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The imminent saving of Greece from bankruptcy did not power the Chinese stock market, making it one of the few that remained unaffected.Chinese shares ended mixed Monday following last week's slump on European debt worries.The benchmark Shanghai Composite Index edged up 10.37 points, or 0.4 percent, to close at 2,698.76 after losing 6.3 percent last week. The Shenzhen Composite Index for China's smaller second exchange declined by 1.3 percent to 1,049.99.Investors might go bargain hunting but were still uneasy about possible Chinese government measures to tighten credit."It is not surprising that the benchmark made a correction after sharp declines, but it is hard to tell if a rebound will follow," said Cai Junyi, an analyst for Shanghai Securities.Ahead of the release of April inflation data Tuesday, financial shares ended higher on expectations of a possible rate hike to tamp down pressure for prices to rise.Bank of China Ltd. added 1.5 percent to 4.09 yuan. Industrial & Commercial Bank of China Ltd., China's biggest commercial lender, added 0.9 percent to 4.43 yuan.Ping An Insurance Co. gained 4.1 percent to 48.21 yuan while China Life Insurance Co. climbed 2 percent to 25.3 yuan.Poly Real Estate Group rose 3.2 percent to 10.95, while rival China Vanke Ltd., the country's biggest developer, added 1.1 percent to 7.3 yuan.Airlines suffered following flight cancelations due to the Iceland's volcano.Air China Co. and China Southern Airlines Co. both dropped by the daily 10 percent maximum - Air China to 11.06 yuan and China Southern to 6.99 yuan.In currency markets, the yuan strengthened to 6.8257 to the U.S. dollar, up from Friday's close of 6.8265.
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