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John Schofield
John Schofield
John Schofield is the founder of Tempus Investment Research

The suspension of so many mainland A shares is a positive development for the Hong Kong market, which once again proves it worth as a source of liquidity to be maintained in all conditions - albeit at a price. 

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Consolidation in the H-share market is well advanced and could be about to end. A sharp dip early this month soon found support in the vicinity of 2009, 2010 and 2011 highs just above 13,600 points. 

The underlying strength of the S&P 500 Index's multi-year bull run might just be about to reassert itself and break through the flat patch that has capped its progress since late February and left it in the unfamiliar position of underperforming the MSCI World Index.

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