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 SHANGHAI, China (AP) - Chinese stocks rose to a fresh record high for the second day in a row on Tuesday, as property developers jumped on expectations for a stronger yuan and robust housing demand.
The Shanghai Composite Index gained 0.9 percent to 4,110.38, breaking above 4,100 for the first time. The Shenzhen Composite Index climbed 1.4 percent to 1,198.41, also a record high.
Foreign currency-denominated "B shares" fell on profit-taking, capping the overall market's gain. Shanghai B-share Index slumped 6.9 percent to 340.47 and Shenzhen B-share Index dropped 1.5 percent to 737.02, both hit by profit-taking.
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