Monday, April 30, 2007

China stocks rise 2.2 pct as new listings sparkle

(Reuters) - Turnover in Shanghai A shares was very heavy at 184.1 billion yuan , up from Friday's 161.7 billion yuan.

The central bank's announcement on Sunday that it would raise reserve ratios by 0.5 percentage point was taken as mildly positive, implying it saw no need to hike benchmark interest rates -- a harsher monetary tightening step -- in the short term.


Read more at Reuters.com Hot Stocks News

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