China Shares Extend Losses Midday on Higher Property Prices China shares extend losses midday after official data showed home prices were higher in August. This will constrain Beijing from further easing monetary policy, some analysts say. More cities showed sequential gains in new-home prices in August, according to the National Bureau of Statistics. Investors remained cautious ahead of the Mid-Autumn Festival long weekend. The benchmark Shanghai Composite Index is down 0.2% at 2181.05 with immediate support at 2150. China Vanke Co. (>> China Vanke Co., Ltd.) is down 0.1% at CNY9.59 and China Merchants Property Holdings (>> China Merchants Property Develpmt Co Ltd) falls 2.4% to CNY24.77. The Shenzhen Composite Index is down 0.1% at 1029.26.
Posted on: Wed, 18 Sep 2013 04:48:02 +0000
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