Chinaâ€™s stock-index futures fell after the benchmark index surged to a four-year high yesterday.
Futures on the CSI 300 Index expiring in January, the most active contract, lost 1.9 percent to 3,377.40 as of 9:27 a.m. local time. Zijing Mining Group Co. may drop after saying its controlling stakeholder cut its stake in the company. Leshi Internet Information & Technology (Beijing) Co. may gain as exectutives plan to buy up to 510,000 shares over six months.
Hong Kongâ€™s Hang Seng China Enterprises Index rose 3 percent to 11,744.02 yesterday, the most since Dec. 4. The ChiNext index, dominated by technology and drug stocks, slumped 4.9 percent. The China Securities Regulatory Commission is probing companies and individuals involved in suspected market manipulation on 18 stocks and has set up a task force, the regulator said in a Dec. 19 statement on its microblog, citing an unnamed spokesman. Most of these stocks are small companies listed in Shenzhen, according to the statement.
The CSI 300 Index climbed 0.3 percent. The Hang Seng Index gained 1.3 percent. The Bloomberg China-US Equity Index added 1 percent in New York.
Source : Bloomberg