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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 Holdings4.010-0.020
Avarga0.325-0.040
Avi-Tech Electronics0.405-0.005
Best World Int.1.360-
China Sunsine0.5000.015
Food Empire0.9150.005
Golden Energy0.152-0.003
GSS Energy0.059-0.002
InnoTek0.700-
ISDN Holdings0.560-0.015
ISOTeam0.1280.004
IX Biopharma0.240-0.005
JB Foods0.5800.015
KSH Holdings0.340-
Leader Env0.170-
Medtecs Intl1.000-0.100
Moya Asia0.071-0.001
Nordic Group0.2450.005
Oxley Holdings0.235-
Procurri0.285-
REX International0.1730.001
Riverstone1.360-
Roxy-Pacific0.350-
SingMedical0.3850.005
Sri Trang Agro2.240-0.010
Straco Corp.0.535-0.025
Sunpower Group0.795-0.005
The Trendlines0.087-0.002
UG Healthcare0.615-0.030
Uni-Asia Group0.605-
Wilmar Intl5.3500.070
Yangzijiang Shipbldg1.0800.010
Yinda Infocomm0.120-

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