In today’s briefing:
- EQD | HSI September Rally: What’s Next?
- The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (September 20)
- EV War Hots Up; China Firms Branch Out To Outside Countries
EQD | HSI September Rally: What’s Next?
- We continue our coverage of the Hang Seng Index : in our previous insight we theorized a continuation of the rally in September.
- So far the index is following the path outlined (pullback, then rally). What is going to happen in the next few weeks, if September closes up?
- Broadly speaking we see a potential continuation of the rally in October, but there may be some resistance in the short-term.
The Heat Is On: News Flow and Sentiment in CHINA / HONG KONG (September 20)
- Asian ETF flows have been subdued during September as markets start to react positively to Fed rate cuts.
- Sands China (1928 HK) parent Las Vegas Sands (LVS US) continued to increase its stake as Macau tourists rise. Shenzhou Intl Group Holdings (2313 HK) is seeing increased China sales.
- Metallurgical Corporation of China Ltd (1618 HK) reported a decrease in new contracts for 1H24. Kuaishou Technology (1024 HK) early investor sold most of its remaining stake in the company.
EV War Hots Up; China Firms Branch Out To Outside Countries
- US ADD measure expected to be in force from Sept 27
- Bombarded by Chinese exports Canada too join ADD league
- Tesla exports from China faces ADD in Canada, EU excuses
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