China's CSI 300 Index Surges by Most in Six Months: World's Biggest Mover

(Bloomberg) -- China stocks rose the most in six
months, led by Shenzhen Development Bank Co. and Citic Securities
Co., on speculation the government will take measures to support
the market after the benchmark index fell for a third week.

The CSI 300 Index climbed 172.85, or 4.9 percent, to close
at 3710.28, its biggest gain since Jan. 15 and the largest
percentage move among markets included in global benchmarks.
Tianjin FAW Xiali Automobile Co. was one of 15 stocks on the
index that advanced by the daily limit.


Read more at Bloomberg Stocks News

China's CSI 300 Index Declines, Set for Longest Losing Streak This Year

(Bloomberg) -- China's key stock index fell in
volatile trade, set for its longest losing streak this year, amid
signs investor demand for equities is cooling. China Merchants
Bank Co. and China Vanke Co. dropped.

The CSI 300 Index fell 18.34, or 0.5 percent, to 3745.73 as
of the 11:30 a.m. local-time break, dropping for its third
consecutive day and erasing gains of as much as 1 percent. It
last declined for three days in the period ending Dec. 8.


Read more at Bloomberg Stocks News

China Prepares Stock-Index Futures to Help Investors Hedge Financial Risks

(Bloomberg) -- China published rules for stock-index
futures, paving the way toward financial products that will let
investors hedge risk in a market that's almost doubled this year.

The China Financial Futures Exchange said investors are
required to put up 10 percent of a contract's value to buy, sell
or short-sell CSI 300 Index-based futures, according to rules on
the exchange's Web site. No date was given for when the products
will start trading.


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Copper Falls in Shanghai Amid Concern China May Move Again to Cool Economy

(Bloomberg) -- Copper prices fell for a second day in
Shanghai amid concern that China may introduce further measures
to slow economic growth, curbing demand in the world's biggest
consumer of the metal.

China may raise lending and deposit rates at least once more
this year to cool investment and curb asset bubbles, according to
a Bloomberg survey of economists on June 5. The central bank last
month raised interest rates for the second time this year, and
the benchmark CSI 300 Index of Chinese shares has plunged 12
percent since closing at a record 4168.29 on May 29.


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China's Stocks Plunge to Their Lowest in Three Weeks; Huadian Power Falls

(Bloomberg) -- China's stocks fell to a three-week
low after official media said the slide in shares since stamp
duty was tripled last week is ``within expectation,'' suggesting
the government won't act to stem the decline.

The CSI 300 Index dropped 3.7 percent to 3664.35 as of 11:30
a.m. local-time break, set for its lowest close since May 15.
It's lost 12 percent from its May 29 peak after the government
raised the tax on share trades to 0.3 percent. About 30 companies
in the measure, including Huadian Power International Corp., fell
by the 10 percent daily limit today.


Read more at Bloomberg Emerging Markets News

China's CSI 300 Index Slides on Concern Government May Impose More Taxes

(Bloomberg) -- China's shares fell, erasing earlier
gains, on concern the government may impose more taxes to cool the
market after a tripling of the duty on securities trades failed to
deter new investors.

Bright Dairy & Food Co. and Dongfeng Automobile Co. were among
about 100 stocks in the CSI 300 Index that plunged by the 10
percent daily limit. The index slid 3.2 percent to close at
3803.95, after climbing as much as 2.2 percent.


Read more at Bloomberg Stocks News

China's CSI 300 Drops Mmost in Three Months After Transaction Tax Tripled

(Bloomberg) -- China's stocks tumbled the most in three
months after the government tripled the tax on securities
transactions to cool a rally that's drawing more than 300,000 new
investors a day.

The CSI 300 Index dropped 281.83, or 6.8 percent, to close at
3886.46 in Shanghai. The value of local stocks has more than
doubled this year to $2.47 trillion and brokerage accounts topped
100 million for the first time this week.


Read more at Bloomberg Stocks News

Korean Won Rises, Reversing Drop, as Benchmark Stock Index Pares Losses

(Bloomberg) -- South Korea's won gained as the
nation's benchmark stock index pared losses, easing concern
investors will shun emerging-market assets.

The won reversed a slide of as much as 0.3 percent on
speculation overseas investors will keep putting funds into the
region as China's CSI 300 Index rose to a record. The won rose
1.3 percent this quarter as so-called net purchases by fund
managers abroad were 10 times more than in the first quarter.


Read more at Bloomberg Currencies News