China Mining, Construction Stocks in the Spotlight
By: Cheng Lei|Reporter, CNBC Asia Pacific
The China market may trade sideways after the benchmark Shanghai Composite edged up 0.15 percent to 2311.92 on Tuesday. Turnover was thin.
AP
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
The China market may be due for more downside after the benchmark Shanghai Composite suffered its worst fall so far in 2012, losing 2.73 percent to 2308.55 on Monday.