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Asian Equities Affected by China Link Delay

Asian shares pared gains as Chinese stocks retreated on delays to a link between Hong Kong and Shanghai, while Brent crude fell. U.K. equity-index futures climbed with the euro as the European Central Bank said most lenders passed a study of bank balance sheets.

The MSCI Asia Pacific Index climbed 0.3 percent as of 11:06 a.m. in Tokyo. The Hang Seng Index dropped 1 percent as Hong Kong Exchanges & Clearing Ltd. plunged. Contracts on the FTSE 100 Index added 0.3 percent while the euro strengthened 0.2 percent. An exchange-traded fund of Brazilian shares plunged 6.8 percent after Dilma Rousseff won re-election. Wheat and soybean futures fell and oil in London slid 0.4 percent.

European bank shares and bonds may rally after the ECB found that none of Europe’s largest banks lacked the ability to withstand times of economic stress. Stocks in Hong Kong and Shanghai fell today after Charles Li, the chief executive officer of the Hong Kong bourse operator said yesterday he has no idea when authorities will give the green light for links between the markets to begin. Rousseff’s victory over an opponent viewed as more friendly to investors stretches her Workers’ Party’s rule to a record 16 years.

Bloomberg [1]

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