Sun, Mar 11, 2007 - Page 10 News List

Wary Asian markets end week with modest gains

NERVES After three straight sessions of a technical rebound, and with a phase of consolidation expected, Taiwanese investors hesitated to push gains further

AFP , HONG KONG

The benchmark Shanghai Composite Index, which covers both A- and B-shares, added 9.90 points or 0.34 percent at 2,937.91. For the week, it showed a gain of 3.7 percent.

The Shanghai A-share Index was up 10.77 points or 0.35 percent to 3,087.02, but the Shenzhen A-share Index was down 2.88 points or 0.36 percent at 793.65.

"Some institutional investors were buying oversold heavyweight banking stocks in preparation for the launch of index futures in the first half, and the news that QFII quotas could be increased also helped sentiment," said Chen Huiqin, an analyst at Huatai Securities.

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