Late afternoon buying on rumors the government was considering raising fuel oil prices reversed the stock market's slide, pushing the Shanghai benchmark index up 2.93 percent.
Hong Kong stocks held steady yesterday as fears eased over the economic impact of the devastating earthquake in Sichuan province, offsetting concerns over record high oil prices and pessimistic comments by the US Federal Reserve.
Aluminum Corp of China and Tencent Holdings Ltd rose in Hong Kong trading yesterday on their planned inclusion in the city's benchmark Hang Seng Index.
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Raymond Zhou
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