ChiNext is up 11%
Beijing 50 i sup 14%
Shanghai Composite +4%
Hong Kong's Hang Seng +1%
A blistering day of rallies in China. Stimulus efforts were rolled about last week, and continued over the weekend:
Earlier today we had disappointing PMIs from China, but no one cares - this is ancient news in the light of all the new stimmy. there were some bright spots in the sub indexes, yes, but that's not what is driving Chinese equities.
- China official PMI data: Manufacturing 49.8 (expected 49.5)
- China Caixin September Manufacturing PMI 49.3 (prior 50.4) Services 50.3 (prior 51.6)
