CHINA-Shanghai Comp : The Chinese stock market continues to rise: Tracking analysis of 2/10/2012 :
02/22/2012 | 08:11am US/Eastern
The Chinese stock market is rising this morning, reassured by an index of purchasing managers in contraction but at its highest level in four months.
The Chinese PMI purchasing managers to measure the country's industrial activity is, indeed, stood at 49.7 in February, against 48.8 in January.
According to our analysis of 2/10/2012, we remain positive on the index closing in Asia this morning, up nearly 1% around 2400 points. While crossing up 2420 points, it could cause a gradual upward acceleration towards 2600 points to 3000 points then.