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Chinese shares rebound 0.3 pct despite fears of liquidity crunch (2) |
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18:34, July 11, 2007 |
Figures released on Tuesday showed China''s trade surplus grew 83.1 percent to 112.5 billion US dollars during the first six months, implying that the half-year GDP growth might exceed expectations and trigger stricter macro-control measures.
Heavyweight financial stocks continued their upward trend. The Industrial and Commercial Bank of China climbed 0.75 percent to close at 5.4 yuan, and the Bank of China was up 1.57 percent to 5.18 yuan.
China Merchants Bank dropped 1.15 percent to 27.48 yuan, following its 7.46 percent rise on Tuesday and 6.68 percent rise on Monday.
Sectors leading the rise included property, communications, coal and oil, but the property sector showed evidence of ebbing.
The Hushen 300 Index, which tracks 300 companies on the Shanghai and Shenzhen stock exchanges, closed at 3,789.87 points, up 0.38 percent.
Source: Xinhua
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