HONG KONG Aug 6 China shares fell on Wednesday
but ended off early lows as solid gains in metal counters helped
offset weakness in banking and energy large caps.
The Shanghai Composite Index ended down 0.1 percent
at 2,217.46 points, while the CSI300 of the leading
Shanghai and Shenzhen A-share listings slipped 0.3 percent.
Both briefly bounced back to positive territory in the
afternoon before sliding back into the red.
PetroChina was the main drag on the index in
Shanghai, slipping 0.6 percent.
Aluminum Corp of China soared the maximum 10
percent to close at a 9-month high, after the company confirmed
it had won approval to establish a rare earth group with the aim
of industry consolidation, according to a Sina Finance report.
Steel firms also jumped, with Baotou Steel up
7.2 percent and Baoshan Iron & Steel 2.2 percent.
Chinese airlines were also stronger on hopes the yuan
currency would continue to appreciate. China Eastern Airlines
, Air China and China Southern Airlines
all added over 1 percent.
(Reporting by Grace Li and Lu Jianxin; Editing by Kim Coghill)