China shares end higher, led by banks, real estate

(Reuters) - Bank of Nanjing and Bank of Ningbo announced price ranges on Wednesday for their initial public equity offers, set to raise a combined total of up to 11.07 billion yuan .




The Shanghai Composite Index ended at 3,865.723 points, reversing a fall of as much as 1 percent during the afternoon and a 0.78 percent drop on Tuesday.


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China funds still upbeat on stocks, sour on bonds

(Reuters) - Most of the funds polled late last week and on Monday said
the Shanghai Composite Index had entered a consolidation
phase, although it still had a chance to rebound above 4,000
points over the next three months.




They cited positive factors such as strong corporate earnings
growth, restructuring of listed companies' assets and a
strengthening Chinese currency.


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Rising rate fears hammer stocks and bonds

(Reuters) - Most major stock indexes fell more than 1 percent, although China's Shanghai Composite Index bucked the trend, adding 0.2 percent after a blizzard of positive commentary about stocks in state-owned media was seen as more evidence that authorities did not want a further sharp drop of the market.




Japanese government bonds buckled under the strain after U.S. Treasury yields of all maturities rose above 5 percent for the first time since last July. Investors are betting the Federal Reserve would keep interest rates higher for longer to keep inflation at bay.


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