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China Overseas reverses course on broad losses

Wed Oct 22, 2008 10:12pm EDT

Stocks

   

HONG KONG, Oct 23 (Reuters) - China Overseas Land (0688.HK) opened up 4.6 percent on Thursday after the government announced a slew of measures to boost the flagging property prices on the mainland.

China

But the stock quickly reversed course to fall 0.7 percent as losses in the broader market and heightened fears over a global slowdown hurt sentiment.

(Reporting by Parvathy Ullatil; Editing by Anne Marie Roantree)



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