China's back and started positive - BBH

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at Brown Brothers Harriman explained that China's markets reopened from the extended holiday.

    Key Quotes:

    "The Shanghai Composite rallied 3%, and the Shenzhen Composite tacked on 4%. "

    "The Hong Kong China Enterprise Index (tracks H-shares) fell 1% after rallying more than 10% during the holiday. "

    "The yuan itself strengthened slightly and remained in the upper end of the range seen before in late-September. The gap between the onshore and offshore yuan remained tight. "
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