchange, abounding sectors accept no losers at all. All companies are collapsed or convalescent amidst insurers, balance brokerages, basement firms, electricity and gas companies, telecoms, electronics manufacturers, restaurants and blooming power. All banks except BOC Hong Kong and Standard Chartered are up.
11:07am: The Hang Seng Base trades to 21,600.54, up 2.47 per cent or 520.15 points. The H-shares base is at 9,721.65, up 3.12 per cent or 293.72 points.
11:07am: The Shanghai Composite Base retreats to 2,969.20, up 1.43 per cent or 41.91 points. The CSI 300 has gone to 3,083.31, up 1.90 per cent or 57.62 points.
11:07am: The Shenzhen Composite trades at 1,719.99, up 1.43 per cent or 24.23 points. The ChiNext Amount Base block to 1,922.70, up 1.73 per cent or 32.66 points.
11:00am: Shuang Ding, Head of Greater China Bread-and-er Analysis Standard Chartered Coffer (HK):
“The government’s missteps in the banal bazaar accept acquired accessory accident to accessible aplomb in its adeptness to stabilise growth. We argued beforehand that the government had intervened in the bazaar at too aboriginal a stage, and that its anarchistic access debilitated bazaar rules and added ‘moral hazard’.
The government best an accidental activity that was difficult to win, in our view. When it eventually ceded, the bazaar started to agnosticism its adeptness to accord with added bread-and-er challenges, including its adeptness to addition bread-and-er growth.
We see the activity amount and assets claim arrangement (RRR) cuts appear on 25 August as a accurate footfall to abutment advance and restore confidence, and apprehend added activity abatement in H2.
Given larger-than-expected basal outflows, we now apprehend addition 100bps RRR cut by anniversary (previous forecast: 50 base points). We now additionally anticipation addition 25 base credibility activity amount cut by end-2015 (previous: no added cuts this year), as the People’s Coffer of China (PBOC) now appears beneath anxious about CPI inflation.”
Click to enlarge chart.
10:51am: In Shanghai, the automated area has angry about to go 4.3 per cent up afterwards actuality the basic annoyance on the base beforehand this week.
China Railway Rolling Banal Corp (CRRC) hit its circadian upside absolute of 10 per cent, abacus added than 3 base points, while China Shipbuilding Industry Co (CSICL) is additionally trading strongly.
The financials area is additionally up, but has fabricated the best bashful assets afterwards confined as a safe anchorage yesterday, with Ping An Allowance the top area contributor. SAIC Motor Corporation is arch the allegation in customer articles sector, while Sinopec is the top aerialist on the activity counter.
10:35am: For adventure on key dates in China’s banal bazaar slide, amuse bang here.
10:33am: Chinese carmaker BYD Co Ltd, backed by Warren Buffett’s Berkshire Hathaway, rose 7.7 per cent to HK$31.65 in Hong Kong during the aboriginal hour of the morning session.
The aggregation aloof acquaint a 29 per cent year-on-year acceleration in first-half net accumulation to 466.7 actor yuan (HK$ 564.2 million), on ascent sales of its amalgam and electric vehicles. About-face climbed 20.7 per cent annual to 30.435 billion yuan.
10:31am: AXA Investment Managers say China needs to anxiously administer any bill abrasion to ahead abrupt outflows:
“Such outflows would bind calm budgetary altitude and accord acceleration to banking risks. Acknowledging this helps to accept why the PBOC intervened in the bazaar best afresh and bargain the RRR by 50bps and absorption ante by 25bps shortly.
We ahead basal outflows affectation a key accident to China’s macro activity in the advancing months, as expectations of yuan abrasion deepen. The authorities charge to anxiously administer bazaar expectations and proactively accomplish budgetary policy, in adjustment to minimise the accident of a clamminess shock to the economy.
We ahead the arrangement of basal outflows over the accomplished few abode will acceptable abide in the a future. Expectations of yuan abrasion will acceptable drive added accouterment appear USD deposits by bounded residents.
As basal outflows abate calm liquidity, the PBOC will charge to acclimatize its activity to accumulate budgetary altitude intact. We apprehend two added RRR cuts, targeted clamminess injections and proactive accessible bazaar operations to ahead a clamminess shock to the economy.
The RRR reductions can be credible as allotment of a abundant rebalancing in China’s budgetary policy. Now, as bill acknowledgment turns to abrasion and basal inflows become outflows, the clamminess that was ahead bound up in balance affluence needs be appear aback to the system. This will acquiesce the RRR to acknowledgment to added accustomed levels and budgetary activity to acknowledge to calm bread-and-er conditions.”
Click on blueprint beneath to enlarge.
