Hong Kong having a terrible, terrible close.
Now down 25 points after having gapped up 400-450 odd.
Surely something SPECIFIC TO HONG KONG/CHINA triggered this
I will go out on a limb and suggest that the reason HK was so heavily sold off today was based on the news that China is looking at pouring $10bn into the Japanese market.
The market is suggesting that that money would have alternatively gone to HK equities, so be virtue of it going to Japan, that future injection is removed.
Im confident in suggesting that this is the reason for HK performance today - esp as Japan close up 3%
Hong Kong having a terrible, terrible close.Now down 25 points...
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