China stock market  China’s stock-index futures rose after the Shanghai benchmark index climbed to the highest level since May 2008, extending its world-beating rally.
Futures on the CSI 300 Index expiring in March added 0.6 percent to 3,767 as of 9:15 a.m. local time. China Railway Construction Corp. and China Railway Group may be active after the companies said they have no plans to merge. PetroChina Co. may move after China International Capital Corp. advised investors to sell the stock. New home price data will be released at 9:30 a.m.
The Shanghai Composite Index advanced 1.6 percent to 3,502.85 on Tuesday as investors bet monetary stimulus will revive an economy beset by four years of slowing growth. The gauge has risen 73 percent during the past 12 months, recovering from a retreat since August 2009 that had wiped out more value than any other equity market worldwide.
The CSI 300 Index rose 1.4 percent. Hong Kong’s Hang Seng China Enterprises Index added 0.2 percent, while the Hang Seng Index fell 0.2 percent. The Bloomberg China-US Equity Index advanced 0.8 percent in New York on Tuesday.
Source: Bloomberg