Is Dollar Strength Forcing Yuan's Devaluation?
Hong Kong stocks climbed to an eight-month high as speculation the start date of an exchange trading link with Shenzhen will soon be announced boosted brokerages. The Hang Seng Index advanced 0.5 percent at 3:09 a.m. local time. Guotai Junan International Holdings Ltd. surged 6.9 percent, while Hong Kong Exchanges & Clearing Ltd. headed for its biggest increase since April. The link with Shenzhen is "imminent," the bourse operator’s chief executive officer Charles Li told CNBC in an interview. Mainland investors appeared unimpressed by the comments, with the Shenzhen Composite Index slumping 1.3 percent, led by small-cap shares. Saxo Bank CIO Steen Jakobsen discusses with "On the Move" hosts Guy Johnson in London and Caroline Hyde in Berlin.