China Mining, Construction Stocks in the Spotlight

Cheng Lei|Reporter, CNBC Asia Pacific
Tuesday, 5 Jun 2012 | 10:08 AM ET

The China market may trade sideways after the benchmark Shanghai Composite edged up 0.15 percent to 2311.92 on Tuesday. Turnover was thin.

CHina Stocks
CHina Stocks

Market Factors:

The Ministry of Housing and Urban Rural Development reiterated the government's unwavering stance on property curbs.

Stocks to Watch:

Xiamen Tungsten - The firm is part of a group that has discovered the world's largest tungsten mine with 1.06 million metric tons of reserves worth 300 billion yuan ($47 billion), according to the 21st Century Business Herald.

Sinohyrdro Corp. - The construction firm has won a 16.8 billion yuan ($2.6 billion) contract to build the No. 7 line in Shenzhen's light rail network.

—By Cheng Lei, CNBC Asia Pacific