Shanghai drove equities in the region to a 10-week high yesterday with financials and brokerages boosted by China announcing a long-awaited launch date for stock index futures trading.
The FTSE Asia-Pacific index rose 0.6 per cent to 238.90, its highest close since January 19, with the Shanghai Composite rising 2.1 per cent to 3,123.798, its best performance in seven weeks.
Beijing's move to develop its financial markets, with stock index futures trading set to begin on April 16, sparked a buying spree among financial heavyweights.
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