The Hang Seng Quietly Stages an Impressive Turnaround

Regulatory tweaks aid an impressive reversal in Hong Kong’s Hang Seng

Highlights

• Regulatory tweaks aid an impressive reversal in Hong Kong’s Hang Seng

• Keep an eye on capex and inventories in today’s GDP report

• Rising provisions and charge-offs continue to point to consumer credit stress

• BoC has the green light to cut ahead of the Fed