Hong Kong Investors are afraid of Minsky moment in market

As Hong Kong's shares rose sharply on Friday, investors covered the selling shares of the previous session for cheap prices between the declining shares, which began in the context of a Chinese "Minsky moment".

On Friday, the Hang Seng index rose by 1.2 percent to 28,487.24 points, down by 1.9 percent on Thursday and the week ended almost.
Hong Kong China Enterprises Index rose 0.3 percent to 1.8 percent at 11,558.35 points compared to the week.

The Benchmark Hang Seng Index fell the most in two months on Thursday, because the observations of Zhou Xiaochuan, governor of the People's Bank of China, could threaten investors with greater enthusiasm, which could lead to "Minsky Moment". European stocks also suffered losses.

What is Minsky Movement?

In the name of economist Hermann Minski, a Minnesaki moment, a sudden drop in property prices, which occurs after long-term development, which increases with the pressure of debt or currency.
"Rebound shows that the market was wrong yesterday," said Robert Di, founder partner of asset manager RPower Capital.

Among the slowest growth indicators, Shanghai stocks fell in the lower levels of the week
Shares in Shanghai increased marginally on Friday, but ended the week's low level, according to official data, the growth in the third quarter slowed and after the softening of the property sales, China's economy has risen.

The Shanghai Composite index rose by 0.3 percent to 3,378.65, while the blue-chip CS3,300 index dropped 0.1 percent to 3,926.85.
Governor of the People's Bank of China, Zhou Xiaochuan, upset investor sentiment on Thursday, warning of the asset bubble in the world's second-largest economy. However, the shares acquired some of these deficits on Friday because market participants had told about more feedback from the previous session.

Zhang Yidong, the strategist of Chinese Brokerage Industrial Securities, has written in a report that reference to Zhou's "Minsky moment" was part of an analysis of systemic financial risk, and not about China's current economic situation.

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