Hong Kong stocks traded higher in the morning trade today, as the
benchmark index, Hang Seng Index HSI, gained 0.07 percent rising to
25,009. It was a sunny morning in HK markets as HSI opened above
25,000 setting a new record after the last one set on 22 May
2008.
Foreign investors are buying Chinese companies' stock
from Hong Kong (HK) markets as yuan traded shares are starting among
the most profitable deals pumped up by under-valuation of equity
shares.
China's new government set in new policies and reforms
aiming to attract oversea investors which has brought in billions of
dollars through HK stock exchange. Market researchers are betting on
the new policies as they said, "After four years of tough
trades, Chinese companies opened up the buy option with market
reforms attracting investors to gain on cheaper values."
Analyst
are expecting some switching from investors from the stocks who are
not performing or under-performing as compared to the opportunity
presented to them from the expanding Chinese economy.
Exchange Traded Funds (ETFs) qualifying with the Renminbi
Qualified Foreign Institutional Investor (RQFII) grew recording final
investments worth $1.33 billion (equals to 8.2 billion yuan) in July.
It is the highest record set in through ETFs since the last record of
2012 in December.
Foreign investments floated in China through
CSOP FTSE China A50 ETF. The flashing top positioned overseas
attractor gained 6.8 billion yuan in its portfolio. The second star
which received 2.4 billion yuan is Bosera FTSE China A50 Index
ETF.
Yuan added 2 percent over its 18-months lowest point last
set in April 2014. This recovery of the value of currency market a
reviving markets which strengthened the market base further.
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