Salient to Investors:

The biggest Chinese ETF in the US climbed to a six-month high on expanding factory output. Chinese manufacturing expanded for the first time in three months in October.

Audrey Kaplan at Federated Global Investment Mgmt said confidence in Chinese equities is picking up and it looks like the beginning of a rally. Kaplan said the MSCI China Index may climb at least 15 percent in 2013.

Analysts forecast the yuan to depreciate 1 percent against the dollar by year-end as the currencies of Brazil, India and Russia strengthen.

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