China: Stocks steady ahead of IPOs, govt easing steps provide modest help

[SHANGHAI] China stocks were steady on Friday as fresh easing steps by the central bank were offset by caution ahead of a flurry of listings and on uncertainty if the market's sharp rebound from August lows could be sustained.

Chinese stocks have rebounded some 25 per cent after plunging more than 40 per cent from mid-June to August.

China's blue-chip CSI300 index was flat at 3774.38 points, rising 0.8 per cent for the week. The Shanghai Composite Index was 0.4 per cent firmer, at 3630.50 points, registering a weekly gain of 1.4 per cent.

REUTERS