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Monday, May 5, 2014

China Stock Futures Little Changed; Developers May Be Active

Posted by PT KONTAK PERKASA FUTURES BALIKPAPAN On 7:53 PM No comments


China��s stock-index futures were little changed after benchmark gauges rose for three days.

Futures on the CSI 300 Index expiring in May added 0.1 percent to 2,155.40 as of 9:16 a.m. local time. NavInfo Co. may be active after Tencent Holdings Ltd. said it will buy a stake. Shanghai state-owned enterprises may move after the Shanghai Securities News said the city��s government may release a plan to reform more than 50 of those companies. Developers may be active after Credit Suisse Group AG said it expects their stocks to decline amid a downturn in the property market.

The Shanghai Composite Index added 0.1 percent to 2,027.35 yesterday. The CSI 300 Index declined 0.1 percent to 2,156.47. The Bloomberg China-US 55 Index, the measure of the most-traded U.S.-listed Chinese companies, retreated 0.5 percent in New York. Markets in Hong Kong are closed today.

Source : Bloomberg

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