After dropped more than 20% from its peak on Aug 4.

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-----Original Message-----
From: Bumi T <t_b...@yahoo.co.id>

Date: Tue, 1 Sep 2009 21:12:28 
To: obrolan bandar<obrolan-bandar@yahoogroups.com>
Subject: [ob] Shanghai shares rally


Shanghai stocks rose solidly Wednesday despite a broad fall in most other major 
Asian markets, with financials leading the advance. The Shanghai Composite 
Index was up 1.2% in late morning action. Shares of Industrial Bank Co.. were 
5.2% higher, while Bank of China Ltd. advanced 2.1%, China Construction Bank 
Corp. gained 3.2%, and Bank of Communications Co. jumped 3.3%. Energy names had 
led the early advance on news Beijing was increasing retail auto fuel prices, 
though the shares later eased back from those initial gains, with PetroChina 
Co. up 1.5% and China Petroleum & Chemical Corp., also known as Sinopec, 0.7% 
higher. Many of the Shanghai gains failed to translate to the firms' shares in 
Hong Kong, where Bank of China was down 1.6% and PetroChina was 1.4% lower.
 
 
 
 


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