SHANGHAI, March 10 China stocks ended flat on
Friday, as initial excitement toward the country's annual
parliamentary meeting petered out and investors turned cautious
ahead of a likely U.S. rate hike next week.
The blue-chip CSI300 index was unchanged at
3,427.89, while the Shanghai Composite Index was down
just 0.1 percent at 3,212.76 points.
Main share indexes closed near where they were at the start
of the week, with the CSI300 index flat while the
Shanghai Composite Index was down 0.2 percent.
The meeting of the National People's Congress (NPC) has so
far failed to deliver policies that exceed market expectations,
analysts said, prodding some investors to reduce their holdings.
China's central bank governor told a news conference on
Friday that making monetary policy neutral would help China's
supply-side reforms, reinforcing expectations that liquidity
would be relatively tight.
Qian Qimin, analyst at SWS Research, warned that further
correction ahead was likely in the absence of good news, adding
that from a technical point of view, the SSEC was already in a
Sector performance was mixed on Friday.
Consumer and material stocks
rebounded but infrastructure and energy shares
(Reporting by Luoyan Liu and John Ruwitch; Editing by