China B-shares close mixed; Shanghai up on technical rebound - UPDATE.

(From AFX Europe (Focus))

BEIJING (XFN-ASIA) - China B-shares closed mixed, with Shanghai stocks mostly higher on a technical rebound led by Huaxin Cement, dealers said.

The Shanghai market slumped nearly 20 pct in the previous four days, mainly due to capital outflows after a slowdown in the yuan's appreciation against the dollar.

The Shanghai B-share Index rose 1.50 points or 0.92 pct to 163.47, while the Shenzhen B-share Index fell 0.82 points or 0.21 pct to 386.12.

"The hard-currency B-share market became relatively stable after panic selling in previous sessions," said a Shanghai-based analyst who asked not be identified.

…