Signs of confidence for China's stock exchange

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Updated July 30, 2009 11:39:51

The success of the world's largest share-offering so far this year has failed to stop China's stock markets losing ground.

Shares in China State Construction Engineering Corporation jumped by 70 per cent during its first day of trading as a public company in Shanghai. The earlier initial public offering raised 50-billion yuan or just over $US7 billion in a sign of investor confidence in China's economic recovery. But the Shanghai stock market overall lost five per cent on the day while Hong Kong dropped by 3 per cent.

Presenter: Karon Snowdon
Speakers: David Taylor, Analyst with CMC Markets

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