Chinese mainland H-share rally falters
By Bloomberg | China Daily | Updated: 2017-02-15 07:46
Gains overheated, inflation raises concerns over monetary policy
A rally by Chinese mainland stocks in Hong Kong is running out of steam as technical indicators suggest gains are overheated and faster inflation is increasing concerns over tighter monetary policy.
The Hang Seng China Enterprises Index fell less than 0.1 percent to 10,254.44 at the close after six days of gains. Sinopharm Group Co was the leading decliner, dropping 2.8 percent, while petroleum shares also retreated. China Communications Construction Co led gains, rising 1.6 percent to its highest price since November 2015.
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