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Markets often show perverse and unexpected behavior. There are times when the market anticipates bad news about a stock. When the bad news is announced, the price rises because the news is not as bad as anticipated.
About 2.79 billion non-tradable A-shares of 25 listed companies will be unlocked in the coming week and become available for trading starting Monday, according to the Shanghai and Shenzhen stock exchanges.
ChiNext, China's NASDAQ-style exchange for high-growth startups, has raised 184 billion yuan ($28.8 billion) since its launch in October 2009.
China's stock market is approaching its bottom, as the recent slump was triggered by the turmoil in the global capital market rather than a domestic slowdown.
China's stock index futures closed down on Friday with the contract for September, the most actively traded, down 0.47 percent from the previous trading day to 2,894.6 points.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, rose 9.86 points, or 1.05 percent, to close at 952.81 on Friday.
China's stocks end lower on Friday, tracking overnight losses on the Wall Street.
Groupon Inc CEO Andrew Mason, lashing out at what he called "insane" and "hilarious" criticism in the media, defended the daily-deals website's record and growth strategy in a lengthy memo to employees on Thursday.
Global emerging market private equity deal volume rose by 11 percent to $14.1 billion in the first half of 2011, and fundraising doubled to $22.6 billion.
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, rose 2.75 points, or 0.29 percent, to close at 942.94 on Thursday.
China's stock index futures closed higher on Thursday with the contract for September, the most actively traded, up 3.81 percent from the previous trading day to 2,912.8 points.
China Development Bank auctioned 16 billion yuan of one-year fixed-rate bonds in the interbank market on Thursday at a yield of 4.30 percent, traders said, within market expectations.
