(Bloomberg) — Chinese financial markets will trade for the first time this month on Friday and for once, investors can look forward to a relaxed start.
The yuan is up 0.7% in offshore trading since its onshore counterpart last traded on Sept. 30, signaling more gains are ahead after the currency’s best quarter since 2008 versus the dollar. Eyes will be on how the People’s Bank of China responds with its 9:15 a.m. yuan fixing. It has recently allowed for a stronger currency, while at times acting to limit volatility.
FTSE China A50 Index futures have risen 2.2% since the $9.4 trillion mainland stock market last traded. The Hang Seng China Enterprises Index, a gauge of mainland companies listed in Hong Kong, has gained 2.4% in that time.
Also, a large maturity scheduled for Friday shouldn’t