Signing Commercial agreement with Sri Lanka Land Reclamation and Development Corporation a body Corporate established under the Sri Lanka Land Reclamation and Development Corporation Act No. 15 of 1968 as amended by Law No. 27 of 1976, Act No. 52 of 1982 and 35 of 2006 a in the Democratic Socialist Republic of Sri Lanka for Sea Sand Purification Project
TOTAL INVESTMENT USD 2.00 Million In 1st Stage
Hong Kong and Chinese share futures mixed despite strong Wall Street performance
Hong Kong markets are poised to open higher while China looks mixed after a decent performance on Wall Street with US markets rising overnight on an uptick in new manufacturing orders and improving construction data.
Hang Seng November futures are up 0.7 per cent, 157 points, at 22,514 and H-shares November futures are 96 points higher, up 0.93 per cent, at 10,375. The FTSE China A50 November futures are also up 70 points, 0.7 per cent, at 9,920 while CSI 300 November futures are down 1.4 per cent, 49.2 points at 3,398.40.
The varied outlook comes a day after the two markets both fell on disappointing Chinese manufacturing data.
The Dow Jones Index ended Monday up 0.94 per cent at 17,828.76, while the S&P 500 added 1.19 per cent to 2,104.05. The Nasdaq rose 1.45 per cent to 5,127.15, its highest close since 2000. A resurgent tech sector also filliped Chinese American Depository Receipts with Alibaba up 0.61 per cent at US$ 84.34 and Baidu 4.12 per cent higher at US$ 195.19.
ADRs for two Chinese firms, China Ming Yang Wind Power Group and SORL Auto Parts, both reacted to news the firms were going private in two separate deals. China Ming Yang fell 4.1 per cent to US$ 2.13, while SORL Auto rose 4.3 per cent. A total of 34 Chinese companies have gone private this year, according to Bloomberg, extending a trend that began several years back after US investors cooled towards Chinese ADRs after several high profile accounting scandals.