China shares up new market boosting techniques
The mainland Chinese shares continue their way up as more techniques strengthen the market from its recent fall has encouraged the investors to return. It is reported that the Shanghai Composite was up to 1.5% to 3,934.37 after having gained more than 10% in the previous two sessions. The latest techniques from regulators included cracking down on grey-market margin lending. They will also stop down the investors who create fake trading accounts. The regulators have reported that some institutions and individuals were creating fake accounts using other people’s identities. In Hong Kong, the Hang Seng index has come lower down 0.9% to 24,687.46. The Asian shares were higher in the market than Greece despite of the emergency summit ending again with no resolution and more deadlines in the debt crisis. The shares of Hotel Shilla were up by 2.7% since it and the partners Hyundai Development Engineering & Construction and the Hanwha Galleria Timeworld has won the license to have duty-free shops in the downtown Seoul.
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