HKEX: China A-Shares Proving Resilient to Global Market Turmoil
Chinese stocks have been relatively resilient amid the coronavirus turmoil. The CSI 300 Index dropped around 10% in the first quarter of 2020, milder than the 18% decline in the MSCI Asia ex Japan Index and the 19% drop in the S&P 500 Index over the same period. International investors are taking advantage of the Stock Connect scheme – the China A-shares access channel routed through Hong Kong, with nine of the top ten daily turnover in the Stock Connect Northbound channel recorded in the first quarter of the year.
Top 10 Total Stock Connect Northbound Turnover
|
Date |
Total Northbound Trade Value (RMB bn) |
Shanghai Total Northbound Trade Value (RMB bn) |
Shenzhen Total Northbound Trade Value (RMB bn) |
|
2019/11/26 |
124.3 |
67.1 |
57.2 |
|
2020/02/28 |
113.4 |
46.5 |
66.9 |
|
2020/02/26 |
108.1 |
43.6 |
64.5 |
|
2020/02/25 |
106.0 |
41.3 |
64.7 |
|
2020/03/02 |
103.4 |
42.6 |
60.8 |
|
2020/03/03 |
103.2 |
41.5 |
61.7 |
|
2020/02/04 |
102.3 |
50.8 |
51.5 |
|
2020/03/05 |
100.4 |
44.4 |
56.0 |
|
2020/03/13 |
99.7 |
46.3 |
53.4 |
|
2020/03/09 |
98.7 |
43.0 |
55.7 |
Enjoy easy entry and exit. No prefunding required. Invest in China A-shares through Stock Connect. Learn more: https://www.hkex.com.hk/eng/InvestChinaA/index.htm