Chinese stocks, mainland and Hong Kong, slumping today

• Shanghai Composite is down over 1%, as is Shenzen.
• Hong Kong down 2%

News out of China is not too negative, the PMI improved:

• China Caixin Services PMI for January 52.9 (vs. 51.6 expected)

and travel between Hong Kong, Macau and the mainland is being made easier.

The discovery of a Chinese spy balloon over the continental US is not helping foreign sentiment towards China equities Equities Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p Read this Term on the session. Despite less frosty relations between the US and China in recent weeks and months this is setback.

Such balloons have been previously spotted over Hawaii and Guam.

The balloon is equipped with a guidance system.