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Chinese shares mixed after release of 12-year high inflation data
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17:07, March 11, 2008

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Chinese share prices were mixed on Tuesday, as investors remained cautious after the release of the nearly 12-year high inflation data in February.

The benchmark Shanghai Composite Index edged up 19.58 points, or 0.47 percent, to 4,165.88. Bargain hunting pushed the index, which fell 2 percent at one time, up into positive territory in late afternoon trading. In spite of the first rise in three days, the index was still at its 7-1/2 month low.

The Shenzhen Component Index fell 47.33 points, or 0.32 percent, to 14,815.72. It tumbled 3.7 percent at one time before bargain hunting trimmed the losses in late trading.

Source:Xinhua



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