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No easing hurt stocks in Shanghai

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decline3 March 15, 2012 (Chinavestor) Chinese stocks slid in Shanghai after Wen Jiabao, China's premier, made it clear that no easing is on sight despite a slowing economy. The Shanghai Composite Index (SHA:000001) fell 17.5 points or 0.7% after a 2.7% dive a day before. The decline was universal, stocks that fell outnumbered those that advanced five to one.

But investors embraced good news from the U.S.  in hong Kong. The DJIA extended the 200 points rally on Tuesday to Wednesday. Additionally, sound unemployment benefits number suggests the jobs market is healing in the world's largest economy. With that in mind, the Hang Seng Index (INDEXHANGSENG:.HSI) rose 45.6 points or 0.2% making up for losses from a day before.

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Chinese stocks continued to under-perform in Hong Kong as components of key ETFs testify. Stocks that fell outnumbered those that advanced four to one among 25 components of the Xinhua 25 China index, boding ill for the iShares FTSE/Xinhua China 25 Index (NYSE:FXI). The China Enterprises Index (INDEXHANGSENG:.HSCEI), measuring the performance of Chinese stocks listed in Hong Kong, fell 0.53%. Scroll down to the chart to find stocks that moved the market.

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