SHANGHAI: Chinese shares were mixed by midday on Tuesday, as the impact of government boosts to the market persisted ahead of second quarter economic growth figures Wednesday, dealers said.
The benchmark Shanghai Composite Index edged down 0.32 percent, or 12.55 points, to 3,957.84 in volatile trading which saw the index rise as much as 1.64 percent and fall up to 1.22 percent in the morning.
But the Shenzhen Composite Index, which tracks stocks on China’s second exchange, added 2.32 percent, or 49.24 points, to 2,169.49.
After Shanghai fell 30 percent in three weeks from its peak in mid-June, the government last week moved to slow the rout with a police crackdown on short-selling and a ban on big shareholders and company executives from selling stock for six months, adding to earlier measures.
Investors are also awaiting the release of China’s gross domestic product (GDP) data on Wednesday.
China’s GDP growth probably slowed further in the second quarter to 6.9 percent, an AFP survey found, down marginally from 7.0 percent in the first quarter.
