Rally pushes Chinese shares up at midday
2008-03-27 22:26:07 SINA English
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A strong rally led by banks pushed Shanghai's key stock index to rebound from a one-year low in the morning session today after yesterday's nearly 5.5 percent slide.
The Shanghai Composite Index, which tracks yuan-denominated A shares and hard-currency B shares, jumped 2.57 percent, or 87.67 points, to 3,499.15 at 11:30am.
But losers in the Shanghai market outnumbered gainers 447 to 370, while 35 were unchanged.
The Shenzhen Composite Index, which covers the mainland's smaller stock market, was up 0.14 percent, or 1.55 points, to 1,106.67.
(Agencies)
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