Home / Business / Chinese Index Futures Gain on Tax Waiver as Link Debuts

Chinese Index Futures Gain on Tax Waiver as Link Debuts

Hong Kong’s shares fell for the
first time in 6 days as mainland investors left some-more than 90
percent of a stock-buying share unoccupied on a initial day of the
city’s sell couple with Shanghai.

Hong Kong Exchanges Clearing Ltd. slumped 1.9 percent,
paring gains to 40 percent given Premier Li Keqiang unveiled
plans for a bond in April. Tencent Holdings Ltd.,
recommended by banks including Deutsche Bank AG as a couple play,
fell 1.7 percent. Agricultural Bank of China Ltd. and Haitong
Securities Co. slid some-more than 1 percent to gait declines for
mainland shares trade in Hong Kong.

Hong Kong’s Hang Seng Index retreated 0.9 percent to
23,879.39 during 10:38 a.m., streamer for a steepest detriment in a
month. The Hang Seng China Enterprises Index (HSCEI) forsaken 1.5
percent. The Shanghai Composite Index slipped 0.2 percent. About
7.7 percent of a daily share for mainland investors buying
Hong Kong shares were filled, compared with some-more than half for
global investors purchasing mainland shares.

“The confidence about a batch bond has been partially
priced in,” Dai Ming, a account manager during Hengsheng Asset
Management Co. in Shanghai, pronounced by phone today.

In Shanghai, waste were singular as consumer companies
rallied. SAIC Motor Corp. and Kweichow Moutai Co. modernized at
least 2.4 percent.

To hit Bloomberg News staff for this story:
Allen Wan in Shanghai at
[email protected];
Zhang Shidong in Shanghai at
[email protected]

To hit a editors obliged for this story:
Michael Patterson at
[email protected]
Allen Wan

Article source: http://www.businessweek.com/news/2014-11-16/chinese-index-futures-gain-on-tax-waiver-as-link-debuts

Scroll To Top