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China rises on stimulus hopes

Feb. 10, 2015 2:34 AM ETFXI, PGJ, EWH, GXC, FXP, TAO, HAO-OLD, FCHI, XPP, YAO, CHIQ, CHII, YINN, YANG, CQQQ, QQQC-OLD, CHIX, CHIE, CHIM, YXI, ECNS, MCHI, FCA, EWHS, FHK, CXSE, KFYP, KWEB, ASHR, CHNA-OLD, KBA, ASHS, CN, CNXT, GLCNBy: Yoel Minkoff, SA News Editor
  • Chinese shares gained for a second day today as lower-than-expected inflation raised the prospect of further monetary easing.
  • China’s consumer-price index rose 0.8% on year in January, down from an already low 1.5% rise on year in December, according to data from the National Bureau of Statistics.
  • Producer prices, which have been dropping for nearly three years, declined 4.3% in January on year, the sharpest fall since late 2009.
  • The Shanghai Composite Index closed up 1.5% on the news at 3.141.27.
  • ETFs: FXI, EWH, KWEB, PGJ, YINN, GXC, FXP, ASHR, HAO, TAO, YANG, CHIQ, CQQQ, CHIX, MCHI, QQQC, PEK, XPP, YAO, YXI, CHXF, ECNS, FCA, CHII, CN, CHIE, CHIM, EWHS, FCHI, ASHS, KFYP, CNXT, CHNA, KBA, FHK

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