Hang Seng Index continued to open down 22 pts and once hit the low at 25,885 this morning after tumbling nearly 700 pts yesterday. As the ChiNext once rebounded over 6%, the index also peaked at 26,470 afterwards, up 503 pts. It last stood at 26,250 at close, up 286 pts or 1.1%. Hang Seng China Enterprises Index gained 286 pts or 2.3% to 12,981. The market turnover fell to 155.873 billion.
For the first half of 2015, Hang Seng Index cumulatively jumped 11.2% or 2,644 pts and Hang Seng China Enterprises Index added 996 pts or 8.3%.
The A-share market fared well and Shanghai Composite Index soared 5.5% in the afternoon. Chinese A-share ETF saw an apparent headed north. X ISHARES A50 (02823.HK) +0.780 (+5.769%)
Short selling $500.93M; Ratio 8.606% soared 5.8%. CSOP A50 ETF (02822.HK) +0.920 (+6.150%) Short selling $1.69B; Ratio 21.648% elevated 6.2%. CAM CSI300 (03188.HK) +2.950 (+5.530%) Short selling $516.12M; Ratio 28.091% jumped 5.5%.
As the People's Bank of China launched the reverse repurchase operations on the open market again, Morgan Stanley suggested Overweight on Chinese bank stocks and lift their target prices. The four major Chinese banks added from 1% to 2.4%. CM BANK (03968.HK) +1.000 (+4.630%) Short selling $141.38M; Ratio 12.253% , BANKCOMM (03328.HK) +0.320 (+4.124%) Short selling $77.16M; Ratio 11.964% and MINSHENG BANK (01988.HK) +0.320 (+3.252%) Short selling $35.55M; Ratio 10.559% surged by 4.6%, 4.1% and 3.3%, respectively.
Chinese financial stocks led the rise. Hang Seng China H-Financials Index increased 2.83%. As China proposed that 30% of pension can be invested in A-share market, Chinese insurers generally headed north. CHINA LIFE (02628.HK) +1.100 (+3.369%) Short selling $333.20M; Ratio 15.646% and PING AN (02318.HK) +2.200 (+2.146%) Short selling $418.50M; Ratio 10.211% jumped 3.4% and 2.1%. PICC GROUP (01339.HK) +0.230 (+4.863%) Short selling $22.25M; Ratio 6.593% , CPIC (02601.HK) +1.350 (+3.766%) Short selling $158.81M; Ratio 25.592% , NCI (01336.HK) +2.100 (+4.751%) Short selling $37.46M; Ratio 8.401% and PICC P&C (02328.HK) +0.440 (+2.555%) Short selling $26.42M; Ratio 6.625% rallied 4.9%, 3.8%, 4.8% and 2.6%, respectively.
For the first half of 2015, Hang Seng Index cumulatively jumped 11.2% or 2,644 pts and Hang Seng China Enterprises Index added 996 pts or 8.3%.
The A-share market fared well and Shanghai Composite Index soared 5.5% in the afternoon. Chinese A-share ETF saw an apparent headed north. X ISHARES A50 (02823.HK) +0.780 (+5.769%)
Short selling $500.93M; Ratio 8.606% soared 5.8%. CSOP A50 ETF (02822.HK) +0.920 (+6.150%) Short selling $1.69B; Ratio 21.648% elevated 6.2%. CAM CSI300 (03188.HK) +2.950 (+5.530%) Short selling $516.12M; Ratio 28.091% jumped 5.5%.As the People's Bank of China launched the reverse repurchase operations on the open market again, Morgan Stanley suggested Overweight on Chinese bank stocks and lift their target prices. The four major Chinese banks added from 1% to 2.4%. CM BANK (03968.HK) +1.000 (+4.630%)
Short selling $141.38M; Ratio 12.253% , BANKCOMM (03328.HK) +0.320 (+4.124%) Short selling $77.16M; Ratio 11.964% and MINSHENG BANK (01988.HK) +0.320 (+3.252%) Short selling $35.55M; Ratio 10.559% surged by 4.6%, 4.1% and 3.3%, respectively. Chinese financial stocks led the rise. Hang Seng China H-Financials Index increased 2.83%. As China proposed that 30% of pension can be invested in A-share market, Chinese insurers generally headed north. CHINA LIFE (02628.HK) +1.100 (+3.369%)
Short selling $333.20M; Ratio 15.646% and PING AN (02318.HK) +2.200 (+2.146%) Short selling $418.50M; Ratio 10.211% jumped 3.4% and 2.1%. PICC GROUP (01339.HK) +0.230 (+4.863%) Short selling $22.25M; Ratio 6.593% , CPIC (02601.HK) +1.350 (+3.766%) Short selling $158.81M; Ratio 25.592% , NCI (01336.HK) +2.100 (+4.751%) Short selling $37.46M; Ratio 8.401% and PICC P&C (02328.HK) +0.440 (+2.555%) Short selling $26.42M; Ratio 6.625% rallied 4.9%, 3.8%, 4.8% and 2.6%, respectively.
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