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 - Data - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: