Hangseng Leadership...

Quote from ASusilovic:

SSE + 2.14 %, HSI +0.67 %. Long HSI 19463.00.
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I would not pay too close attention to the asian markets this week. Job numbers on friday is all the market cares about at this point.
 
Quote from joesan:

Seriously, maybe the summer vacation has ended, big guys return to do their job.
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More serious rambling ( and in hindsight of course :-)) after the slump of Chinese stocks several days ago, Chinese prime minister come out to say that China will not change its policy of quantitative easing. Since the slump was due to the concern of the fact that in July the newly-lended loans of Chinese banks decreased sharply, and there was widespread guess that the Chinese government will microadjust the economic policy to restrain unlimited bank loans, so after Prime minister spoke, Shanghai stock index jumped up 6% in three days. HSI is just following the mainland stock index, in a violent way. Many traders ( me included ) are paralysed by the recent low volatility, guess some even put themselves on vacations. But since the vacations of the big boys ended, the showtime should begin.
 
Hong Kong shares surged in Friday's afternoon trading after China's foreign exchange regulator issued draft rules to raise the investment quote for foreign institutional investors to $1 billion from $800 million. The move, announced after the close of the Shanghai market, is expected to let foreigners invest more in Chinese stocks. Shares across the board gained, with banking and property stocks rising the most. The Hang Seng Index rose 3.1% to 20,365.26 minutes before the close, while the Hang Seng China Enterprises Index added 3% to 11,771.36.

http://www.marketwatch.com/story//hong-kong-jumps-in-late-trade-on-china-draft-rules-2009-09-04

Trapping foreign investors ? :p
 
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