B shares rebound on Tuesday morning

China B shares rebounded on Tuesday on news the country's first open-ended fund would be launched next week. By midday,the Shanghai B share index had risen 4.36percent to 165.223 points. Turnover was thin at $39.66 million, although that was up from $19.21 million on Monday morning. Shenzhen B shares added 3.67 percent to 284.52 on thin turnover of RMB148.31 million, but up from RMB 70.82 million.

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