Dairy Farm International Holdings Ltd.: Huaxia Bank Co. and Industrial Bank Co. dropped at least 1 percent to lead declines among lenders. Gree Electric Appliances Inc. 000651 , Chinas largest maker of home air-conditioners, lost 1.6 percent. Yonghui Superstores Co. 601933 jumped 10 percent after it said Dairy Farm International Holdings Ltd. is buying a 20 percent stake in the supermarket operator, according to Bloomberg. The problem with the market is that it rose too fast and it needs a break and some consolidation here, said Wei Wei, an analyst at West China Securities Co. in Shanghai. The upcoming economic data are expected to show the economy is recovering and China s benchmark stock index fell from an eight-month high before the release of economic data including new yuan loans and industrial production. The Shanghai Composite Index slipped 0.1 percent to 2,221.60 at the close. It climbed 1.4 percent yesterday to the highest level since Dec. 10 after data showed subdued inflation. The gauge has rebounded 12 percent from this years low, sending its 14-day relative strength index to 71.4 yesterday. Readings above 70 indicate a price may be poised to fall.
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