On 23-Jan, Hong Kong market turnover jumped to the highest since July 2015. Daily turnover closed to HKD200B. For those CES indices served as benchmark of Hong Kong markets, pushed further into record territory.
Morgan Stanley raises earning outlook and target price for Chinese banks, backing by the view of Net Interest Margin expansion. Significantly weighted constituents of CES HKMI, such as ICBC, CCB & BOC, jumped from 2% to 9%. Overall, CES HKMI climbed 4.1%.
4Q17 Net Profit of Wynn Macau surged 285% YoY. Wynn, a core constituent of CES G10, rose 12% last week. CES G10 was up 6.9%.
