Shanghai-Hong Kong September stock link trading at 7-month low

      

The Shanghai-Hong Kong Stock Connect saw both northbound and southbound trading fall in September to the lowest level since February.

PHOTO: REUTERS

OCT 3, 20151:48 PM

[HONG KONG] The Shanghai-Hong Kong Stock Connect saw both northbound and southbound trading fall in September to the lowest level since February.

Northbound volume dropped 32 percent to 81.9 billion yuan (S$18.5 billion) from 121 billion yuan in August, according to data from the Hong Kong Stock Exchange. Southbound turnover slumped 50 percent to HK$25.3 billion (S$4.7 billion) from HK$51 billion.

The cross-border stock link, which started last November, allows mainland investors to buy Hong Kong stocks and permits more foreign access to the world's second-largest equity market.

A similar connect between the Shenzhen and Hong Kong bourses may be delayed until 2016 as China is more focused on stabilizing its stock rout, according to 10 of 13 analysts surveyed by Bloomberg.

BLOOMBERG