- Chinese shares extended gains into a second session today, while Hong Kong shares headed for their first positive week in four, suggesting Beijing's barrage of support measures has put a floor under the markets.
- Shanghai is now up 10.5% from its recent low of 3507.19 on June 8, but both the Shanghai and Shenzhen benchmarks look set to barely to break even this week.
- Meanwhile, trading has resumed for hundreds of suspended firms. While some 643 firms remained frozen, according to FactSet, that's near the historical average.
- Update: Bloomberg reports China Securities Finance has 2.5T yuan to 3T yuan ($483B) of funding available as of this week for its efforts to support the stock market.
- Shanghai +3.8%; Shenzhen +5.3%; Hang Seng +1.4%
- ETFs: FXI, ASHR, EWH, CAF, YINN, KWEB, PGJ, GXC, FXP, HAO, YANG, TAO, CHIX, CHN, PEK, CHIQ, CQQQ, MCHI, TDF, QQQC, XPP, YAO, GCH, ASHS, YXI, CN, CHXF, FCA, CHNA, CNXT, CHII, ECNS, CHIE, EWHS, CHIM, KBA, KFYP, FCHI, JFC, FHK, AFTY, CHAU