China’s Stock-Index Futures Rise Before Industrial Profits Data

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China’s Stock-Index Futures Rise Before Industrial Profits Data

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PT. Equityworld Futures – China™s stock-index futures rose before the release of industrial profits data.

Futures on the CSI 300 Index expiring in February, the most active contract, gained 0.6 percent to 3,641.40 as of 9:20 a.m. local time. The statistics bureau is due to release data on December and full-year industrial profits at 9:30 a.m. Profits fell 4.2 percent in November. CSR Corp., China™s top train maker, may advance after saying it won contracts worth 21.1 billion yuan ($3.4 billion).

The Shanghai Composite Index climbed 0.9 percent to 3,383.18 yesterday. Hong Kong™s Hang Seng China Enterprises Index fell 0.3 percent to 12,228.16. The CSI 300 Index rose 1 percent. The Hang Seng Index gained 0.2 percent. The Bloomberg China-US Equity Index, the measure of the most-traded U.S.-listed Chinese companies, added 0.2 percent in New York.

The Shanghai index has gained 65 percent over the past year, making it the best performer among 93 global indexes tracked by Bloomberg, on speculation the central bank will ease monetary policy to support the economy. The measure is valued at 12.7 times 12-month projected earnings, the highest level since April 2011, according to data compiled by Bloomberg. The H-shares gauge has risen 20 percent during the same period.

Sumber : ewfpro.com

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