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China stock indices flat: New Oriental Education & Tech Grp (ADR) (NYSE:EDU), Youku Tudou Inc (ADR) (NYSE:YOKU), SouFun Holdings Ltd (NYSE:SFUN),

China stocks were little changed early on Friday despite fresh monetary easing as caution dominated investor sentiment ahead of a flurry of listings and after a sharp rebound from August lows.

Chinese stocks have rebounded some 25 percent since then, after plunging more than 40 percent from mid-June to August.

Hong Kong market also experienced a calm morning session as investors awaited fresh cues for direction.

China’s blue-chip CSI300 index dipped 0.18 percent to 3,768.06 points by the lunch break, set for a weekly gain of less than 1 percent. The Shanghai Composite Index was almost flat, at 3,619.65, and is poised to rise 1 percent for the week.

Anxiety over the resumption of initial public offerings curbed optimism from fresh central bank moves to lower borrowing costs. Some analysts expect the 28 IPOs to hit the market by end-year will freeze about 3.5 trillion yuan ($548.5 billion) of capital.

The People’s Bank of China said late on Thursday that it would cut lending rates for loans made under the standing lending facility (SLF), a policy tool to inject cash into the banking system, in its latest effort to aid a struggling economy.

In addition to cutting SLF rates, the central bank also provided a new liquidity injection of 10 billion yuan via open market operations on Thursday, the first positive injection since Oct. 8.

The easing helped push up prices of banking and real estate stocks on Friday, but many other sectors, including energy and healthcare retreated.

Shares of New Oriental Education & Tech Grp (ADR) (NYSE:EDU) traded up 5.36% during last trading session on a U.S. exchange, closing at $30.25. The company now has a market value of $4.73B. The stock, after recent close, is 29.08% above their SMA 50 and 2.02% up the 52-week high. The worst hit in its 52 week range is $17.73 per share, with $29.65 as its 52 week best price. Its latest closing price has a distance of 9.15% from SMA20 and is 33.78% up than SMA200.

Youku Tudou Inc (ADR) (NYSE:YOKU) closed U.S. trading at $26.70, up 0.41% from previous close. The year-to-date (YTD) performance reflected a 49.92% above last year. During the past month the stock gains 7.84% bringing three-month performance to 58.83% and six-month performance to -13.17%.For this company, beta value at 2.78 represents it is more volatile to the shift in the market.

SouFun Holdings Ltd (NYSE:SFUN) settled at $6.59 during New York trading, down -7.31% from previous close and at a distance of -7.91 % from 20-day simple moving average. In the last trading session, the stock’s price moved -6.18% below its 200 day moving average. The stock is currently trading -2.12% below its SMA 50. To measure price-variation, we found this stock’s volatility over a week period was 8.05% and for the month was 6.17%.