China Markets Reopen After Holiday Amid Global Bond Sell-off and Hawkish Fed
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How it started
What happened
Shenzhen and Shanghai reopened trading on October 8 after the National Day holiday. Stock Connect resumed, linking mainland markets to Hong Kong. The reopening occurred amid a global bond sell-off and a hawkish stance from the Federal Reserve. The Hang Seng had previously tumbled 2.6% in a single session before the break.
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Why it matters
The resumption of trading brings mainland equities facing a catch-up risk at the open. Southbound Stock Connect flows are noted as a key factor for Hong Kong. Higher global bond yields and the Federal Reserve leaning toward further hikes argue for a cautious market start.
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Who's involved
How it developed
Newest first. Tap a step to see who reported it.- Hong Kong-listed Chinese stocks came under strain as the CSI 300 Index tracked companies listed in Shanghai and Shenzhen.Sub-event
Mainland Chinese stock markets resumed trading and linked to Hong Kong amid global bond sell-off.1 source
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The entities involved
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Shenzhen
city in China
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Shanghai
provincial-level municipality in China
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Hong Kong
city and special administrative region of China
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