China stocks end flat after volatile session

lunes 30 de noviembre de 2015 03:12 GYT
 

SHANGHAI Nov 30 (Reuters) - China stocks ended flat after a highly volatile session, with major indexes swinging wildly in and out of negative territory following Friday's more than 5 percent slump.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.3 percent, to 3,566.41, while the Shanghai Composite Index also gained 0.3 percent, to 3,445.40 points.

The indexes had plunged more than 3 percent in early afternoon trading but bargain hunters managed to lift the gauges into positive territory at market close.

The wild swings reflect diverging views after the market rebounded over 20 percent from its August lows.

Some analysts said the current correction is natural, and short-lived, while some others expect to see a repeat of the summer market rout if the economy continues to slide while the yuan keeps depreciating.

The real estate index has been very strong throughout the day, up 3.6 percent at the close. (Reporting by Samuel Shen and Pete Sweeney; Editing by Jacqueline Wong)