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Sovereign Wealth Funds Briefing - Categorized | Market

China shares end flat after directionless trading, banks gain

Posted on 19 June 2013

China’s shares ended flat Tuesday, as gains following the news that the country’s sovereign wealth fund has boosted its investment in some banks were tempered by lingering concerns over the sluggish domestic economic growth.
The benchmark Shanghai Composite Index, which tracks both A and B shares, ended up 3.07 points at 2159.29. The Shenzhen Composite Index rose 0.2%, or 1.77 points to 979.43. Analysts said the Shanghai index is likely to trade between 2100 and 2200 for the rest of the week, due to concerns over the slowing economic activity. Investors are also eyeing comments from U.S. Federal Reserve Chairman Ben Bernanke regarding the U.S. central bank’s plans for its stimulus program as the Fed officials meet later………………………………………..Full Article: Source


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