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China Shares Waver, Tianjin Stocks Continue Upward Trend
Published on: 2013-10-15
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altChina shares are wavering early as investors wait for more news on the health of the domestic economy. The Shanghai Composite is last down 0.3% to 2204.90. Tianjin-related stocks continued edging higher on speculation the northern Chinese port city may get free-trade zone approval. Real-estate companies Tianjin Jinbin Development Co. Ltd. (000897.SH) and Tianjin Songjiang Co. Ltd. (600225.SH) are up 6.7% to CNY3.27 and 3.2% to CNY5.44, respectively. Cargo shipper Tianjin Marine Shipping Co. Ltd. (600751.SH) is up 3.74% to CNY5.83. All three gained their 10% upper limits yesterday. "Investors are keeping their ears open to news regarding land reform, November's central government meeting as well as economic data but the market is performing within expectations at the moment," Zheshang Securities analyst Zhang Yanbin says. The Shenzhen Index is last down 0.1% to 1083.71.
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