Technical Analysis

China, HK stocks having a big up day

Chinese mainland stocks are perhaps enjoying the very weak yuan, helping to hurry along inflows.

  • The Shanghai Composite is around 1.6% higher in morning trade

In HK its an even stronger story:

  • Hang Seng is +3.6%
  • The tech index in HK is +5.6%

The data from China today was a manufacturing PMI above last month but still in contraction:

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