Thursday, April 23, 2009

Real estate offers market hope

SHANGHAI'S key stock index reversed its morning losses today and ended higher, led by real estate developers after experts said the property market might pick up in the second half of the year.

The benchmark Shanghai Composite Index rose 0.11 percent, or 2.61 points, to close at 2,463.95 points. Turnover shrank to 113.29 billion yuan (US$16.67 billion) from 177.6 billion yuan on the previous trading day.

The Shenzhen Composite Index, which tracks the smaller domestic market, was up 0.74 percent to close at 825.22 points.

China Properties News

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