China Overseas Land and Investment (HK 688), which develops properties and infrastructure overseas, is the top performer (+2%) today in the MSCI Asia APEX 50 Index (+0.58%). Among China H-shares, the two top gainers also are infrastructure firms: China Vanke (HK 2202) up 4.4% and China Railway Construction up 2%. HSCEI is up 0.58%, Taiwan (+0.57%), KOSPI (+0.61%). Thailand, Indonesia, the Philippines and Vietnam were down marginally. Asian currencies were close to unchanged.
Infrastructure leads Asian markets again
China H-shares led by Vanke and China Railway Construction were up 0.58, while Thailand, Indonesia, the Philippines and Vietnam were slightly down.