HONG KONG—The opening of a trading link between the Hong Kong and Shenzhen stock markets met with a muted response from investors. At the end of the trading day Monday, investors based outside China had piled around 2.71 billion yuan ($393.5 million) into the Shenzhen market—home to some of the country’s fastest-growing companies in sectors like technology, pharmaceuticals and consumer goods—while Chinese investors had put 850...
The first day of trading for Stock Connect, the new northbound link between Hong Kong and Shenzhen, was "muted", with CNY 2.71bn (around 2.71 billion yuan) invested in the Shenzhen market and CNY 850m into its Hong Kong counterpart. The figures added up to 21% and 8%, respectively, of Stock Connect's daily limits. Asian trading was impacted by the Italian referendum, which led to the resignation of the country's prime minister, and Donald Trump's Twitter criticism of China.