BEIJING (XFN-ASIA) - A summary of Greater China stock market trading Monday
CHINA
A-shares closed sharply lower as fund managers cut positions in large caps
such as PetroChina amid redemption pressure. PetroChina (SHA 601857; HK 0857),
the biggest index component, was down 5.71 pct at 19.83 yuan, dropping below 20
yuan for the first time. The benchmark Shanghai Composite Index closed down
170.39 points or 4.49 pct at 3,626.19. The Shanghai A-share Index was down
179.50 points or 4.51 pct at 3,804.83 and the Shenzhen A-share Index was down
40.43 points or 3.28 pct at 1,193.83. China B-shares closed lower, with
sentiment pressured by the sharp decline in the A-share market. Textiles led
B-shares lower after gains early in the day. The Shanghai B-share Index fell
2.13 points or 0.81 pct at 259.31 and the Shenzhen B-share Index fell 6.86
points or 1.25 pct to 544.32 on turnover of 246.27 mln hkd.
TAIPEI
Share prices closed sharply higher in active trade as investors cheered
opposition candidate Ma Ying-jeou's victory in Taiwan's presidential election
over the weekend. Gains were spread across the board, but dealers noted that
tourism and construction firms outperformed on hopes for more China-related
business following the election. The weighted index closed up 340.36 points or
3.99 pct at 8,865.35.
HONG KONG - Closed
fran.wang@xinhuafinance.com
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xfnfwang/xfnkm
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