Chinese stocks rise on launch of futures trading

Chinese stocks hit a nine-week high on the announcement of when long-awaited stock index futures would start trading. Blue chip shares led the way.

On Friday, Chinese regulators announced that stock index futures trading would begin on April 16. The hope among investors is that futures trading will boost stock prices. The sentiment sent the Shanghai Composite above 3,100 points today.

Comments
comments powered by Disqus