ChinaVirtuoso

China stocks up, blue-chips eye 4th day of gains on metals strength; HK down

1. "China's stocks were higher on Thursday, with the blue-chip CSI300 index on track to rise for the fourth day as raw material shares powered ahead on the back of soaring metal prices."
2. "The Shanghai Composite Index gained 0.1 percent, to 3,244.21 points, while Shenzhen's start-up board ChiNext fell 0.3 percent."
3. "Shares in China's major base metal producers, including Shenzhen Zhongjin Lingnan Nonfemet and Jiangxi Copper rose sharply as futures prices of copper, zinc and nickel jumped, maintaining strong upward momentum."
4. "The Hang Seng index dropped 0.4 percent, to 22,597.88 points, while the Hong Kong China Enterprises Index lost 0.2 percent, to 9,646.98."
5. "The prospect of rapid capital flight from emerging markets is a key risk factor for investors in Asia, especially under U.S. President-elect Donald Trump's policies. Traders are betting on a faster pace of monetary tightening by the Fed as Trump's policies are expected to boost domestic economic growth and push inflation higher."

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