Infrastructure leads Asian markets again
China H-shares led by Vanke and China Railway Construction were up 0.58, while Thailand, Indonesia, the Philippines and Vietnam were slightly down.
China Overseas Land and Investment (HK 688), which develops properties and infrastructure overseas, is the top performer (+2%) today in the MSCI Asia APEX 50 Index (+0.58%). Among China H-shares, the two top gainers also are infrastructure firms: China Vanke (HK 2202) up 4.4% and China Railway Construction up 2%. HSCEI is up 0.58%, Taiwan (+0.57%), KOSPI (+0.61%). Thailand, Indonesia, the Philippines and Vietnam were down marginally. Asian currencies were close to unchanged.