China’s benchmark stock index is set to advance at the start of trading.
The Shanghai Composite Index climbed ahead of the open, adding 0.3 percent to 3,193.54 at 9:25 a.m. local time. The gauge has risen 4.3 percent since financial markets resumed trading on Thursday. Consumer companies may advance after restaurant, cinema and travel sales surged during the “Golden Week” national holiday.
The CSI 300 Index rose 1.3 percent. Hong Kong’s Hang Seng China Enterprises Index advanced 1.2 percent. The Hang Seng Index gained 0.5 percent. The Bloomberg China-US Equity Index, the measure of the most-traded U.S.-listed Chinese companies, added 0.5 percent in New York.
China will release export and consumer-price data on Tuesday and Wednesday respectively. Overseas shipments probably dropped 6 percent last month from a year earlier, while the inflation rate slowed to 1.8 percent, according to the median estimates of Bloomberg surveys.
Sales at restaurants and retailers amounted to 1.082 trillion yuan during the Oct. 1 to 7 holiday, according to the Ministry of Commerce. That was an 11 percent jump from a year earlier.
The Shanghai Composite has rebounded 8.7 percent since an August low after a rout that erased almost $5 trillion. The index is valued at 12.3 times 12-month projected earnings, compared with the five-year average multiple of 10.3, according to data compiled by Bloomberg.