China Markets Reopen After Holiday Amid Global Bond Sell-off and Hawkish Fed
1 report, 1 independent
Updated Wed 00:00
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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.
From investinglive.com
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.
From investinglive.com
Who's involved
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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
Related events
- Beijing intensified curbs on cross-border financial activity, affecting how mainland clients access global markets via Hong Kong.
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- Hong Kong increases its share of Chinese gold imports, utilizing Russia as a primary gold export channel following London's market closure.
- Mainland pressure is leading to book store closures in Hong Kong.