China CSI 300 Index Expected to End Losing Streak Mon, Feb 10 (SH:SHCI, US:CHIIX)
IMP4.0
SNT+1.0▲
CONF50%
The Shanghai Composite and Hang Seng China Enterprises indexes are projected to end a multi-day losing streak on Monday, Feb 10, following central bank easing measures and improved risk sentiment. Analysts estimate a 0.5%–0.7% rebound in Shanghai CSI 300 and a similar gain in the Hang Seng China Enterprises index. The People's Bank of China's announcement of a 25-basis point cut and additional yuan liquidity injections on Feb 7 is expected to lift buying pressure. Traders are watching for momentum to carry into the week.
EditorTan Wei Jie