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Asia Top News and Analysis Shanghai

  • SINGAPORE, Oct 30- London copper rebounded on Tuesday from a near two-month low hit the session before with consumers attracted by the lower prices, although global growth worries are likely to cap gains in trade thinned by a hurricane in the United States.

  • *Yuan hits record strong point before weakening. SHANGHAI, Oct 29- The yuan hit another record high on Monday, but then slipped back as traders said pressure on the Chinese currency eased from levels seen late last week. ``Everyone has cooled off a little,'' said a trader at a commercial bank in Shanghai after the morning session during which the new high was hit.

  • The Reuters business schedule runs at the following times: 0230,0630 GMT- Mathew Veedon +65 6870-3827 0830,1230 GMT- Malcolm Davidson +44 20 7542 6958 1530,1930 GMT- Franklin Paul, Chris Kaufman +1 646 223 6200.

  • *Hong Kong developers slump on fears curbs will crimp sales. *Hong Kong turnover lowest in almost two weeks, Shanghai weak too. HONG KONG, Oct 29- Hong Kong shares edged lower on Monday, as local developers tumbled on fears that new measures to cool soaring property prices will sap demand, but broader losses were limited by earnings-driven strength in Chinese banks.

  • SINGAPORE, Oct 29- London copper edged down on Monday, but held above 7- week lows plumbed last week, as concern about global growth and leadership change clouded its demand outlook, but the prospect of a recovering U.S. economy cushioned prices.

  • HONG KONG, Oct 29- Mainland Chinese shares closed at their lowest in a month on Monday, as investors sold shares to lock in profits on financial firms that have yet to post their third-quarter corporate earnings. The CSI300 Index of the top Shanghai and Shenzhen listings closed down 0.5 percent at 2,235.9, its fifth-straight loss.

  • *MSCI Asia ex- Japan down 0.2 pct, Nikkei flat. European shares were seen as lacklustre, with financial spreadbetters expecting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open down about 0.1 percent.

  • SHANGHAI, Oct 29- China's yuan hit a record high on Monday, creeping towards the strong-side limit of its daily trading band, but traders said upward pressure on the currency had eased from the last session.

  • HONG KONG, Oct 29- Hong Kong shares fell on Monday as local developers tumbled on fears that new measures to cool soaring property prices will sap demand, but broader losses were limited by earnings-driven strength in Chinese banks. The China Enterprises Index of the top Chinese listings in Hong Kong was up 1 percent.

  • SINGAPORE, Oct 29- London copper traded little changed on Monday, holding above 7- week lows plumbed last week, as the prospect of a recovering U.S. economy underpinned prices, although concerns about leadership change and global growth kept a lid on gains.

  • SINGAPORE, Oct 29- London copper inched higher on Monday, recovering from 7- week lows plumbed last week, as the prospect of a recovering U.S. economy buoyed prices, although lingering concerns about global growth kept a lid on gains. *The most-traded February copper contract on the Shanghai Futures Exchange rose 0.42 percent to 56,920 yuan a tonne.

  • Oct 26- A new team of agricultural commodity traders has been assembled in China by INTL FCStone Inc. to work with producers and consumers of grain-based feed ingredients, the company said on Friday.

  • *Copper arb window opened but China demand slow- traders.

  • *Copper arb window opened but China demand slow- traders. Benchmark copper on the London Metal Exchange slipped to $7,778 a tonne at 0928 GMT, down 0.5 percent from Thursday's close of $7,815 a tonne.

  • SHANGHAI, Oct 26- China's yuan hit its strong-side limit with Friday's first trade and firmly hugged the trading band boundary all day until weakening suddenly before the market close. The yuan opened at the lower limit of 6.2380, its strongest level ever, and held steady until just before 4 pm, when it dropped to a close of 6.2489, reversing all of the day's gains.

  • BEIJING-- China is telling tourist-favored Buddhist temples: Don't let money be your mantra. "Everywhere in China now is about developing the economy," complained Beijing resident Fu Runxing, a 40- year-old accountant who said he recently went to a temple where incense was priced at 300 yuan a stick.

  • BEIJING-- China's legislature on Friday passed a long-awaited mental health law that aims to prevent people from being involuntarily held and unnecessarily treated in psychiatric facilities _ abuses that have been used against government critics and triggered public outrage.

  • HONG KONG, Oct 26- Hong Kong shares snapped a ten-day winning streak on Friday, as the Hang Seng Index retreated from 2012 highs, dragged down by China Unicom's 7.6 percent slump after posting disappointing third quarter corporate earnings.

  • HONG KONG, Oct 26- Hong Kong shares snapped a 10- session winning streak on Friday, hit by a 7.6 percent slump in China Unicom after the country's second-largest mobile operator posted weaker-than-expected third-quarter profit.

  • HONG KONG, Oct 26- Mainland China shares closed at three-week lows on Friday, posting their first weekly slip in four with growth-sensitive sectors leading losses after Chinese media reported that fund managers were pessimistic about the fourth quarter.