Despite the post Ching Ming rally to levels last seen in 2007, the Hong Kong listed stock returns have been dispersed with small caps underperforming large caps by 25{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6}. Much of the recent divergence can be explained by southbound stock connect trading, covering over 90{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} of EWH and MCHI holdings, but only 55{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} of EWHS and 33{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} of ECNS.
SOURCE: Financial Market News – Read entire story here.
