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

Update details:

- 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.

Print 05:31, 14 Dec 2012 - Asian News - Source: Newswires