Emerging markets stocks mixed
Chinese shares down with most of Asia, Turkey top performer
Although the major Chinese financial stocks’ H-shares lost heavily overnight, the move in onshore A-shares was far more muted. The Shenzhen 300 financials index fell just 0.4%, while consumer staples rose 2.6% and healthcare rose 1.6%. The biggest mover on the Shenzhen Index was ZTE, down 7.35% after the telecommunications equipment maker reported a 5% year-on-year drop in income.
In other emerging markets, Turkey was the star performer, with the BIST National Index up 1.13% in local currency terms and 1.4% in dollar terms.
Most Asian markets fell, but Taiwan, Malaysia, Philippines and Pakistan all showed gains.