(6 -13 Apr 2018)
Regulators of China and HK announced a four-fold increase in daily trading quota for Stock Connect scheme. CES 300 index, barometer of Shanghai, Shenzhen, Hong Kong Stock Connectivity, up 1.5%.
Chinese President Xi Jinping announced to further open national economy in several sectors, such as financials and automobile. CES P50, which has around 64% weighting composed by financials, jumped 3.1%.
Market rumored that the commencement date of Hong Kong-Zhuhai-Macao Bridge would be in September. On the other hand, sell-side research remained optimistic on Macau gaming sector. Credit Suisse raised target price on Wynn, Sands, which are constituents of CES G10 index, and uplift its projection on mass market GGR to 19%. CES G10 index had a 7.0% rally.
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