Consumer confidence sags
SHANGHAIconsumerconfidenceedgeddowninthesecondquarteramidaweakerrealestatemarket,asurveyshowedyesterday.TheIndexofConsumerConfidenceinShanghai,aquarterlygaugecompiledbytheShanghaiUniversityofFinanceandEconomics,dipped1.5pointsfromthefirstquarterto117.6intheApril-Juneperiod.Areadingabove100pointsindicatesoptimism.Thedeclinemarkedacorrectionfromafastincreaseinthelastquarterweighedbyweaknessinrealestatesalesandthestockmarket,butoverallsentimentremainedstrongastheeconomyhasshownsolidsignsofstabiliza
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