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Chinese shares edge up after day-earlier plunge, trade lower on liquidity concerns
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15:57, September 01, 2009

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Chinese equities edged up Tuesday after plunging more than 6 percent to a three-month low the previous day, on a rebound in shares of banks, real estate developers and oil producers.

The benchmark Shanghai Composite Index went up 0.6 percent, or 15.98 points to finish at 2,683.72.

The Shenzhen Component Index advanced 0.28 percent, or 29.2 points, to end at 10,614.28.

Combined turnover further shrank to 161.03 billion yuan (23.68 billion U.S. dollars) from 196 billion yuan on the previous trading day, as investors remain cautious over concerns of tightened liquidity.

Source:Xinhua



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