Shanghai lower as property hit again
26 July 2012
Shanghai lower as property hit again
Shanghai shares suffered their fourth loss in five sessions today as property developers were hit by an official media warning that local governments must not challenge Beijing on its restrictions on the sector, adding to fears of more control measures.
The Shanghai Composite Index reversed midday gains to close down 0.5 percent at 2,126, the lowest since March 2009. The CSI300 Index of the top Shanghai and Shenzhen listings also shed 0.5 percent ( C) Reuters
Disclaimer for Business News
The Business News is provided for information purposes only and comes from Business World. It is provided solely as a convenience to you and not as an endorsement or approval by us of the content thereof. KBC Bank Ireland can not guarantee the accurateness and completeness thereof. KBC Bank Ireland does not accept any liability or responsibility for the content of and/or any opinions expressed therein (including but not limited to liability arising out of any allegation that the content of or the information contained therein infringes any law or the rights of any person or entity).
