Shanghai Composite Index Up 0.66% Early Friday Afternoon. Property Stocks Rise While Automakers Down

The Shanghai Composite Index rose 0.33% to 2266, thirty-eight minutes after the afternoon session started, led by developers. “Property stocks are leading because there hasn’t been any further tightening measures recently and no signs of a slide in prices,” said Soochow Securities, “expectations for more tightening are reduced. Utility stocks are gaining, with power companies benefiting from lower costs as coal prices weaken.” Automobile shares dropped, as China said it will encourage foreign investment in vehicle manufacturing in its western region, reversing a policy to remove automaking from a list of industries qualifying for government incentives. “It could well cause an increase in excess capacity and make it more difficult for local automakers to compete with foreign companies,”said Guotai Junan Securities.  (5-17-2013)

HSI Ends 0.17% Higher Before 3-Day Break, Hong Kong Stock Market Closes On Friday

The HSI finished Thursday 38 points higher to 23,082, slightly above its 10-day moving average which is around 23,050. Investors were cautious before a 3-day break starting tomorrow. The H-shares underperformed, despite A-shares’ rally, and the H-share index – the HSCEI dropped 0.58% to 11,019. Friday May 17, the birthday of buddha, is a public holiday in Hong Kong though it is not a holiday in mainland China. Read more: China Stock Market Holidays (5-16-2013)

Shanghai Composite Index Breaches 2250, Ends Thursday 1.21% Higher

The Shanghai Composite Index extended morning gains, ended Thursday up 27 points to 2251.81. “Investors feel stocks may be near a bottom and the economic data has been slowly digested,” said Tebon Securities . “China is an attractive market because of our relatively cheap valuations. Brokerages are leading stock gains today and we expect their earnings to be better than last year,” added Tebon Securities. (5-16-2013)

China QFII Member List, January 2013

By the end of November, 2012, there were 201 QFII investors. Read more (5-16-2013)

Hang Seng Index Up 0.33% Thursday Midday

The HSI rose 76 points to 23,120 at midday, the second day staying above its 10-day moving average, boosted by Wall Street and A-shares’ rallies. The H-shares still underperformed, with the H-share index down 0.11% to 11,070, despite Shanghai Composite’s 0.54% rise. Hong Kong analysts and brokers generally tip the HSI to trade in a 22,700 to 23,350 range.  (5-16-2013)

Shanghai Composite Index Rises 0.98% Thursday Morning; QFII April Quota Up

The Shanghai Composite Index rose 12 points to 2246 at midday, after falling 14 points to 2210 in early trade. The State Administration of Foreign Exchange announced that QFII memebers had been increased to 198 by the end of April, with a total investment quota of US$41.882 billion, a net increase of US137 million versus March. Read more: What is QFII (5-16-2013)

Hang Seng Index Regains 10-Day Moving Average, Ends Wednesday 0.5% Higher

The HSI regained its 10-day moving average (around 23,010), hit intraday high at 23,163.56 and ended up 114 points to 23,044. Bright Smart Securities said if the HSI could not stay above its 10-day moving, it might drop to 22,710 support in the short term.  (5-15-2013)

Shanghai Composite Index Ends Wednesday Up 0.35%

The Shanghai Composite Index reversed morning loss, ended up 7.79 points to 2224.80, a tad lower than its intrady high of 2225. The index has been rangebound between 2160 and 2253 since April 1. (5-15-2013)

HSI Up 0.51% Wednesday Midday, Dragged By A-Shares

The HSI opened higher on Wednesday following the fresh record hit by the Dow overnight, up 143 points to 23,074. The H-share index also added 54 points to 11,087. The HSI and H-Share Indexes hit session highs respectively at 23,097 and11,142, but were dragged by A-shares’ weakness with the Shanghai Composite Index down 0.11% at midday. The HSI ended up 116 points to 23,046 at midday while the H-share index only rose 0.4% to 11,076. Investors had become cautious after the HSI fell below its 10-day moving average yesterday. (5-15-2013)

A-Shares’ Wednesday Morning Rally Peters Out; Premier Li Says No Much Room for Stimulus Measures

The Shanghai Composite Index opened flat on Wednesday morning at 2217 and hit session high at 2224.95 in 30 minutes, but the rally faltered and the benchmrk index fell 2.44 points to 2214.57 at midday. Premier Li said to achieve this year’s economic growth targets, it has to rely on market force and there is little room for stimulus by government’s direct investments. (5-15-2013)

Li & Fung Jumps 7% On Chairman’s Remark And UBS Upgrade

Li & Fung (Hong Kong code 0494) jumps 7.0% to HK$11.01 after the company guided that its operating profit can return to 2011 levels. Read more (5-15-2013)

Shanghai Composite Index Ends Tuesday Down 1.11%

The Shanghai Composite Index pared morning loss, ended down 25 points to 2217 amid PBoC’s repurchase operation draining CNY 25 billion from the financial market. (5-14-2013)

HSI Down 0.2%; Support At 22,423, Says Nomura

The HSI is down 47 points to 22,423, an hour before market close. Nomura tips the HSI is weakening, with initial suppport at 22,423 and resistance at 23,354. (5-14-2013)

HSI Solid Support At 22,800, Says CPY

The HSI is down 0.3% at 22,923.44 in early afternoon session, stringing together a two-day, 1.7% losing streak. “This is a normal correction,” says Castor Pang, head of research at Core Pacific-Yamaichi. “A-shares remain a drag on Hong Kong stocks. But technically, since bottoming out (at a 2013 intraday low of 21,423) on April 18, we haven’t had a meaningful correction which was not reasonable.” Pang tips the HSI is likely to find solid support at its 100-day moving average near 22,800. (5-14-2013)

Geely Auto Plunges 3.9% Amid Disappointing SUV Sales

Geely (Hong Kong Stock Code 0175) is down 3.9% at HK$3.93 at midday. UOB KayHian trims Geely Auto’s target price to HK$4.80. Read more (5-14-2013)

HSI Down 0.12% Tuesday Morning; Short Term Correction To Continue, Says PhillipCapital

The HSI opened 134 points higher to 23,124 but the rally lost steam and the benchmark index fell 28 points to 22,964.68 at midday. PhillipCapital said that the HSI has rebounded nearly 2,000 points, and “we believe it is time for the market to correct;” it suggested investors to raise cash level, and aggressive investors may use derivatives to bet on the short-term downward trend. “However, we believe it is a short-term correction, we maintain a cautious bullish view for long term.”  (5-14-2013)

China May Cut RRR This Month, Says Haitong Securities

Haitong Securities says in a research report that China will cut banks’ reserve requirement ratios (RRR) two to three times this year, starting as early as May, due to lower CPI data and slowing economic activities. (5-13-2013)