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

   

Stocks tumble amid bubble concerns

By Dong Zhixin (chinadaily.com.cn)
Updated: 2007-02-02 16:03

Chinese shares tumbled nearly 5 percent in their biggest one-day loss in eight months on Wednesday amid mounting worries over high stock valuations.  
An investor looks at stock information at a securities company in Zhengzhou, Henan Province January 26, 2007. [newsphoto]

Chinese stocks suffered another big loss Friday, adding to a five-percent slide on Wednesday, over worries of stock over-valuation that may prompt regulators to step in to cool the market.

The benchmark Shanghai Composite Index dropped 112.22 points, or 4.03 per cent to 2,673.21. The Shenzhen Composite Index dropped 18.45 points, or 2.8 per cent to 640.87. The Shanghai and Shenzhen 300 index of leading companies slid 97.17 points, or 4.06 per cent to 2,298.00.

Special coverage:Stock Market
Related readings: 
China's benchmark stock index tumbles
Lawmaker sees stock market bubble  Insurers gain in stock market
Beijingers pawn apartments in pursuit of stock market profits

The financial and property shares led the decline. China Life, the nation's biggest life insurer, fell 7.24 per cent to 35.99 yuan. The Industrial and Commercial Bank of China, China's biggest lender, was down 3.59 per cent to 4.82 yuan while the Bank of China dropped 3.91 per cent to 4.66 yuan. China Vanke, the nation's biggest publicly traded property developer, fell 7.86 per cent to 14.42 yuan.

Other big caps contributed to the fall. Baoshan Iron and Steel Co, the biggest steelmaker, dropped 6.48 per cent to 8.81 yuan. China United Telecommunications, the country's second biggest mobile phone operator, went down 4.12 per cent to 4.65 yuan. China Petroleum & Chemical Corp., Asia's biggest refiner, lost 6.41 per cent to 9.05 yuan.

Trading was moderate on both bourses, with 8.545 billion shares changing hands in the Shanghai Stock Exchange at a volume of 65.092 billion yuan against 69.673 billion yuan on Thursday and 86.14 billion yuan on Wednesday. In the Shenzhen Stock Exchange, 733 million shares were traded at a turnover of 31.297 billion yuan compared with Thursday's 35.205 billion yuan and Wednesday's 42.49 billion yuan.

Declining shares outnumbered advancing ones by 569 to 197 in the Shanghai Stock Exchange and by 378 to 139 in Shenzhen.

Friday's slide extended a five-percent tumble on Wednesday which came after a top legislator warned about the growing stock market bubble, fueling fears that warnings may turn into concrete steps to cool down the market.

On Wednesday, the Shanghai Composite Index fell 4.9 percent to 2,786.33, its biggest one-day decline since a 5.3 percent tumble on June 7, 2006. The smaller Shenzhen Composite Index slid 5.8 per cent to 655.53.

The two bourses withstood the downward trend Thursday, but the previous day's dive greatly affected investor confidence.

Many analysts saw the fall as a natural correction, believing the market would continue a bull run in the long term.

China's stock market witnessed a dramatic rally over the past 15 months boosted by soaring demands from retail investors.

Before Wednesday's tumble, the Shanghai index, which tracks China's biggest companies, was up 9.5 percent for the year after soaring 134 percent last year. The Shenzhen index, meanwhile, had soared 26.4 percent since the start of the year before Wednesday's drop.

The rally over the past year came after a five-year slump in mainland share prices, when China was one of the world's worst-performing markets.
12  


Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 久久久久免费 | 成人精品亚洲人成在线 | 国内精品久久久久久久aa护士 | 成人在线免费看 | 日本免费特黄aa毛片 | 国产一级二级三级毛片 | 日韩视频观看 | 久草在在线视频免费 | b毛片| 欧美操操操操 | 成人午夜两性视频免费看 | 亚洲欧洲国产视频 | 成人网18免费 | 国产2021中文天码字幕 | 成人精品一区二区激情 | 欧美变态一级毛片 | 成人a影片在线观看 | 在线视频观看一区 | 亚洲国产日韩在线 | 国产精品线在线精品 | 精品久久久久久免费影院 | 日韩精品一区二区在线观看 | 亚洲资源在线 | 手机在线观看一级午夜片 | 国产在线一区二区三区 | 国产精品欧美亚洲日本综合 | 18视频免费网站 | 久久久小视频 | www伊人| 日韩视频专区 | 97在线播放 | 日本理论片午夜论片 | 久久亚洲综合 | 亚洲欧美日韩综合二区三区 | 一区二区三区欧美视频 | 日本高清福利视频在线观看 | 久久精品亚洲综合一品 | 亚洲国产一区在线 | 国产精品2019 | 欧美一级毛片日本 | 久久精品中文字幕不卡一二区 |