China H-shares up almost 2%, led by banks
Taiwan, KOSPI, Philippines all saw gains in Monday trading
H-shares in Hong Kong were up nearly 2% on the back of strong buy recommendations from Goldman Sachs and Morgan Stanley, as well as China’s announcement that it would open its $9 trillion bond market to global investors. Banks led with gains of about 3%.
Taiwan stocks were up by 0.72% overnight and the KOSPI was up by just under 1%. The Philippines index jumped 1.2% following a 2% fall on Friday caused mainly by index rebalancing.