Vice Premier Li and Chief Trade Envoy Liu He made positive comments concerning US China trade talks. The significance of this, beyond the potential inflows for the companies, is that it could speed Alibaba’s Hong Kong IPO. With his Hong Kong prison term ending, his case was behind the proposed extradition law that led to mass demonstrations. China Life was the best performer while Techtronic Industrial was the worst performer -2.75%/6.9 index points with Apple Supplier Sunny Optical -2.53%/-6.3 index points. Northbound Connect volumes were moderate/light though foreign investors were net buyers as Shenzhen Connect volumes exceeded Shanghai Connect volumes.

Source: Forbes October 21, 2019 14:15 UTC