China’s stock-index futures were little changed as the Shanghai Composite Index headed for the biggest weekly gain in a month.
Futures
on the CSI 300 Index expiring in March, the most active contract, fell
less than 0.1 percent to 3,614.60 as of 9:18 a.m. local time. SAIC Motor
Corp., China’s largest carmaker, may move after the company signed an
agreement with Alibaba Group Holding Ltd. to set up a fund to promote
the development of Internet-enabled cars.
The
Shanghai Composite Index climbed 1.8 percent to 3,349.32 on Thursday
and the CSI 300 Index rose 1.9 percent. Hong Kong’s Hang Seng China
Enterprises Index advanced 1.3 percent. The Hang Seng Index gained 0.3
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.
Economic
data released this week showed growth in aggregate finance and money
supply exceeded estimates, while industrial output, retail sales and
fixed-asset investment all trailed projections.
Margin
traders increased holdings of shares purchased with borrowed money for a
twelfth day on Thursday, with the outstanding balance of margin debt on
the Shanghai Stock Exchange rising by 1.6 percent to a record 878.1
billion yuan.
Source: Bloomberg
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