By Michael Kitchen
LOS ANGELES (MarketWatch) -- Shanghai-listed shares reversed course Friday, with the Shanghai Composite closing up 1.1% at 2,583.5, after trading down 1.6% in the early morning. A sharp turnaround in many blue-chip issues helped stem the tide. Air China Ltd. (CN:601111 10.49, +0.13, +1.25%) (AIRYY 16.76, -1.27, -7.04%) closed up 1.3%, recovering from a 3.3% loss earlier, while Industrial & Commercial Bank of China (CN:601398 4.46, +0.05, +1.13%) (IDCBF 0.68, -0.03, -3.60%) ended 1.1% higher, and Baoshan Iron & Steel Co. (CN:600019 6.74, +0.20, +3.06%) gained 3.1%. |
