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Hong Kong-Shanghai trade interest fizzles

Nov. 18, 2014 3:35 AM ETFXI, PGJ, EWH, GXC, FXP, FCHI, XPP, YAO, YINN, YANG, YXI, MCHI, FCA, EWHS, FHK, CXSE, ASHR, CHNA-OLD, KBA, ASHS, CN, CNXT, GLCNBy: Yoel Minkoff, SA News Editor1 Comment
  • Despite the grand opening of the Hong Kong-Shanghai cross-border link yesterday, the fanfare surrounding the connection seems to have died down.
  • The entire quota for "north-bound" purchases of A-shares was filled by mid-afternoon yesterday, with only around 16% of the "south-bound" being used by the end of trade.
  • Today, take up was slim, with around 72% of the north-bound quota still available by midday and only 5% of the south-bound quota being used.
  • Shanghai Composite Index closed down 0.7; Hang Seng Index ended down 1.3%.
  • China A-share ETFs: ASHR, PEK, ASHS, CNXT, CHNA, KBA
  • Broad China and Hong Kong ETFs: FXI, EWH, PGJ, GXC, YINN, FXP, YANG, MCHI, XPP, YAO, YXI, CHXF, CN, FCA, EWHS, FCHI, FHK

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