Greater China Stockmarket Summary

Greater China stockmarket summary 2007-7-13

BEIJING (XFN-ASIA) - A summary of Greater China stockmarket trading Friday
HONG KONG Share prices closed sharply higher, with the main index hitting another milestone as it broke the 23,000 points level for the first time, helped by continued gains in heavyweight China Mobile. Wall Street's record performance overnight gave a strong boost to overall sentiment, also helping push several other blue chips higher. The Hang Seng Index closed up 290.27 points or 1.27 pct at 23,099.29.
CHINA A-shares in Shanghai and Shenzhen closed flat in sluggish trade with investors remaining cautious of a possible high reading for inflation when the indicator is announced on Wednesday, and the government's policy response to it. The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, closed down 1.60 points or 0. 04 pct at 3,914.40. The Shanghai A-share Index was down 1.62 points or 0.04 pct at 4,106.21 and the Shenzhen A-share Index was down 1.83 points or 0.16 pct at 1,137.96. B-shares in Shanghai and Shenzhen closed mixed, with Shanghai stocks slightly lower as investors took quick profits after a strong rebound yesterday. The Shanghai B-share Index was down 0.62 points at 279.29 and the Shenzhen B-share Index was up 6.25 points at 719.39.

TAIPEI
Share prices closed higher in active trade as investors in an already bullish market took further encouragement from Wall Street's record performance overnight. The local bourse continued to charge ahead as well amid expectations that the government will introduce further market-friendly measures in the run-up to the parliamentary and presidential elections early next year. However, some investors also opted to lock-in their profits. The weighted index closed up 116.89 points or 1.25 pct at 9,471.30.