China’s Homegrown Market Bears Drown Out Index Boost

By Anonymous

Though money is pouring in via Hong Kong, local gloom is weighs on Chinese shares

Asian stocks were largely lower on Monday. Hong Kong’s Hang Seng Index led the decline, falling more than 1%. The Shanghai Composite dropped nearly 1%, putting it on course for its fifth straight drop.

Monday’s Big Theme

Adding yuan-denominated stocks to MSCI’s widely followed emerging markets index has drawn steady inflows—but these are too small to lift China’s equity markets.

What’s Happening