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Daily Insights 

May 27, 2015
 

Chinese stocks at record highs despite US correction

  • Chinese stocks registered new record highs today after official sources confirmed the Shenzhen-Hong Kong Stock Connect would be launched in H2 15. The rally contrasts with the sharp drop in the S&P 500 overnight and failed to lift other Asian equity markets. Indeed, the Kospi fell more than 1.5%, while Australia, Indonesia and Singapore fell close to 1%. Meanwhile, the Nikkei edged higher, helped by a weaker yen. In Australia, construction work in Q1 fell by 2.4%, mostly due to an accelerated decline in mining-related investment.
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