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HK Stocks Decline, Shanghai Up |
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Author: 123jump.com Staff
123jump.com
Last Update: 4:56 PM EDT May 05 2008
China permitted more companies to open investment management operations, however the companies remained cautious. April consumer price inflation in China is expected to be near 8%, lower than in March and February. Angang Steel jumped 4% on the reports that Arcelor Mittal and Angang are in discussions to explore merger or stake sale. Retailer Maoye International fell below its offering price of HK$3.10 on its first day of trading. |
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