Chinese shares up slightly in morning trade
Shanghai – Chinese shares rose slightly in early trade Thursday with property stocks leading the gains on hopes for easing measures, but the upside was limited by worries over the domestic economy, dealers said.
The benchmark Shanghai Composite Index, which covers A and B shares, was up 0.19 percent, or 4.68 points, at 2,411.49.
China has for more than a year sought to control rises in home prices, with measures such as bans on buying second homes, hiking minimum down-payments and introducing property taxes in select cities.
But at the same time, the government has started encouraging first-time buyers with favorable lending policies.
Get Inquirer updates while on the go, add us on these apps:
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94