Chinas stocks end down

Posted by 7Star Tuesday, March 31, 2009

Chinas main stock index fell back from near major chart resistance on Monday, dragged down by Aluminium Corp of China (Chalco) and Baoshan Iron & Steel Co (Baosteel) after the industry giants posted quarterly losses. But loose money market liquidity continued to encourage buying in second-tier stocks by short-term speculators, helping China greatly outperform many Asian markets.

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