News Headline Summary
Shanghai Comp continues to soar (+4.18%) on better than expected HSBC Manufacturing data and hopes for supportive policies from this weekend's central policy meeting
Analysis details (00:36)
- The market is gaining momentum on expectations that the upcoming Central Economic Work Conference may release an official target for 2013 GDP growth and offer a more detailed policy for urbanization, which will boost investment.
- Chinese HSBC Flash Manufacturing PMI (Dec) M/M 50.9 vs. Exp. 50.8 (Prev. 50.5), a 14-month high and the fifth straight monthly gain.
14 Dec 2012 - 00:30
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