Hang Seng posts longest win streak; analysts weigh possible correction

CNBC| Wed Jan 10 22:00:06 EST 2018
The rise in the Hang Seng, which has risen more than 6 percent since its streak began in late December, was largely driven by large inflows into Hong Kong, analysts told CNBC. The introduction of the Shenzhen-Hong Kong Stock Connect at the end of 2016 was credited as one of the reasons for the Hang Seng's rally last year. The program, similar to the Shanghai-Hong Kong Connect, allows investors on the mainland and Hong Kong to invest in stocks listed in both markets. Capital from the mainland has continued to play a role in driving the Hang Seng higher in the first two weeks of 2018. According to Kenny Wen, a Hong Kong-based strategist at Everbright Sun Hung Kai, mainland investors upbeat abo..

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