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Stocks close higher; S&P turns positive for 2011 

Business | Securities
2011-12-24

STOCKS closed higher yesterday after a quiet, pre-holiday session that turned the S&P 500 index positive for the year. Traders were relieved by news that Congress extended a payroll tax holiday for workers and...

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Key index gains for 1st time in a week 

Business | Securities
2011-12-24

THE Shanghai stock market yesterday rose for the first time in a week as offshore yuan platform licenses have been awarded and on speculation that property curbs may ease. The Shanghai Composite Index rose by 0.9...

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Stocks snap out of 4-day losing streak to end 0.85% up 

Business | Securities
2011-12-23

THE Shanghai Composite Index snapped out of a four-day decline as offshore yuan platform licenses were awarded and amid speculation of easing property curbs. The key index rose by 0.85 percent to 2,204.78 points,...

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Stocks jump 1.45% as bankers' confidence rise 

Business | Securities
2011-12-23

THE Shanghai Composite Index snapped out of a four-day decline on a higher Bankers Confidence Index and improved US economic data. The key index climbed by 1.45 percent to 2,218.01 points in the morning, with a...

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Stocks close higher on better job market news 

Business | Securities
2011-12-23

ENCOURAGING economic reports pushed stocks higher yesterday. The Dow Jones industrial average rose 61 points, its third gain in a row. The number of Americans applying for unemployment benefits dropped last week...

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News of huge IPOs spooks investors 

Business | Securities
2011-12-23

THE Shanghai stock market yesterday fell for the fourth consecutive day as investors were spooked by news that "300 billion yuan" may be raised from IPOs next year, while a credit crunch is expected to loom at the...

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Stocks dip 0.22% as new IPOs expected to drain cash 

Business | Securities
2011-12-22

THE Shanghai Composite Index dipped as investor confidence crashed on news that hundreds of billions of yuan is to be raised by IPOs next year, along with an expected year-end credit crunch. The key index dipped...

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Share index down 0.44% in morning trade 

Business | Securities
2011-12-22

THE Shanghai Composite Index fell for the fourth consecutive day on a slowdown in China's state-owned enterprises' profit growth, and an expected credit crunch. The key index dropped by 0.44 percent to 2,181.52...

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Stocks end mixed; Oracle miss drags down tech 

Business | Securities
2011-12-22

TECHNOLOGY stocks fell yesterday, dragged down by a weak earnings report from the business software maker Oracle Corp. Broad market indexes were flat. The Dow Jones industrial average eked out a gain of 4 points...

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China still leading world in IPOs but funds plunge 

Business | Securities
2011-12-22

CHINA will remain the world's No. 1 market for initial public offerings this year against weaker Western bourses, but more than four-fifths of Chinese investors have lost money in the process, according to industry...

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Slowdown prospects drag down key index 

Business | Securities
2011-12-22

SHANGHAI'S stock market posted a third consecutive daily retreat yesterday as investor concerns over China's economic prospects persisted and the liquidity crunch in the market intensified. The Shanghai Composite...

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Shares lose 1.12% despite positive global outlook 

Business | Securities
2011-12-21

THE Shanghai Composite Index tumbled in the afternoon despite an improved global economic outlook and Premier Wen Jiabao urging for more support to the real economy. The key index slumped suddenly by 1.12 percent...

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Allow pension funds to invest in equities – NSSF head 

Business | Securities
2011-12-21

CHINA'S pension funds should be allowed to invest in the stock market to boost profitability and to avoid running into deficits in 20 years, head of the National Social Security Fund said yesterday. "Most foreign...

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Stocks edge up on improved global outlook 

Business | Securities
2011-12-21

THE Shanghai Composite Index rose slightly today on improved US economic data and eased worries about the European debt crisis. The key index added 0.24 percent, or 5.21 points to 2,221.14 in the morning, after...

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Stocks soar on Europe hopes, strong housing starts 

Business | Securities
2011-12-21

ENCOURAGING signs out of Europe and a surprisingly strong report on the US housing market drove the Dow Jones industrial average up more than 300 points yesterday. It was the best day for stocks this month. The...