Stocks Give Back Some Ground But Remain Mostly Positive - U.S. Commentary []

Stocks Give Back Some Ground But Remain Mostly Positive - U.S. Commentary []
After moving sharply higher at the start of trading on Wednesday, the U.S. stock markets have given back some ground over the course of the session. The major averages have pulled back well off their highs for the session, although they have remained firmly in positive territory.

China Stocks Close Lower []
Wednesday, Shanghai shares closed lower as banks and property stocks continued to decline after the central bank and the banking regulator warned against growing risks in property lending. The weakness in overseas markets following a smaller-than-expected interest rate cut in U.S. also discouraged domestic investors.