Bloomberg, (11/11) -- China’s stock-index futures fell after economic reports over the weekend including inflation.Futures
on the CSI 300 Index expiring in November lost 0.2 percent to 2,310 as
of 9:22 a.m. local time. China Vanke Co. and Poly Real Estate Group Co.
may decline among developers on concern the government is strengthening
measures to rein in the property market. Suning Commerce Group Co., an
online retailer, may advance as consumers look to the Internet for
bargains on Singles’ Day, one of China’s biggest shopping days of the
year.The Shanghai Composite Index dropped 1.1 percent to
2,106.13 on Nov. 8, capping a 2 percent decline last week. Industrial
output rose 10.3 percent from a year earlier in October, according to
data released Nov. 9 by the National Bureau of Statistics. Inflation was
3.2 percent last month, producer prices fell 1.5 percent from a year
earlier and retail sales rose 13.3 percent.The CSI 300 Index
declined 1.4 percent to 2,308 on Nov. 8. The Hang Seng China Enterprises
Index retreated 0.8 percent. The Bloomberg China-US Equity Index added
1.1 percent in New York.The Shanghai index has dropped 13
percent from this year’s high set on Feb. 6 on concern economic growth
will slow in the fourth quarter. The measure trades at 8.4 times
projected profit for the next 12 months, compared with the seven-year
average of 15.3, according to data compiled by Bloomberg. The China’s
economy entered the final quarter of 2013 with an acceleration in
manufacturing and exports, momentum that offered confidence to Communist
leaders gathering to determine policy shifts for the coming decade.
