www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Equities decline on weak factory data

(Agencies) Updated: 2015-11-03 09:50

Domestic stocks fell for a second day after official data showed manufacturing contracted for a third month and the authorities detained a top-performing hedge-fund manager in widening probes into market manipulation and insider trading.

The Shanghai Composite Index dropped 1.7 percent to 3,325.08 points at the close, while the Hang Seng China Enterprises Index slid 1.5 percent in a fifth day of losses, the longest losing streak in almost two months. PetroChina Co and Aluminum Corp of China Ltd led declines for commodity shares, sliding at least 2.5 percent.

Police raided hedge fund Zexi Investment on Sunday, according to a source familiar with the matter. The 26 companies of which Zexi disclosed as a shareholder in the past 12 months fell by an average of 4.5 percent on Monday.

The two-day retreat for the Shanghai index has pared a rebound to 14 percent from this year's low on Aug 26 as the government took measures to stabilize the stock market and policymakers introduced more measures to boost growth amid the slowest economic expansion in a quarter of a century.

"There has been no fundamental improvement to drive equities higher," said Michael Every, head of financial markets research at Rabobank Group in Hong Kong. The CSI 300 Index declined 1.6 percent. Hong Kong's Hang Seng Index lost 1.2 percent. Trading volumes in Shanghai and Hong Kong were at least 9 percent below the 30-day average.

Gauges of energy, material and telecom shares in the CSI 300 dropped more than 2 percent for the worst performances among 10 industry groups. Yanzhou Coal Mining Co slid 2.5 percent, while China Shenhua Energy Co, the biggest producer of the fuel, lost 2.1 percent. Chalco slid 3.1 percent. Tongling Nonferrous Metals Group Co, the nation's second-largest copper smelter, plunged 6.4 percent.

China's factory gauges signaled that manufacturing still has not bottomed out amid faltering global demand and deepening deflationary pressures.

The official Purchasing Managers Index was unchanged at 49.8 in October, the National Bureau of Statistics said on Sunday. That compared with a median estimate of 50, the line between expansion and contraction, in a Bloomberg survey of economists. The official non-manufacturing Purchasing Managers' Index, a barometer of services and construction, fell to 53.1 from 53.4 in September, the weakest since December 2008. A separate PMI from Caixin Media and Markit Economics was 48.3 in October.

China needs to have an average economic growth of above 6.5 percent in the next five years to meet the goal of achieving a "moderately prosperous" society by 2020, Premier Li Keqiang said in a speech in Seoul on Sunday, according to a government statement.

In Hong Kong, Air China Ltd slid 4.7 percent after the carrier posted a 13 percent drop in third-quarter net income. New China Life Insurance Co fell 2.6 percent after the insurer reported a 27 percent drop in net income in the third quarter. Around 69 percent of H-share companies that reported third-quarter results have trailed analysts' forecasts, versus 55 percent for the MSCI Emerging Markets Index.

Chinese police detained officials from two brokerages for illegal trading of equity-index futures, Xinhua reported on Sunday, in the latest attempt to crack down on moves blamed by the authorities for exacerbating a recent stock market rout.

"For the short term, it's quite negative on small-cap stocks as it will dampen investment sentiment on the sector and lots of Zexi's major stock holdings need to be closed," said Li Jingyuan, head of securities investment at Shanghai Zhaoyi Asset Management.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日韩精品在线看 | 99久久精品毛片免费播放 | 日韩国产欧美成人一区二区影院 | 男女很舒服爽视频免费 | 国产精品久久久久精 | 日本一在线中文字幕天堂 | 精品国产欧美一区二区五十路 | 国产精品久久国产三级国电话系列 | 一级高清毛片免费a级高清毛片 | 在线视频日韩精品 | 5级做人爱c视版免费视频 | 国产一级视频免费 | 玖玖精品视频在线观看 | 国产亚洲精品激情一区二区三区 | 青草欧美 | 中国一级毛片欧美一级毛片 | 久久久久久一品道精品免费看 | fc2久久 | 国产日韩欧美在线观看不卡 | 婷婷国产成人久久精品激情 | 国产成人精品视频午夜 | 久久99这里只有精品国产 | 波多野结衣在线观看3人 | 91久久福利国产成人精品 | 亚洲国产成人久久综合一区77 | 一级全黄视频 | 日本一区二区三区免费视频 | 欧美白人和黑人xxxx猛交视频 | 欧美日韩亚洲综合另类ac | 成人亚洲欧美日韩在线 | 999成人网 | 国产黄色片在线免费观看 | 天天拍拍夜夜出水 | 国产2021中文天码字幕 | 欧美日韩一区二区综合在线视频 | 精品国语_高清国语自产 | 欧美精品免费线视频观看视频 | 视色4setv.com| 国产男人天堂 | 久久不卡日韩美女 | 国产视频日韩 |