Live | China Markets Live - Shanghai and Shenzhen end marginally easier but claws back most of today’s losses; Hong Kong market ends strongly as HSBC verdict on headquarters cheer punters
HSBC stocks lift up after saying headquarters to stay in London, rejecting move to Hong Kong
Welcome to the SCMP’s live coverage of China’s financial markets. The intense volatility in Chinese markets in 2016 due to the implementation of the circuit breaker has roiled world financial markets. Investors are increasingly focused on the broader question of how this episode might affect the wider economy of the country. We’ll bring you the key levels, trading statements, price action and other developments as they happen.
4:10pm Ben Westcott
Hong Kong’s Hang Seng Index has surged after last week’s tumble, closing up 3.27 per cent by the end of the day to 18.918.14.
The China Enterprises index performed even more strongly to close up 4.78 per cent to 7,863.84.
Ample Capital Asset Management director Alex Wong said while the result looked good on the surface, it should have been stronger given last week’s plunge. “It will need to strengthen further to confirm any movement,” he said.
3:26pm Ben Westcott
The Shenzhen Composite finished down 0.04 per cent to 1,750.02.
3:17pm Ben Westcott
In Shanghai, the market got within a few points of closing higher but slipped just before 3 pm to finish down 0.63 per cent, at 2,746.20. At the beginning of the day it had been down more than two per cent.
