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: 成人欧美一区二区三区黑人 | 亚洲欧美成人在线 | 草草影院视频 | 久色视频 | 特级aa一级欧美毛片 | 一级毛片免费看 | 国产欧美曰韩一区二区三区 | 大看蕉a在线观看 | 欧美专区在线视频 | 国产真人毛片一级视频 | 99久久国产免费 - 99久久国产免费 | 成年人视频在线免费看 | 华人黄网站| 91www成人久久 | 亚洲一区日韩一区欧美一区a | 国产高清亚洲精品26u | 日本一级毛片免费 | 欧美一级高清片在线 | 韩日黄色片 | 99视频在线永久免费观看 | 精品国产一区二区三区四区vr | 亚洲精品一区二区三区美女 | 一区二区三区国产 | 免费一级毛片在线播放欧美 | 国产精品99r8在线观看 | 在线网站黄色 | 91精品国产免费网站 | 亚洲国产成人99精品激情在线 | 日日摸夜夜搂人人要 | 亚洲自偷自拍另类12p | 日韩性视频网站 | 性欧美一级毛片欧美片 | 国产三级免费观看 | 中文字幕在线视频在线看 | 欧美大片在线观看成人 | 中文字幕一二三区乱码老 | 成人在线观看午夜 | 中文字幕一区二区小泽玛利亚 | 久久亚洲一级毛片 | 国产偷自拍| 亚洲视频在线观看视频 |