Chinese financial markets will trade for the first time this month on Friday and for once, investors can look forward to a relaxed start. The Hang Seng China Enterprises Index, a gauge of mainland companies listed in Hong Kong, has gained 2.4% in that time. China is unique among major economies to close its financial markets for long periods several times a year. “Things look a lot different now than they did in February," said Steven Leung, executive director at UOB Kay Hian (Hong Kong) Ltd. “Chinese markets will have a calm reopening. Tech names and consumer staples should play catch-up, as they have gained in the offshore market during the break."

Source: Mint October 09, 2020 00:45 UTC