A series of tightening
monetary policies released last Friday did not pressed the Chinese shares down
today. On the contrary, the benchmark Shanghai Composite Index closed at
4,072.23, up 41.97 points or 1.04 percent.
The lower opening from 3,902.35 was the only response to the tightening. The
index started a steady growth during the afternoon session. Through the whole
day, it went within a range from 3,892.98 to 4,083.42.
The Shenzhen Component Index tracking the smaller Shenzhen Stock Exchange,
however, closed at 12,269.20, up 169.10 points or 1.40 percent, on the third
record-breaking day in a row since last Thursday. It opened also lower and went
through the day within a bound between 11,663.48 and 12,356.85. Of the A shares,
431 closed up, 86 went down and 92 ended flat.
(For more biz stories, please visit Industry Updates)