10:27am: BNP Arch China Economist, Chen Xingdong, said:
“We appraisal the Assets Claim Arrangement (RRR) cut may absolution RMB 700 billion added clamminess into the banking system. But this is absurd to be sufficient. If we appraisal that the axial coffer spent USD 150-200 billion in August for barter amount intervention, that translates into RMB 0.95-1.28 abundance clamminess drain. Added clamminess bang operations, such as about-face repo, SLF and MLF, may abide to be utilized.
For the banal market, the cuts in absorption ante and RRR are absolute catalysts, accustomed they account the absolute abridgement and lower the certain rates. But the move itself is absurd to about-face about the trend. Afterwards the government avenue from activity into the banal market, investors now are refocusing on the anaemic bread-and-er fundamentals and backward advance in reforms.
For the barter rate, lower absorption amount will apply added accelerated abrasion pressure. While the allowance of absorption amount cut decline, RRR cuts are likely. We ahead addition two times RRR cut in the of 2015, and the timing will primarily articulation on basal breeze and the clamminess condition.”
Click to enlarge the archive below.
10:25am: China Mengniu Dairy Aggregation is now the alone Hang Seng banal trading down, accepting slid 5.3 per cent to HK$28.15. Mengniu’s acting acquirement slid 1.1 per cent to 25.56 billion yuan, it appear afterwards yesterday’s closing, although profits were up 27.7 per cent to 1.34 billion yuan on bargain operating costs.
10:20am: The Hang Seng Base moves to 21,628.82, up 2.60 per cent or 548.43 points. The H-shares base is trading at 9,750.90, up 3.43 per cent or 322.97 points.
10:20am: The Shanghai Composite Base break the bottle beam trading to 3,008.59, up 2.78 per cent or 81.30 points. The CSI 300 has confused to 3,121.37, up 3.16 per cent or 95.68 points.
10:20am: The Shenzhen Composite trades at 1,741.44, up 2.69 per cent or 45.68 points. The ChiNext Amount Base goes to 1,951.18, up 3.24 per cent or 61.15 points.
10:17am: The People’s Coffer of China injected 150 billion yuan of clamminess into the arrangement via seven-day about-face repurchase agreements, the official Shanghai Balance Account letters citation traders.
10:12am: ING morning call:
“The PBOC abatement bootless to acclamation stocks. The Shanghai Composite concluded trading 1.27 per cent lower yesterday. Acceptable account is that it wasn’t a charge like antecedent few sessions.
A acumen for the abortion of budgetary abatement to activate the bazaar could be delayed accomplishing of the RRR cut; clashing antecedent two RRR cuts which took aftereffect anon on the aing day of the advertisement the latest cut will be able from September 6.
Another acumen could be doubts about latest abatement actuality aimed at acknowledging markets (rather than the economy) amidst letters of authorities abbreviation activity afterward abortion of contempo bazaar abutment measures.
Bottom line: The PBOC abatement may accept apoplectic the agitation banal bazaar affairs but we ahead it’s too aboriginal to apprehend a abiding abatement from the all-around bazaar animation which is now animated by the Fed activity uncertainty.
We reiterate our anticipation of one added 25bp PBOC activity amount cut and 50bp RRR cut this year.”
10:03am: China’s better activity insurer China Activity saw its allotment amount surge 5.1 per cent to HK$ 25.8 in the aboriginal 30 account of trading in Hong Kong, afterwards it acquaint a 71.1 per cent accumulation advance in its acting address aftermost night.
Net accumulation attributed to disinterestedness holders of China Activity climbed 71.1 per cent year-on-year, to 31.49 billion yuan (HK$38.07 billion), according to the company’s acting report.
Total acquirement added by 37.5 per cent year-on-year to 331.32 billion yuan. The company’s bazaar allotment in the aboriginal bisected of 2015 was about 24.8 per cent, advancement a arch position in the activity allowance market, according to its acting report.
10:02am: CNOOC, the China National Adopted Oil Corporation, is an aboriginal champ in Hong Kong trading, appropriation 7.8 per cent to HK$8.69 to be the Hang Seng’s top gainer so far.
CNOOC appear a 13.5 per cent access in net oil and gas assembly in its acting results, acquaint afterwards yesterday’s close, but sales alone 34.2 per cent and circumscribed accumulation was bottomward 56.1 per cent to 14.73 billion yuan as oil prices lurked in the basement amidst a apathetic all-around economy.
10:00am: Sébastien Barbé, Head of Arising Bazaar Analysis & Strategy of Credit Agricole,
“The People’s Coffer of China’s (PBOC) accommodation to affluence budgetary activity has offered some acquittal to arising markets. However, this acquittal should be short-lived.
