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-中國股市收盤漲跌互現，房地產板塊的損失抵消了工業類股的漲幅。平安證券(Ping An Securities)表示，儘管開發商有可能放鬆政策的跡象，但購房者和金融機構的信心似乎仍然疲軟，重建需要時間。萬科企業下跌5.0%，Seazen Holdings下跌2.4%，綠地控股下跌3.2%。在光明的中期增長前景中，工業部門延續了最近的上升趨勢。值得注意的落後者包括中芯國際(SMIC)，該股下跌3.9%，此前隨着副董事長的離職，這家芯片製造商的管理層進行了改組。上證綜指上漲0.2%，至3539.10點，深證綜指上漲0.4%，創業板價格指數下跌0.1%。(clarence.leong@wsj.com)
