China’s stock-index futures fell amid speculation there may be more market-cooling measures after the benchmark index rallied the most among global equity gauges.
Futures on the CSI 300 Index expiring in May, the most active contract, lost 0.3 percent to 4,746.60 as of 9:22 a.m. local time. Huaxia Bank Co. may be active after the lender said a vice president is being investigated. China Vanke Co. may advance after reporting a 39 percent jump in April sales.
The Shanghai Composite Index climbed 0.9 percent to 4,480.47 on Monday. Huatai Securities Co. and Tebon Securities Co. raised requirements for margin trading and short selling to control risks, the Shanghai Securities News reported, without citing anyone. China may increase the stamp tax on stock trading to boost fiscal revenue, the Securities Times reported, citing a research note from Changjiang Securities Co.
Hong Kong’s Hang Seng China Enterprises Index advanced 0.2 percent. The CSI 300 Index rose 0.8 percent. The Hang Seng Index lost less than 0.1 percent. The Bloomberg China-US Equity Index added 1.3 percent in New York.
The Shanghai Composite has advanced 39 percent this year, extending last year’s 53 percent rally, on expectations the government will extend interest rate cuts and speed up mergers of state-owned enterprises.
Source : Bloomberg