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Hard Sell? Talk of a stronger yuan is raising markets... and eyebrows

CHINESE A-SHARES were sharply higher today, with the benchmark Shanghai Composite Index up 2.90% at 2,586.21 and the Shenzhen index jumping by an even newsier 3.44%.

Meanwhile, shares in Hong Kong added 0.74% to finish today at 20,286.71.

However, rumblings of a decided lack of substance, specifics and a lack of action related to Beijing’s three-day old announcement that it would liberalize the yuan-dollar exchange rate are beginning to temper market enthusiasm somewhat. Read more...

Share Prices

Counter NameLastChange
AEM Holdings3.6600.090
AusGroup0.023-0.001
Avi-Tech Electronics0.445-
Best World Int.1.360-
CEI0.855-
China Sunsine0.320-0.015
CNMC GoldMine0.320-0.015
CSE Global0.5100.030
Food Empire0.510-0.010
Golden Energy0.155-
GSS Energy0.061-0.002
ISDN Holdings0.2900.025
ISOTeam0.142-0.002
IX Biopharma0.2800.010
JB Foods0.595-
KSH Holdings0.330-0.015
Medtecs Intl1.0100.110
Moya Asia0.0720.013
Nordic Group0.210-
Oxley Holdings0.210-0.005
Procurri0.295-0.005
REX International0.181-0.001
Riverstone3.9900.230
Roxy-Pacific0.3250.005
Sing Holdings0.370-
SingMedical0.2600.005
Straco Corp.0.470-
Sunningdale Tech1.0400.030
Sunpower Group0.4600.015
The Trendlines0.1050.001
Tiong Seng0.160-
Uni-Asia Group0.470-0.020
Yangzijiang Shipbldg0.895-0.020

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