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Chinese shares open higher Monday: Chinese shares opened higher Monday with the benchmark Shanghai Composite Index up 0.04 percent to open at 2,828.57. The Shenzhen Component Index opened 0.21 percent higher at 12,318.31.

ChiNext Index opens higher Monday: ChiNext Index rose 0.73 points to open at 1,072.31 points Monday. The index, officially launched on June 1, 2010 on the Shenzhen Stock Exchange, has a base value of 1,000 points. The ChiNext Index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium...

China stock index futures open mixed Monday: China's stock index futures opened mixed Monday. The contract for settlement in February 2011, the most actively traded, opened 4.8 points higher at 3,122. The March 2011 contract opened flat at 3,137.4 and the contract for settlement in June 2011 dropped 0.6 points at the ...

China's yuan weakens 33 bps to 6.5985 per USD Monday: The Chinese currency, or the yuan, on Monday weakened 33 basis points to 6.5985 per U.S. dollar from Friday, according to the China Foreign Exchange Trading System. The central parity rate of the yuan, or RMB, hit a record high of 6.5849 last Thursday. China's central bank ...

Analysts Fined for Manipulating Share Prices: Two stock analysts were fined a combined 760,000 yuan (US$115,500) for manipulating share prices by releasing false recommendations and company news to the public, China's top securities supervisor ruled. However, it was unclear how much money, Deng Xiaobo, an analyst with a ...

Lego Set to Face the Might of Hasbro: Hasbro's 2-in-1 Kre-O Transformers StarScream building block set is among the products taking on rival Lego.[Photo: Shanghai Daily] Transformers fought for world domination in "Revenge of the Fallen." Now they're taking aim at Lego. Toy maker Hasbro Inc is joining the building...

China's stocks close higher Friday: Chinese stocks closed higher Friday, as the benchmark Shanghai Composite Index added 0.33 percent, or 9.17 points, to 2,827.33 points. The Shenzhen Component Index rose 1 percent, or 121.98 points, to 12,292.49 points.

Gold price opens higher in Hong Kong: The gold price in Hong Kong went up 80 HK dollars to open at 12,673 HK dollars per tael on Friday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,365.59 U.S. dollars a troy ounce, up 8.62 U.S. dollars at the latest exchange rate of one U.S...

Chinese shares close mixed midday Friday: Chinese shares closed mixed midday Friday with the benchmark Shanghai Composite Index down 0.09 percent to close at 2,815.61. The Shenzhen Component Index was up 0.73 percent to 12,259.1.

Chinese shares open slightly lower Friday: Chinese shares opened slightly lower Friday with the benchmark Shanghai Composite Index down 0.11 percent to open at 2,815.12. The Shenzhen Component Index opened 0.07 percent lower at 12,162.32.

Yuan weakens to 6.5952 per US dollar Friday: The Chinese currency, or the yuan, on Friday weakened 103 basis points to 6.5952 per U.S. dollar from its record high Thursday, snapping a streak of three consecutive trading days of gains, according to the China Foreign Exchange Trading System. The central parity rate of the ...

Stocks slump cools fundraising: Chinese companies scaled back or slowed their fundraising plans in January because of a slump in the stock market and increased government efforts to control liquidity and tame inflation, industry data have showed. Domestic companies raised 166.15 billion yuan (US$22.23 billion) ...

China's stocks close 1.6 pct higher led by auto, appliance makers: Chinese stocks closed higher Thursday boosted by auto and home appliance producers following reports of strong sales data. The benchmark Shanghai Composite Index added 1.59 percent, or 44.10 points, to 2,818.16 points. The Shenzhen Component Index rose 3.07 percent, or 362.59 ...

Shanghai rebar futures hit record high after holiday: Shanghai steel rebar futures rose to a record Wednesday after traders returned from a week-long Lunar New Year holiday anticipating a pickup in demand. The price rise comes on the heels of increasing cost of raw materials iron ore and coal and ahead of an expected recovery in ...

Stocks close 1.6% higher Thursday: Chinese stocks closed higher Thursday, as the benchmark Shanghai Composite Index added 1.59 percent, or 44.10 points, to 2,818.16 points. The Shenzhen Component Index rose 3.07 percent, or 362.59 points, to 12,170.51 points.

Shares close up midday Thursday: Chinese shares closed higher midday Thursday amid concerns over inflation. The benchmark Shanghai Composite Index rose 0.78 percent to close at2,795.8. The Shenzhen Component Index was up 1.6 percent to 11,996.73. The People's Bank of China (PBOC), the central bank, raised ...

China sets stronger parity level for yuan: China set a stronger central parity of its currency on the first trading day following its second rate increase in just over six weeks as a stronger yuan is expected to tame inflation by making imports cheaper. The People's Bank of China set the yuan's central parity rate at 6...

Yuan rises to new high against US dollar: The Chinese currency, or the yuan, on Thursday rose to a fresh high of 6.5849 against the U.S. dollar, according to the China Foreign Exchange Trading System. The central parity rate of the yuan, or RMB, was 1 basis point higher than the previous record of 6.585 set on Feb. 9, ...

Hong Kong stocks close 1.36% lower: Hong Kong stocks Wednesday ended down 320.27 points, or 1.36 percent, at 23,164.03, tracking losses on Mainland markets. The benchmark Hang Seng Index opened up 0.22 percent at 23,535. 41, then traded between 23,591.50 and 23,128.72 during the day's session. Turnover totaled 90...

Stocks close lower on first trading day in Chinese new year: Chinese stocks closed lower Wednesday, the first trading day after the week-long holiday that celebrates the Chinese lunar New Year, the Year of Rabbit, as the latest interest rates hike refreshed investor's concerns over inflation. The benchmark Shanghai Composite Index dropped ...

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