While Chinese stocks weakened in the middle of the trading week, the Hong Kong stock market strengthened solidly. Chinese markets reacted to worse-than-expected inflation data, and Hong Kong set out on a wave of purchases of technology and development stocks.
The Shanghai Stock Exchange reached its highest level in three months in the middle of this trading week. It was dragged up by growing fears of rising inflation and thus a possible tightening of monetary policy that would conserve the country's economic recovery after the coronavirus crisis.