China Shares on Top of the World in August as Angst Eases: ChartBy
The Hang Seng China Enterprises Index is posting the steepest advance among 94 primary equity gauges this month, beating out stocks in oil-dependent Qatar as concern over a slowdown in Asia’s largest economy abates. The gauge, which tracks mainland Chinese shares listed in Hong Kong, is headed for its best month since March amid gains in financial stocks and China Vanke Co., a Shenzhen-based property developer that reported a 10 percent jump in profit last week. The Hang Seng Index isn’t far behind, reaching a nine-month high in August as about 78 percent of company earnings exceeded analysts’ estimates.
— With assistance by Benjamin Purvis