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Chinese shares close higher at midday Tuesday

Chinese shares close higher at midday Tuesday

Write: Lakshman [2011-05-20]
Chinese equities moved out of negative territory and end higher in the morning session on Tuesday as market sentiment was improved by the central bank's pledge to push forward the Renminbi exchange rate reform.
The benchmark Shanghai Composite Index reversed early losses and added 7.77 points, or 0.3 percent, to finish the morning session at 2,593.98. The index dipped 6.58 points, or 0.25 percent, to open at 2,579.63 Tuesday morning.
The Shenzhen Component Index rose 91.62 points, or 0.89 percent, to end the morning session at 10,401.22 after falling 0.4 percent to open at 10,268.73.