The Hang Seng Index is at a six-year high and looks on track to breaking new ground. China H-Shares also looks set to extend its positive streak this week, after gaining 3.47% over the past three days and closing at 11.193.89 points on Wednesday.
Over the past week, some China economic data fell short of expectations, but this does not appear to have dampened the optimism in Chinese shares.
On a year-on-year basis, we saw industrial production in July grow at a slower pace, 9% versus 9.2% in the prior month. Retail sales growth also dipped a notch to 12.2%, from 12.4%.