Futures on the CSI 300 Index expiring in April, the most active contract, lost 0.3 percent to 3,961.40 as of 9:16 a.m. local time. Agricultural Bank of China Ltd. may move after posting an unexpected decline in fourth-quarter earnings. China Life Insurance Co., the nation’s biggest insurer, may advance after saying profit rose 30 percent last year.
The Shanghai Composite Index climbed 0.1 percent to 3,691.41 for a 10th day of gains on Tuesday. The winning streak was the longest since a 14-day stretch in May 1992. The CSI 300 Index rose less than 0.1 percent. Combined turnover in Shanghai and Shenzhen stock exchanges jumped to an all-time high on Tuesday, while new account openings surged to a record 1.14 million last week.
Hong Kong’s Hang Seng China Enterprises Index fell 1.4 percent, while the Hang Seng Index lost 0.4 percent. The Bloomberg China-US Equity Index, the measure of the most-traded U.S.-listed Chinese companies, added 0.2 percent for a seventh day of gains in New York on Tuesday.
The Shanghai Composite has gained 14 percent this year, extending last year’s 53 percent advance, amid speculation the government will add to two cuts in interest rates and one reduction in lenders’ reserve-requirement ratios since November to shore up growth.
Source: Bloomberg
PT. Kontak Perkasa Futures Yogyakarta
Written by: Kontak Perkasa Futures
PT.Kontak Perkasa Futures, Updated at: 9:32 AM
Post a Comment