China's equities close mixed at midday
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Chinese stock markets ended mixed in the morning session Thursday as investors remained cautious over the potential rebound after the Agricultural Bank of China(ABC) announced its pricing for the A-share initial public offering (IPO).
The benchmark Shanghai Composite Index dropped 0.31 percent to close the morning break at 2,413.7 points, while the Shenzhen Component Index rose 0.14 percent to end at 9,498.47.
The ABC announced its the pricing of its A-share IPO price at 2.68 yuan per share late Wednesday, hitting the high end of its IPO price range, which means the bank could raise up to 10.12 billion U.S. dollars via the Shanghai portion of the IPO.
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