China’s stocks rose on their first day of trading after a weeklong holiday as rallies for technology and small-company shares overshadowed manufacturing and services data signaling an economic slowdown.
China’s stocks rose, with the benchmark index for mainland companies in Hong Kong surging the most since December 2011, after the government pledged to ease the one-child policy and boost private investment as part of the biggest package of economic reforms since the 1990s.
An explosion at a China Petroleum & Chemical Corp. oil pipeline and the nation’s deadliest spillage since at least 2005 may threaten the government’s efforts to lure investment to state-controlled industries as President Xi Jinping called for improved industrial safety.
Erwin Sanft, deputy head of Asian Equities Research at BNP Paribas SA in Hong Kong, comments on the European sovereign debt crisis and Asian equities in an interview on Bloomberg Television today in Hong Kong.
China stocks rose, with the benchmark index extending a monthly rally, after manufacturing expanded at the fastest pace in six months and companies from China Shenhua Energy Co. to China Construction Bank Corp. posted higher profit.
Erwin Sanft, chief strategist for pan-Asia equities at BNP Paribas SA, comments on Asian equities in an interview on Bloomberg Television in Hong Kong. He is overweight on China, India and South Korea, meaning investors should buy more shares than are represented in benchmark indexes. He is underweight on Indonesia, an equivalent of a sell rating.