China’s stock-index futures fell amid concern a flood of share sales may lure funds away from existing equities.
Futures on the CSI 300 Index expiring in June, the most active contract, slid 1.3 percent to 5,162.20 as of 9:20 a.m. local time.
The Shanghai Composite Index dropped 2 percent to 5,062.99 on Monday. The CSI 300 Index declined 2.1 percent. Subscriptions for 25 A-share initial public offerings including Guotai Junan Securities Co. may tie up 6.68 trillion yuan ($ 1.08 trillion) of liquidity starting Wednesday, according to the median estimate of six analysts surveyed by Bloomberg. Funds to be locked up may be the highest since January 2014 when China resumed IPO approvals, according to China International Capital Corp. and Guotai Junan.
Source : Bloomberg