Tuesday, March 5, 2013

China shares rebound as money rates dip, property stays weak





China shares rebounded from a two-month closing low on Tuesday, lifting Hong Kong markets, led by banks as concerns about policy tightening ebbed after the central bank refrained from draining funds following a sharp dip in rates in the money market.


But gains came in volumes weaker than Monday, when new curbs on the Chinese property sector had roiled markets. Strength in counters with greater earnings resilience further pointed to lingering caution.









via Business feed http://www.scmp.com/business/money/stock-talk/article/1179358/china-shares-rebound-money-rates-dip-property-stays-weak

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