Chinese shares mixed at midday, Shanghai edges up

Chinese share prices were mixed at midday Wednesday with the Shanghai bourse up 0.05 percent as property developers' losses offset gains by airlines and oil refiners, dealers said.

The benchmark Shanghai Composite Index, which covers both A and B shares, rose 1.46 points to finish the morning at 2,847.58.

"Investors are taking a wait-and-see attitude toward the stock market, as there are no clear signs that the government will take more market-boosting measures," Guo Yong at GF Securities told Dow Jones Newswires.

Shares opened higher after a sharp overnight fall in oil prices boosted airlines and oil companies, but real estate companies' weak performance weighed the market down.

The Shanghai A-share index was up 1.60 points, or 0.05 percent, at 2,987.11 points, but the Shenzhen A-share index lost 5.29 points, or 0.59 percent, at 891.59.

(Agencies)