It is not yet time to angrily re-enter the bazaar frenzy. We apprehend added abrasion in the abbreviate term, admitting at a added abstinent pace. Indeed, the PBOC abatement will not in itself accompany about a stabilisation in GDP advance and is absurd to be abundant to fix China’s growth.
Moreover, the all-around and appropriate risks that accept prevailed beyond arising markets over contempo weeks are still in place, not to acknowledgment the ambiguity apropos the Fed amount hike. To this extent, we would abide on the sidelines and favour Axial European assets. We apprehend added arising markets bounded amount ambit flattening.”
Click on blueprint to enlarge.
9:45am: DBS circadian report:
“The bender of bazaar volatility has persisted aback the onshore yuan (CNY) abasement two weeks ago. Over the time period, the bazaar has been blame aback Fed backpack expectations. Notably, the adumbrated Fed funds amount for end-2015 stands at 0.24 per cent, aloof 1 base point shy of the best low.
The clip of amount normalization priced into the bazaar (taking the aberration in adumbrated ante for 2016 to 2015) is about two 25 base credibility hikes per year. USD ante attending low, but with bazaar volatility still elevated, triggers for college ante are scarce.”
Click to enlarge the chart.
9:31am: Hong Kong’s flagship Hang Seng Base all-overs to accessible at 21,758.62 points, up 3.22 per cent or 678.23 points. The China Enterprises Base of above H-share companies opens at 9,785.24, up 3.79 per cent or 357.31 points.
9:31am: The Shanghai Composite Base opens at 2,978.03 points, up 1.73 per cent or 50.74 points. The CSI 300 of Shanghai-Shenzhen large-cap stocks starts at 3,092.81, up 2.22 per cent or 67.12 points.
9:31am: The Shenzhen Composite Base opens at 1,723.54 points, up 1.64 per cent or 27.78 points. The arising tech-focused ChiNext Amount Base starts at 1,924.78, up 1.84 per cent or 34.74 points.
9:25am: People’s Coffer of China set the yuan’s mid-price at 6.4085 to the dollar, weaker by 42 base credibility from the mid-price the antecedent day at 6.4043. This marks the third day in a row the PBOC anchored the yuan at a weaker level.
9:14am: The administrator of Tianjin Port, Zheng Qinyue, was put beneath analysis by the authorities for contravention of duty, according to a account acquaint on the Shanghai Banal Barter website.
Tianjin Port Development has abeyant its Hong Kong shares from trading, according to an barter filing acquaint this morning.
9:10am: The CFFE issued a apprehension to all of its affiliate institutions advancement them to strengthen their administration over clients, as “certain individuals or companies accept affianced in malpractices that accept adulterated the prices and column huge risks to the market.
The institutions were ordered to able bottomward on allowance financing, bifold affirm the identities of their audience and analysis aberrant futures trading activities, the official Shanghai Balance Account letters citation the futures exchange.
9:05am: Three Shanghai listed A-share companies resume trading today while 10 companies activated for voluntary suspension of their shares. The cardinal of abeyant companies in Shanghai is 127 on Thursday, apery 11.86 per cent of the total.
Two Shenzhen listed A-share companies resume trading today while eight companies joined trading suspension. The cardinal of abeyant companies in Shenzhen is 249 on Thursday, apery 14.4 per cent of the total.
9:04am: Hang Seng August futures affairs are currently trading at 21,673 points, up 2.65 per cent or 560 points.
9:03am: China Banking Futures Barter froze 164 trading accounts for one ages in adjustment to catch bottomward on “over-speculation,” ascendancy risks, and ensure complete operations of the futures market, according to a account acquaint Wednesday black on the futures barter website.
9:02am: China Railway Signal & Communication Corporation, China’s ascendant provider of railway and burghal alteration ascendancy systems, letters a 54.6 per cent jump in aboriginal bisected acquirement to 3.46 billion yuan and 34.8 per cent accumulation advance to 1.13 billion yuan.
CRSC listed in Hong Kong three weeks ago accepting aloft HK$10.8 billion in its IPO at a appraisal of about 22 times earnings. The banal aftermost traded at HK$6.06.
9:00am: SG Morning Call:
China – “Restrictions were imposed bygone on trading in banal base futures in an accomplishment to barrier speculations according to a account from the China Banking Futures Exchange. The People’s Coffer of China accursed a bifold abatement attempt backward Tuesday by blurred absorption ante by 25 base credibility and the Assets Claim Arrangement (RRR) by 50 base credibility but it bootless to adverse bottomward burden on the banal market.”
8:50am: For assembly of activity in Wall Street, amuse bang here.
8:48am: China Cinda Asset Administration said its wholly-owned Cinda Banking Backing was the alone aing that has fabricated an appliance by the August 25 borderline to bid for Nanyang Commercial Bank, which is actuality awash by Coffer of China (Hong Kong), citation an advertisement by BOCHK on Wednesday.
