Hong Kong up on Wall St lead but Shanghai dips

“As China is one of Japan’s biggest trading partners, we have been monitoring the use of the Chinese currency in Japan for a while”.

China Energy Engineering’s sale brings the amount raised through Hong Kong IPOs this year to $31.4 billion, the highest since 2010, data compiled by Bloomberg show. Overnight, the Deutsche X-Trackers Harvest CSI 300 Index (ASHR) fell 0.3%, the Market Vectors ChiNext Index (CNXT) fell 0.8%, the iShares China Large Cap ETF (FXI) rose 0.5%, the iShares MSCI China ETF (MCHI) was up 0.4%.

The yuan in Hong Kong climbed 0.09 percent to 6.4413 per dollar as of 9:15 p.m. The onshore yuan in Shanghai was little changed and closed at 6.3987.

Chinese hackers used malicious software to monitor journalists and activist groups involved in the Hong Kong protests earlier this year, according to new research from the cybersecurity company FireEye. China’s official purchasing managers index for November was 49.6, slightly below economists estimates for 49.8 and the lowest since August 2012. “In Hong Kong, the pro-democracy movement persists, and the government recently denied a professor a post because of his links to a pro-democracy leader”.

The markets had ended higher on Tuesday despite manufacturing surveys showing that factory activity continued to shrink in November.

Exports in October rose a seasonally adjusted 1.6% from September, while imports jumped 6.1%. Numbers below 50 indicate deterioration.

Local and foreign investors sought to buy on the cheap following the plunge, with a net inflow of 46.7 billion yuan in domestic investors’ securities accounts last week, and 3.5 billion yuan ploughing into Chinese equities on Monday via the Shanghai-Hong Kong Stock Connect scheme – both seeing their biggest funds inflow since October. “What’s more important is perhaps the boost to President Xi’s efforts to liberalise China’s financial markets”.