Markets on both sides of the mainland-Hong Kong border on Wednesday responded to new details on a much-anticipated stock exchange linkup with a collective “meh”.
In Shenzhen, home to one half of the new “stock connect” expected to launch this year, the benchmark composite index ended trading up 0.3 per cent, as did the tech-heavy, startup-focused ChiNext board.
The tie-up’s other half in Hong Kong saw profit-taking drive the China-focused Hang Seng China Enterprises Index down 0.7 per cent, while the benchmark Hang Seng Index fell 0.5 per cent.
Shanghai, which already has its own linkup with the Hong Kong Stock Exchange, finished the day virtually flat, while the CSI 300, which tracks the biggest firms on both mainland bourses, dipped 0.2 per cent.
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