SHANGHAI, China, Aug. 19 /PRNewswire/ -- The closing price for the
FTSE/Xinhua China 25 Index (NYSE: FXT) for Thursday, August 19, 2004 was
7,215.99. This was up 2.49 percent from the previous day's close.
The FTSE/Xinhua China 25 Index closed higher on the back of Wall Street's
gains overnight, dealers contacted by Xinhua Financial Network said.
The FTSE/Xinhua China Index is a tradable index for international
investors seeking to track the prospects of the largest 25 companies in the
People's Republic of China. It is one of a series of indices jointly produced
by Xinhua Financial Network and the FTSE which is jointly owned by the
Financial Times Group Ltd., a unit of Pearson PLC and the London Stock
Exchange.
FTSE/Xinhua Index Limited ("FXI") is a Hong Kong incorporated, joint
venture company between FTSE, the global index provider, and Xinhua Financial
Network. The company was created to facilitate the development of real-time
indices for the Chinese market that can be used as performance benchmarks and
as a basis for derivative trading and index tracking funds.
SOURCE Xinhua Financial Network
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