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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World China shares flat on fears of tighter credit AP - Wednesday, April 7 Send IM Story Print SHANGHAI – Chinese shares ended flat Tuesday on fears for possible more credit-tightening policies for real estate. The benchmark Shanghai Composite Index edged up 0.72 points, or 0.02 percent, to close at 3,158.68. The Shenzhen Composite Index for China's smaller second exchange added 0.2 percent to 1,237.43. Investors were optimistic about corporate earnings but uneasy about possible tightening of credit following government pledges to cool surging real estate prices. "The fall of heavyweight property shares weighed in the benchmark, as investors were worried a recovery of housing prices might lead to another round of tough measures from the government," said Peng Yunliang, a strategist for Shanghai Securities. Poly Real Estate Group, China's second-biggest developer, lost 3.67 percent to 20.67 yuan, while rival China Vanke Ltd. dropped 1.7 percent to 9.6 yuan. Resource and metal shares, industries closely linked to the business cycle, climbed on hopes of more demand as the economy recovers. China Shenhua Energy Co., the country's largest coal producer, jumped 1.1 percent to 29.85 yuan. Tongling Nonferrous Metals Group Co. rose 2.3 percent to 20.49 yuan, while Jiangxi Copper Ltd., China's biggest metal producers, gained percent to yuan. Banks finished mixed with Industrial & Commercial Bank of China Ltd., China's biggest commercial lender, off 0.2 percent to 5 yuan and Bank of China Ltd. up 0.2 percent to 4.3 yuan. In currency markets, the yuan strengthened to 6.8257 to the U.S. dollar, up from Friday's close of 6.8260. ___ Associated Press researcher Bonnie Cao contributed to this report. Recommend Send IM Story Print Related Articles Denmark needs wind turbine test centre-Prime Minister Reuters - 15 minutes ago FTSEurofirst 300 ends above 1,100 after 18 months Reuters - 15 minutes ago TIMELINE-What ties do Daimler, Renault and Nissan have? Reuters - 15 minutes ago US-BUSINESS Summary Reuters - 16 minutes ago Wall Street trims losses as banks rise Reuters - 16 minutes ago News Search Top Stories Renault set for new tie-up with Daimler Greece not seeking to amend EU-IMF deal Greece faces rising urgency as IMF advisers arrive Total charged with graft in Iraqi oil-for-food programme Antenna glitch on historic space shuttle flight More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Angelie Jolie, Brad Pitt visit Bosnia refugees: UN Antenna glitch on historic space shuttle flight Obama attends Easter service at historic black church US pending home sales leap surprise 8.2% Two dead in Mexico after big quake near US border More Most Viewed » 'Rare' fossil of new dinosaur species found in US Hollywood stars help prevent suicide after Twitter alert Junkies and junk-food addicts share craving mechanism Toad is a telltale for impending quakes: scientists More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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