Chinese shares gave up early gains to finish the day down 1% following weak results from China...


Chinese shares gave up early gains to finish the day down 1% following weak results from China Vanke, the country's largest property developer. At $924M, sales posted the 5th straight month of declines and were off 30% from a year earlier. For 2011, sales beat out 2010 by 12.4% despite the loss of momentum in H2. Vanke shares -2.7%.

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