Reuters: Financial Services and Real Estate: China shares end flat, property sector weak

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

China shares end flat, property sector weak May 7th 2012, 07:09 SHANGHAI | Mon May 7, 2012 3:09am EDT SHANGHAI May 7 (Reuters) - China shares closed flat on Monday, with property and financial shares weak after regional markets suffered a bout of selling on renewed concerns over the euro zone debt crisis after elections in France and Greece. The Shanghai Composite Index closed at 2,451.9 points, after rising 2.3 percent over the week last week. The sub-index of property shares dropped 0.7 percent. Property shares fell after the official Xinhua news agency reported that the Industrial and Commercial Bank of China (ICBC) suspended a discount on mortgages for first-time home buyers in the country. (Reporting by Chen Yixin and Jacqueline Wong)

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