(9 - 16 Dec 2016)
Although the Fed’s rate hike last Thursday was no surprise to the market, the China’s Central Economic Work Conference concluded on Friday emphasized a “neutral” rather than a “flexible” monetary policy was something new to the investors, Chinese bond and currency market were both under great pressure, and in turn triggered a heavy selloff in equity market. A share index CES A80 fell 4.5% while Hong Kong's benchmark index CES SCHK100 drew back 2.7% last week.
Crown Resorts intended to sell off a major stake in its Macau casino business, CES Gaming Top 10 (CES G10) index continued its adjustment last week, dropped 4.8%.
