Hong Kong Exchanges & Clearing Ltd. surged the most in five years after a deal to link Shanghai and Hong Kong markets that gives Chinese investors unprecedented access to Macau casino stocks and Tencent Holdings Ltd.
Chinese investors will get unprecedented access to Macau casino stocks and Tencent Holdings Ltd. through an agreement to link Shanghai and Hong Kong markets that analysts say will shrink valuation gaps.
U.S. manufacturers are heading for a revival as a lower dollar, falling wages and rising productivity make them more competitive, according to Sean Darby, Jefferies Group Inc.’s chief global equity strategist.
Malaysian stocks rose, driving the benchmark index to a record close, as government plans to boost the economy and an appreciating currency bolstered foreign investment in the market to a two-year high.
China’s stocks will benefit from the announcement that insurers will be able to invest up to 25 percent of their assets in A shares and the ability of foreigners to invest up to 10 percent of their QFII quotas in index futures, according to Nomura Holdings Inc.’s equity strategist Sean Darby.
China’s yuan-denominated stocks may outperform global markets in the next three months as valuations are “very cheap,” liquidity improves and the threat of further policy tightening recedes, according to Nomura Holdings Inc.