$STANCHART(02888.HK) and $BOC HONG KONG(02388.HK) both rose slightly by about two percentage points. The story about Hong Kong's local interest rate spread is being told again as expectations for overseas interest rate hikes are warming up. $BANK OF CHINA(03988.HK), $CCB(00939.HK), $PING AN(02318.HK), and $CHINA LIFE(02628.HK) all showed little movement. Domestic banks and insurers remain as stable as a rock, as those following overseas interest rates and those following domestic policies have always been on two different rhythms. 😇
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