Chinese shares rebounded from an over 4.6% plunge in the morning session to close slightly down on Tuesday, thanks to overall gains in the banking sector.
The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, edged down 0.73% or 15.9 points to 2157.84 points after fluctuating between 2183.00 and 2072.90 points.
The Shenzhen Component Index on the smaller Shenzhen Stock Exchange went up 0.5% or 36.04 points to 7181.28 points, after opening at the intraday high of 7251.74 points.
Aggregated turnover on the two bourses were RMB 66.8 billion.
China Vanke<000002><200002>, the largest publicly traded real estate developer in the country, went up 4.78% to settle at RMB 6.57. China Merchants Property Development Co. Ltd (CMPD)<000024><200024>, added 6.27% to RMB 13.55. Poly Real Estate Group Co. Ltd<600048> rose 6.18% to RMB 15.30. Gemdale Corporation<600383> added 9.98% to close at RMB 6.61.
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