Nomad Investors

HSI Falls 196 pts; Belle Int'l Surges 9% Hong Kong bourses sustained the weakness after breaching below the level of 20,000 pts yesterday (12 May). Hang Seng Index opened lower 71 pts and once sank below the level of 19,600 in the afternoon to the bottom of 19,594, diving 320 pts. The benchmark index eventually fell 196 pts or 1% to 19,719. Hang Seng China Enterprises Index retreated 112 pts or 1.3% to 8,301. Market turnover amounted to $64.127 billion. Heavyweights were broadly softened apart from TENCENT (00700.HK)    +0.900 (+0.584%)       Short selling $268.38M; Ratio 9.556%      . Shares in TENCENT gained $0.9 or 0.6% to conclude at $155.1. AIA (01299.HK)    -0.200 (-0.463%)       Short selling $239.01M; Ratio 22.215%      lost 0.5%. HSBC HOLDINGS (00005.HK)    -0.500 (-1.046%)       Short selling $185.82M; Ratio 13....

HK 1Q16 Inflation Edges Up 2.8% The government said the price pressures remained moderate, with underlying consumer price inflation edging up to 2.8% in the first quarter (last quarter: 2.2%), mainly due to the surge in basic food prices amid bad weather conditions. Given subdued global inflation, and barring significant fluctuations in food and other commodity prices, import prices will likely stay soft. The further retreat in rental inflation amid the property market consolidation, coupled with the slow pace of economic expansion, should keep local cost pressures in check. The forecast rates of underlying and headline consumer price inflation for 2016 as a whole put out in the Budget round, at 2% and 2.3% respectively, are therefore maintained in the current round of review. Looking ahead, global economic growth is likely to remain modest in the near term, with risks still tilted towards the downside. Heightened geopolitical tensions and the uncertainty about the potential exit of...

Hang Seng Index opened higher 105 pts and receded after hitting the intra-day high at 20,347, with decline of up to 220 pts to the bottom of 20,022. The benchmark index retreated 127 pts or 0.6% to 20,115. Hang Seng China Enterprises Index retreated 33 pts or 0.4% to 8,452. Half-day turnover amounted to $32.741 billion. HSI Loses 127 pts; Casinos Rebound HSBC HOLDINGS (00005.HK)    -0.500 (-1.026%)       Short selling $39.34M; Ratio 8.043%      lost 0.6% to $48.45. AIA (01299.HK)    -0.950 (-2.140%)       Short selling $81.76M; Ratio 21.368%      and CHINA MOBILE (00941.HK)    -0.850 (-0.977%)       Short selling $71.69M; Ratio 14.338%      faded 1.9% and 0.3%. HKEX (00388.HK)    -0.100 (-0.054%)       Short selling $88.69M; Ratio 23.418%      inch...