Alibaba (09988) listing in Hong Kong on the first day and MSCI expansion did not help boost Hong Kong stocks
Hong Kong stocks were still at the 27000 mark and opened higher and lower yesterday. They closed at a daily low of 26913 points and fell 79 points. Can stabilize the 27000 level.
Yesterday, Alibaba (09988) was listed in Hong Kong, and the third expansion of MSCI this year increased the inclusion ratio of Chinese A-share large-cap stocks in its emerging market index from 15% to 20%, making the market traded. It increased to 133 billion yuan.
The expansion of MSCI made yesterday a net inflow of funds from South to North to buy A-shares
through Shanghai and Shenzhen-Hong Kong Stock Connect to reach 24.3 billion yuan, a record high, but it did not stimulate A-share trading volume. The turnover of the two cities was only 393.6 billion yuan. The Shanghai Stock Exchange was still in a low position. It narrowed up and down yesterday, closing up less than 1 point or 0.03% to 2907 points.
There has been further progress in the China-US trade talks
The leaders of the high-level negotiations between the two sides spoke yesterday, but did not report the details. This is the third call within this month. The market is still optimistic that China and the United States will implement the first-phase trade agreement.
The Hang Seng Index is still up and down the market, keeping its upward trajectory since August, the mid-line rebound continues, and the short-term is likely to appear after the close of the date.