Traders will be watching for a Chinese inflation report on Monday morning and to see how a vow by China's Jiabao to prevent a rebound in property prices will play out in the market. Plus, some key earnings.
The Shanghai Composite Index gained 1 percent to end at 2223.58 on Friday in volatile trading as investors digested the implications of Thursday's rate cut. The benchmark index slipped 0.1 percent for the week, it was the third week of losses.
China's bureau of statistics will release June inflation data on Monday at 9:30am Beijing time; CPI is expected to be well below 3 percent, while PPI is estimated to have fallen more than 1 percent. Trade data will be issued Tuesday, while on Friday the statistics bureau will unveil other June numbers (GDP, retail sales, industrial production, fixed asset investment) at the quarterly press conference at 10am Beijing time.
Property stocks rallied last Friday after China
China Railway Materials has published its IPO prospectus; the logistics firm plans to raise 6 billion Yuan in a dual listing in Shanghai and Hong Kong. The deal value is sharply lower than an original estimate of 14.7 billion yuan.
Stocks to Watch
Wuliangye - The liquor maker expected first half net profit to have increased 50 percent.
Shanghai Jahwa United - Jahwa, Shanghai's best known maker of household goods such as shampoos, says it expects first-half earnings to have jumped more than 70 percent thanks to strong sales and an investment gain at a subsidiary.
—By Cheng Lei, CNBC Asia Pacific