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Are You Paying Attention To Hong Kong? Because I’m Paying Attention To Hong Kong

H-shares: best week in 18 months.

I don’t know if you’ve been paying attention or not, but this was one hell of a week for Hong Kong shares and especially for the Hang Seng China Enterprises Index which rose a truly a impressive 5.7% on the week.

CEI

That’s the best week since July 2016. Look at the financials (the top 10 performers on the H-share gauge were all financials):

HShareFinancials

The broader Hang Seng rose again on Friday to a fresh record. This is its sixth straight week of gains:

HangSeng

And the Southbound flows were on fire again as mainland investors bought nearly $1 billion of Hong Kong stocks on Friday – that’s the most since December 2016.

You really should keep an eye on this if you’re not already. It’s pretty interesting especially considering that although the Hang Seng seems like it’s way ahead of itself (and it probably is), it still has a lot of catching up to do if you plot it with its global peers starting at the 2009 lows:

HangSeng

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