DJ MARKET TALK: May HSI Futures +1.4%; Ends At Big Discount

Discussion in 'Index Futures' started by ASusilovic, May 6, 2009.

  1. 0947 [Dow Jones] May HSI futures +1.4% at 16,869, as cash market may open higher, tracking gains in U.S. stocks. Still, contract ended yesterday at 200-point discount to cash, is first time recently that futures ended at deeper-than-fair discount, indicating players anticipating near-term HSI pullback. May fair basis about 165-point discount to cash with Swire Pacific (0019.HK) going ex-dividend today; open interest increases 3,642 lots to 89,731.(RLI) Contact us in Singapore. 65 64154 140; Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: You can use this link on the day this article is published and the following day. (Delayed by 1 hour) -0- Copyright (c) 2009 Dow Jones & Company, Inc.

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