China’s Stock-Index Futures, ETFs Rise After Interest-Rate Cut
China Turns to Policy Moves to Combat Market Rout
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China’s stock-index futures and exchange-traded funds tracking the country’s shares jumped after the central bank cut its benchmark lending rate for the fifth time since November.
Contracts on the SGX FTSE China A50 Index gained 4.9 percent at 2:20 p.m. in New York, while Hang Seng China Enterprises Index futures climbed 3 percent. The Deutsche X-trackers Harvest CSI 300 China A-Shares ETF advanced 2.2 percent to $30.79 in its first rally in four days, and a Bloomberg gauge of the most-traded Chinese companies trading in the U.S. rose for the first time in seven days, led by Internet and solar stocks.