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Presumed monetary easing moves stocks in China

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advance9 April 12, 2012 (Chinavestor) China's first quarter GDP will be out on Friday and investors expect it showing a slow down, giving way for monetary easing. And that was holy mantra for investors in Shanghai where the Shanghai Composite index (SHA:000001) surged 41.9 points or 1.8%, the most in two months. Investor turned optimistic in Hong Kong as well, sending the Hang Seng Index (INDEXHANGSENG:.HSI) 186.7 points or 0.9% higher for the day. Earnings from Alcoa Inc. (NYSE:AA) lifted investors sentiment in the U.S. and that momentum carried over to Asia overnight.  Next mover may be Google Inc. (NASDAQ:GOOG), a company that will report earnings today after the close. Check out how to benefit from increased Google Inc. (NASDAQ:GOOG) volatility.

Back to Asia overnight. The rally was universal in Shanghai, all the 50 largest components of the Shanghai Composite index (SHA:000001) advanced. Chinese securities and insurance companies rose on improved market outlook. The index itself is trading at the 2300 range, far from the 6000 it reached in 2007.

There was a similarly broad rally in Hong Kong. all but four components of the 42 member Hang Seng Index (INDEXHANGSENG:.HSI) rose for the day.

pre_20120412

Chinese stocks led the advance in Hong Kong as the following screen testifies. All but two components of the Xinhua 25 Index rose, indicating the strength of the rally. Chinese financial institutions rose ahead of expected monetary easing, coupled with news that new loans surged and money supply quickened.

pre_20120412_etf



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