Chinese equities closed lower Wednesday. The benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed down 0.66 percent, or 20.21 points, at 3,048.93 points.
Gold hardly moved on Tuesday as early bargain hunting subsided, and dealers said a weaker US dollar was probably needed to help the metal break free from its current range.
Chinese equities closed 0.56 percent higher on Tuesday, driven by property shares gains on upbeat market estimates.
The Hang Seng China Enterprises Index on the Hong Kong Stock Exchange jumped 275.43 points, or 2. 31 percent, to close Monday's trading at 12,202.80.
China Life Insurance Co, the world's biggest life insurer by market value, on Tuesday revised up its 2009 net profit growth forecast to more than 200 percent from 2008, citing accounting rule changes.
Much to the chagrin of believers in "value investing", there's no doubt that a good story alone can move prices.
The mainland's stocks rose for a second day on the prospect the government may delay withdrawing stimulus to support the economy and won't announce additional measures to crack down on the property market.
China Southern Airlines Co, the country's largest carrier, said it planned to raise no more than 10.75 billion yuan ($1.57 billion) through private issue of Shanghai and Hong Kong-listed shares.
The Shanghai Stock Exchange (SSE) has completed the draft listing and trading rules of its international board which will allow overseas companies to float shares in China's A-share market, Geng Liang, the exchange's chairman, said on Monday.
China Publishing Group Corp, a large State-owned publishing group, has begun preparing for a whole listing and planned to float on the A-share market by the end of this year as previously scheduled, the China Business News reported on Sunday.
Hong Kong stocks gained 408.9 points, or 1.97 percent to close at 21,196.87 Monday, trailing gains overnight on Wall Street after the better-than-expected unemployment numbers released by the US government.
The ChiNext went up Monday as 56 of the 58 stocks at China's start-up board for small and medium-sized enterprises gained.