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2009-7-7 10:16:00 a.m. HKT, XFNA
DJ MARKET TALK: China Shares Down On Pft Taking; Developers Lead
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| 1006 [Dow Jones] China shares down on profit taking, led by property developers. Shanghai Composite Index down 1.2% at 3087.40, with support at 5-day moving average 3040.61. "Today's correction is simply a technical one. We didn't see any substantial risk in economic fundamentals as credit policy hasn't been tightened," says Li Nian at Shenyin Wanguo Securities. Among actives, China Vanke (000002.SZ) down 3.2% at CNY13.98, Poly Real Estate Group (600048.SH) down 3.9% at CNY28.50, whilePetroChina (601857.SH) down 2.2% at CNY14.82, Yanzhou Coal Mining (601888.SH) down 2.2% at CNY15.91. Shenzhen index last down 0.4% at 1006.57.(WYL)
(Delayed by 1 hour)
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