HONG KONG: Shanghai stocks surged against Hong Kong-traded counterparts in seven weeks after regulators signaled work was almost complete for the start of a planned trading link between the two cities’ bourses.
The Hang Seng China AH Premium Index increased 1.5 percent to 97.50, rebounding from its lowest level since Sept. 22.
“The exchange link will be launched eventually,” said Wei Wei, an analyst at West China Securities Co. in Shanghai. “It’s simply a matter of timing.”
The Shanghai Composite Index (SHCOMP) rose 0.5 percent at 2:42pm local time, while the Hang Seng China Enterprises Index fell 1 percent. The Shanghai gauge climbed 15 percent in the third quarter amid optimism the trading link would spur foreign inflows into mainland shares.
