KPF Jogja – China’s stock-index futures rose on the first trading day after a holiday as funds continued to pour into equities amid optimism the government will do more to boost economic growth.
Futures on the CSI 300 Index expiring in April, the most active contract, gained 1.5 percent to 4,225 as of 9:19 a.m. local time. Brokerages may be active after the Shanghai Stock Exchange said it’s working on rules to allow investors to open separate accounts in different securities firms. CSR Corp. and China CNR Corp. may advance after the two trainmakers said their merger got regulatory approvals.
The Shanghai Composite Index climbed 1 percent to 3,863.93 on Friday, its highest since March 2008 and capping a 4.7 percent weekly advance. Mainland and Hong Kong markets were closed on Monday, with the latter resuming trading on Wednesday.
The CSI 300 Index rose 1.1 percent. The Bloomberg China-US Equity Index, the measure of the most-traded U.S.-listed Chinese companies, added 1 percent in New York.
The Shanghai Composite has jumped 89 percent over the past 12 months, spurred by monetary stimulus bets and increased use of leverage to buy stocks.
Source : Bloomberg
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