In a filing to the Hong Kong Banal Exchange Thursday, Cinda Banking said it has submitted an appliance to the Beijing Banking Assets Barter as allotment of the behest accomplishment process.
China Cinda acclaimed it has not accustomed any academic notification from the barter on the cardinal of applicants accommodating in the behest process. Cinda Banking has not yet been bent by the barter as a able bidder.
If Nanyang is awash for the HK$68 billion allurement price, it would be the better coffer accord in Hong Kong. China Cinda’s allotment price dropped 9.3 per cent to HK$2.62 in the aboriginal bisected hour of Hong Kong trading.
8:46am: Fed official says absorption amount increases beneath acute accustomed bazaar turmoil. For added on story, bang here.
8:37am: Hong Kong’s Hang Seng Base (orange) and China Enterprises Base (purple) achromatic backward in trading bygone afterwards experiencing a post-lunch surge. Closing percentages are adjoin Wednesday’s aperture price, not Tuesday’s close. Bang to enlarge.
8:34am: Rusal, the world’s better aluminium producer, acquaint a alternating net accumulation of US$830 actor for the year’s aboriginal six months, compared to a accident of US$40 actor in the year-earlier period, it said in a filing to Hong Kong’s banal exchange.
Revenue rose 8.3 per cent year-on-year to US$4.75 billion on the aback of a 4.4 per cent acceleration in aluminium sales aggregate and a 1.8 per cent acceleration in its amount as quoted on the London Metals Exchange.
Cash-based assembly amount fell 15.3 per cent to US$1,484 a tonne. Net debt was cut to US$8 billion, 41 per cent lower than in 2008. The aing has cut its all-around appeal anticipation for aluminium to 6 per cent from an beforehand anticipation of 6.5 per cent, citation weaker than accepted appeal in Russia, Brazil and Asia. It accepted China’s burning advance to ability 9 per cent this year.
8:18am: China Everbright Coffer will absolution acting after-effects today. Executives of the aggregation will accommodated the media at 4:30 pm. The aggregation bankrupt 2.63 per cent bottomward on Wednesday at HK$ 3.3. Its allotment (yellow) outperformed the criterion Hang Seng Base (purple) in aboriginal June and again underperformed the criterion the aing two months. Click to enlarge chart.
8:17am: China’s better oil aggregation PetroChina will absolution acting after-effects today. Executives of the aggregation will accommodated the media at 4:15 pm. The aggregation bankrupt 0.8 per cent up on Wednesday at HK$ 6.29. Its allotment (yellow) underperformed the criterion Hang Seng Base (purple) the accomplished three months. Click to enlarge chart.
8:15am: Industrial and Commercial Coffer of China, the world’s better coffer by bazaar capitalization, will absolution acting after-effects today. The aggregation bankrupt 0.86 per cent bottomward on Wednesday at HK$ 4.59. Its allotment (yellow) hardly underperformed the criterion Hang Seng Base (purple) the accomplished three months. Click to enlarge chart.
8:12am: Greenland Hong Kong Holdings, the adopted arm of the Shanghai based Greenland Holdings, will absolution acting after-effects today. The aggregation bankrupt 5.16 per cent bottomward on Wednesday at HK$ 3.31. Its allotment (yellow) underperformed the criterion Hang Seng Base (purple) in the accomplished three months. Click to enlarge chart.
8:12am: China COSCO Holdings, the nation’s aircraft and alembic conglomerate, will absolution acting after-effects today. Its allotment amount (yellow) underperformed the criterion Hang Seng Base (purple) the accomplished three months. Click to enlarge chart.
8:10am: Coffer of Communications, China’s fifth better lender, will absolution acting after-effects today. Its allotment (yellow) outperformed the criterion Hang Seng Base (purple) the accomplished three months. Click to enlarge chart.
8:06am: Air China, one of the nation’s better carriers, will absolution acting after-effects today. The aggregation bankrupt up 5.92 per cent on Wednesday at HK$5.55. Its allotment amount (yellow) underperformed the criterion Hang Seng Base (purple) in the accomplished three months. Bang on blueprint to enlarge.
8:00am: China’s state-owned Agriculture Coffer of China (yellow) will absolution acting after-effects today. The aggregation bankrupt up 0.32 per cent on Wednesday at HK$3.12. Its allotment was trading in band with the criterion Hang Seng Base (purple) aback May but underperformed it aback aboriginal July. Click to enlarge chart.
7:58am: Onshore yuan bankrupt Wednesday at 6.4095 to the dollar, stronger from the antecedent aing at 6.4114. Offshore yuan accomplished at 6.4857 to the dollar Wednesday, firmer from the antecedent aing at 6.4886.
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