China stocks continued the bull run with SHA rose about 0.5%, in expectation of global monetary easing policies. Money flowed into Mining, Non-ferrous Metal and Construction sectors the most. Henan Silver Dove Investment Co., a paper maker, rallied to limit-up, for its major shareholders may plan to sell the firm and some restructure scheme would follow. The consequence of Brexit vote, as we 'd seen by now, it's a rally of both equity and commodity in China market, which mostly been supported by delayed Fed Rate hike. Some analysts believed that Fed should cut rates instead of hiking it, even into year 2017.We also witnessed the disparity of CNYUSD and SHA, when SHA rising to our short term target 2950 while CNY suffering from more selling. In commodity market, cotton rallied to limit-up for high temperature risk in Texas US, the top US cotton growing area and worry over precipitation deficiency in western India. As the easing expectation can run several months on, we suggest investors to hold their positions longer, and some dips, whether it's reaction of weaker PMIs on Thursday or renewed concern over growth slow down, could be taken as new opportunities to increase the risk exposure.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.