Markets

Chinese shares up 0.36pc in morning trade

Published Updated

The benchmark Shanghai Composite Index, which covers both A and B shares, rose 8.60 points to 2,399.83.

Wen, speaking at a news conference wrapping up a 10-day parliamentary meeting, said house prices were "still far from reasonable levels" and measures restricting property purchases would continue.

Property stocks fell in response to Wen's remarks and dragged the Shanghai Composite Index down by 2.63 percent, the biggest single day decline since November last year.

Copyright AFP (Agence France-Presse), 2012