Tuesday, September 1, 2009

Asian shares fall, wary of buying fatigue

Shares in China's benchmark stock index fell 0.7 percent after a big share offer announced by the country's second-biggest listed property developer China Vanke kept the focus on a hefty supply of new shares in the near future.
On Wednesday, orders for long-lasting U.S. manufactured goods registered the biggest advance since July 2007, but orders excluding transport goods were slightly below expectations. New home sales jumped in July by their fastest pace in 10 months.
Investors on Wall Street were cautious, with shares bouncing after the favourable data but then fizzling out.
The Dow Jones industrial average gained just 0.04 percent while the Standard & Poor's 500 Index and the Nasdaq Composite Index ended up just 0.01 percent.

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