CHINA/HK: Shares jump on yuan chatter, but is Beijing bluffing?

Stock Price

AEM Holdings (AWX) 3.320 0.000 (0.00%) Avi-Tech Electronics (1R6) 0.245 -0.010 (-3.92%) Best World (CGN) 1.700 -0.010 (-0.58%) Broadway Ind (B69) 0.082 0.001 (1.23%) China Sunsine (QES) 0.405 0.005 (1.25%) ComfortDelGro (C52) 1.330 -0.020 (-1.48%) Delfi Limited (P34) 1.140 -0.040 (-3.39%) Food Empire (F03) 1.100 -0.010 (-0.90%) Fortress Minerals (OAJ) 0.290 -0.015 (-4.92%) Geo Energy Res (RE4) 0.280 -0.005 (-1.75%) GSS Energy (41F) 0.029 0.000 (0.00%) Hong Leong Finance (S41) 2.470 -0.010 (-0.40%) Hongkong Land (USD) (H78) 3.240 -0.030 (-0.92%) InnoTek (M14) 0.390 0.005 (1.30%) ISDN Holdings (I07) 0.335 -0.010 (-2.90%) ISOTeam (5WF) 0.040 -0.001 (-2.44%) IX Biopharma (42C) 0.042 -0.002 (-4.55%) Jiutian Chemical (C8R) 0.026 -0.002 (-7.14%) KSH Holdings (ER0) 0.285 0.000 (0.00%) Leader Env (LS9) 0.055 0.003 (5.77%) Medtecs Intl (546) 0.139 0.002 (1.46%) Nordic Group (MR7) 0.400 -0.015 (-3.61%) Oxley Holdings (5UX) 0.101 0.002 (2.02%) REX International (5WH) 0.169 0.002 (1.20%) Riverstone (AP4) 0.630 0.000 (0.00%) Sinostar PEC (C9Q) 0.135 0.000 (0.00%) Southern Alliance Mining (QNS) 0.675 0.000 (0.00%) Straco Corp. (S85) 0.490 0.015 (3.16%) Sunpower Group (5GD) 0.240 0.010 (4.35%) The Trendlines (42T) 0.092 0.008 (9.52%) Totm Technologies (42F) 0.037 0.001 (2.78%) Uni-Asia Group (CHJ) 0.940 0.040 (4.44%) Wilmar Intl (F34) 3.620 -0.070 (-1.90%) Yangzijiang Shipbldg (BS6) 1.470 0.000 (0.00%)

Details: Andrew Vanburen (China Correspondent); 21 June 2010

Hard Sell? Talk of a stronger yuan is raising markets... and eyebrows

CHINESE A-SHARES were sharply higher today, with the benchmark Shanghai Composite Index up 2.90% at 2,586.21 and the Shenzhen index jumping by an even newsier 3.44%.

Meanwhile, shares in Hong Kong added 0.74% to finish today at 20,286.71.

However, rumblings of a decided lack of substance, specifics and a lack of action related to Beijing’s three-day old announcement that it would liberalize the yuan-dollar exchange rate are beginning to temper market enthusiasm somewhat. Read more...

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Counter Name	Last	Change
AEM Holdings	3.320	-
Avi-Tech Electronics	0.245	-0.010
Best World	1.700	-0.010
Broadway Ind	0.082	0.001
China Sunsine	0.405	0.005
ComfortDelGro	1.330	-0.020
Delfi Limited	1.140	-0.040
Food Empire	1.100	-0.010
Fortress Minerals	0.290	-0.015
Geo Energy Res	0.280	-0.005
GSS Energy	0.029	-
Hong Leong Finance	2.470	-0.010
Hongkong Land (USD)	3.240	-0.030
InnoTek	0.390	0.005
ISDN Holdings	0.335	-0.010
ISOTeam	0.040	-0.001
IX Biopharma	0.042	-0.002
Jiutian Chemical	0.026	-0.002
KSH Holdings	0.285	-
Leader Env	0.055	0.003
Medtecs Intl	0.139	0.002
Nordic Group	0.400	-0.015
Oxley Holdings	0.101	0.002
REX International	0.169	0.002
Riverstone	0.630	-
Sinostar PEC	0.135	-
Southern Alliance Mining	0.675	-
Straco Corp.	0.490	0.015
Sunpower Group	0.240	0.010
The Trendlines	0.092	0.008
Totm Technologies	0.037	0.001
Uni-Asia Group	0.940	0.040
Wilmar Intl	3.620	-0.070
Yangzijiang Shipbldg	1.470	-