China’s
stock-index futures fell amid speculation there may be more
market-cooling measures after the benchmark index rallied the most among
global equity gauges.
Futures
on the CSI 300 Index expiring in May, the most active contract, lost
0.3 percent to 4,746.60 as of 9:22 a.m. local time. Huaxia Bank Co. may
be active after the lender said a vice president is being investigated.
China Vanke Co. may advance after reporting a 39 percent jump in April
sales.
The
Shanghai Composite Index climbed 0.9 percent to 4,480.47 on Monday.
Huatai Securities Co. and Tebon Securities Co. raised requirements for
margin trading and short selling to control risks, the Shanghai
Securities News reported, without citing anyone. China may increase the
stamp tax on stock trading to boost fiscal revenue, the Securities Times
reported, citing a research note from Changjiang Securities Co.
Hong
Kong’s Hang Seng China Enterprises Index advanced 0.2 percent. The CSI
300 Index rose 0.8 percent. The Hang Seng Index lost less than 0.1
percent. The Bloomberg China-US Equity Index added 1.3 percent in New
York.
The
Shanghai Composite has advanced 39 percent this year, extending last
year’s 53 percent rally, on expectations the government will extend
interest rate cuts and speed up mergers of state-owned enterprises.
Source : Bloomberg
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