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h shares in now and hong kong up by .5%. pretty marginal gains here in the last half hour or so with it brings us near the top of the 2015 bubble. on the other of the argument hsbc is cutting china to neutral f this rally. something to keep in mind as we take a breather here from the exuberance we ve seen in chinese stocks. one more thing we re watching is the hong kong dollar. now $15.7 billion hong kong has been injected into the system there. solid that pair and the renminbi with a six handle for the first time since march. the strength of the renminbi certainly helping the equity markets as well. and gold still holding. some breaking news from sri lanka, the federal bank cutting its lending rate to 5.5%. it s a big cut, a 100 basis point cut bigger than expected. economy expanding at a pace of 3.8% in 2021. much bigger than anticipated. let s dig deeper into the ofkets and bring in ahead for-pacific thank you joining us. let s talk about china. it s going gangbusters in
New-yorkUnited-statesMalaysiaAustraliaTaiwanJapanPhilippinesShanghaiChinaHong-kongVietnamRepublic-of last year s revenue went through china. alibaba moves a step closer to a share sale in hong kong. the impending offer could raise as much as $20 billion. shery: let s get you started with a quick check on how markets closed. the s&p 500 finishing at the highest level in five weeks. the nasdaq, the highest level in a month. reversingtors yesterday s office to gain ground in yesterday s session. most were in the green. they were led higher by energy stocks. take a look at wti. wti prices gained as much as 4.5% at one point. apparent attacks onto tankers on two tankers building up the tension in the persian gulf and leading investors to get worried about supply around oil. and we saw now on crude, jumping 2% in the last two sessions. u.s. futures at the moment unchanged. let s see how we are shaping up to the asian markets. sophie: this friday, we re facing a mixed session with type and commodity sectors in focus. get activity data from china later this morning. investors will
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