adminclose at 23 329,75 on turnover of US$10,49 billion. However, analysts say the uptrend remains intact, with the positive outlook based on expectations the Chinese economy is on its way out of its slumber.
Traders cashed in after shares jumped last week in the wake of the US deal to avert the fiscal cliff of tax hikes and spending cuts that economists had warned would tip the country into recession.
Providing some buying support was news out of Washington last Friday showing the world’s biggest economy added 155 000 jobs in December.
Internet giant Tencent fell 1,4 percent to HK$255,60 but is still up 2,7 percent for this year. Among China banks ICBC dipped 0,7 percent to HK$5,75 and China Construction Bank slipped 0,2 percent to HK$6,49. — AFP.
Online Reporter
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