Chinese banking shares stabilize while car and mining stocks soar

Filed under: Economy , Investing Shares in Asia recouped some of yesterday’s losses as benchmark indexes rose. In China the Shanghai Composite Index climbed 2.1% to end the day at 3,290, and Hong Kong’s Hang Seng Index rose 0.8% to 22,612. In Japan the Nikkei Index closed at 9,442 — up 0.4%. Chinese mining companies soared today after gold hit a new high of $1,177 per ounce. Shandong Gold Mining surged to its maximum 10% daily limit, Zijin Mining ( ZIJMF ) climbed 6.5% and Zhongjin Gold gained 5.4%. Other metals companies also moved forward with Baoshan Iron & Steel surging 8.5% and Jiangxi Copper ( JIXAY ) gaining 3.8%. Continue reading Chinese banking shares stabilize while car and mining stocks soar Chinese banking shares stabilize while car and mining stocks soar originally appeared on DailyFinance on Wed, 25 Nov 2009 07:00:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Chinese banking shares stabilize while car and mining stocks soar

Tagged with: a-friend-via • a-new-high • asianmarket • banking-shares • baoshan-iron • gold • infocus • investing • mining-stocks • nikkei • recouped-some • shanghai • shanghai composite • soared-today • zijin-mining

Filed under: Business News

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