Seeking Alpha

Shanghai rises to summer high

  • Last night's 1.4% gain was led by military-related names amid speculation the government is set to boost defense spending after weekend comments from President Xi Jinping.
  • Over the weekend, China's HSBC PMI fell to a 3-month low of 50.2 in August, about inline with a preliminary read of 50.3. China's official PMI of 51.1 fell from July's 51.7 and came in vs. expectations of 51.2.
  • ETFs: FXI, PGJ, GXC, YINN, FXP, YANG, MCHI, XPP, YAO, YXI, CHXF, CN, FCA
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