China stocks edged up only slightly on Wednesday as investors gave a lukewarm reception to a move by index provider MSCI to add some mainland shares to one of its key benchmarks, with traders saying a “Yes” decision had already been priced in.
But Hong Kong stocks were hit by the news, amid concerns that an increasingly open, and internationally recognized China market threaten to weaken the city’s role as a proxy destination for China-bound investment.
China’s blue-chip CSI300 index rose 0.5 per cent to 3,564.62 points by the lunch break, while the Shanghai Composite Index gained 0.2 per cent to 3,144.71.Risk Warning:
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.