China A-shares end morning flat; Vanke up despite weak sales - UPDATE.

(From AFX Europe (Focus))

SHANGHAI (XFN-ASIA) - China A-shares finished the morning session little changed after a weaker opening as banks and property stocks held up despite worries about the deteriorating economy, dealers said.

China Vanke (SZA 000002; SZB 200002), the country's top property developer by market value, rose more than one pct despite announcing weak sales.

The benchmark Shanghai Composite Index ended the morning up 1.47 points or 0.09 pct at 1,719.19 , off a low of 1,680.60, after losing 2.44 pct yesterday.

"A-shares recouped their early losses in line with performances in other regional markets," noted Qian Xiangjin, an …