Chinese Stocks End Mixed; Property Sector Broadly Weaken -- Market Talk
Chinese Stocks End Mixed; Property Sector Broadly Weaken -- Market Talk
0729 GMT - Chinese stocks finished mixed as losses by the property sector offset gains among industrial shares. Despite signs of potential policy easing for developers, confidence among home buyers and financial institutions still appears weak and it will take time to be rebuilt, Ping An Securities says. China Vanke fell 5.0%, Seazen Holdings lost 2.4% and Greenland Holdings shed 3.2%. The industrial sector extended a recent uptrend amid a bright medium-term growth outlook. Notable laggards included SMIC, which lost 3.9% after a shakeup at the chip maker's executive level with the departure of its vice chairman. The Shanghai Composite Index rose 0.2% to 3539.10, the Shenzhen Composite Index was 0.4% higher and the ChiNext Price Index dropped 0.1%.(clarence.leong@wsj.com)
0729GMT-中国股市收盘涨跌互现，房地产板块的损失抵消了工业类股的涨幅。平安证券(Ping An Securities)表示，尽管开发商有可能放松政策的迹象，但购房者和金融机构的信心似乎仍然疲软，重建需要时间。万科企业下跌5.0%，Seazen Holdings下跌2.4%，绿地控股下跌3.2%。在光明的中期增长前景中，工业部门延续了最近的上升趋势。值得注意的落后者包括中芯国际(SMIC)，该股下跌3.9%，此前随着副董事长的离职，这家芯片制造商的管理层进行了改组。上证综指上涨0.2%，至3539.10点，深证综指上涨0.4%，创业板价格指数下跌0.1%。(clarence.leong@wsj.com)