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China stocks up 0.3 pct as banks rebound

Published 12/30/2010, 02:09 AM
Updated 12/30/2010, 02:12 AM

SHANGHAI, Dec 30 (Reuters) - China's stock market rose 0.3 percent in thin trading on Thursday, buoyed by late afternoon rebounds in banking stocks as some investors took advantage of their battered valuations, but property developers and carmakers continued to sink on policy concerns.

The benchmark Shanghai Composite Index ended at 2,759.6 points, reversing an earlier loss as fears over monetary tightening eased during the last few days of trading in 2010. ($1 = 6.60 yuan) (Reporting by Samuel Shen and Jason Subler)

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