China shares make lukewarm start to 2013, property strong

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Mainland China shares eked out a gain to start 2013, with a rise in property counters on anticipated demand helping reverse midday losses as investors returned on Friday from a three-day New Year holiday.

The CSI300 of the top Shanghai and Shenzhen A-shares closed up 0.1% at 2,524.4. The Shanghai Composite Index crawled up 0.4%. Both indexes closed at their highest since mid-June.

They rose 1.8 and 2%, respectively, this week, when mainaland markets had only two days of trading.

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