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China A-shares end morning higher as property developers rebound.
(From AFX Europe (Focus))
SHANGHAI (XFN-ASIA) - China A-shares ended the morning higher, reversing early losses, as property developers rallied on bargain-hunting, dealers said.
Banks turned mostly higher after slumping on Friday, while steel makers underperformed on demand worries.
Home appliance makers were in demand. The commerce and finance ministries announced yesterday that a program to subsidize rural appliance purchases will be extended nationwide starting in February.
The benchmark Shanghai Composite Index ended the morning up 8.87 points or 0.47 pct at 1,880.03 after falling below its 30-day moving average around 1,855 ...
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