Shares of Chinese companies listed on the New York Stock Exchange and the Nasdaq have held up well over the past year, in spite of the fact that the Shanghai Composite Index, which tracks the bigger of China's stock exchanges, has been one of the world's worst-performing markets.
The Shanghai Composite Index moved in and out of positive territory before settling 0.5% higher, while Japanese markets remained closed for a holiday.
The Shanghai All Ordinaries Index, a composite of A- and B-shares that are designated for domestic and foreign traders respectively, rose nearly 70% in the period.
Reflecting such optimism (as well as a certain measure of irrational exuberance), China's Shanghai Composite Index holds a 140% gain for the past 52 weeks.
In Asia, China's Shanghai Composite Index climbed 1.4% as hopes of increased government spending on a wide range of investment projects lifted coal and construction companies.
The extreme price highs in early 2010 coincided with a high in the Shanghai Composite of around 3, 300 and that index recently tested the 2, 000 level.
In China, where Hong Kong's Hang Seng Index climbed 0.7% and the mainland's Shanghai Composite Index dropped 0.2%, investors were digesting a string of earnings reports from large Chinese companies.
After months of gains in contrast to steady downturns elsewhere in the world, Shanghai's Composite Index was down 8 percent at one point before rallying slightly to end the day down 5 percent.
The Shanghai Composite Index added 0.1% to 2349.59 as investors considered the implications of China's consumer price index for January, up 4.5% from a year earlier, well above economists' median forecast for a 4.1% rise.
Meanwhile, after a series of big ups and downs, China's stock market, as measured by the Shanghai Composite Index, is trading right where it was about a decade ago.
In China, where Hong Kong's Hang Seng Index climbed 0.6% to 22251.15 and the mainland's Shanghai Composite Index ended down 0.1% at 2326.71, investors were digesting a string of earnings reports from large Chinese companies.
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