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

   

China's stock index tumbles below 4,000

By Han Lei (Chinadaily.com.cn)
Updated: 2008-03-13 16:14

A man reads information on an electronic screen at a brokerage house in Shanghai March 13, 2008. China's main stock index tumbled below 4,000 points Thursday to close at 3971.26 points for the first time in seven months, hit by concern about inflation and the market's ability to absorb large new supplies of shares. [Agencies]

China's equity market was hit by a fresh wave of selling on Thursday, amid mounting concerns over accelerating inflation which may prompt further tightening measures by regulators.

The Shanghai Composite Index, the most widely watched indicator, fell 2.43 percent to close at 3,971.26 points, the first close below the 4000-point mark in seven months. The index is 35 percent below October's record intra-day high.

The gauge has lost 28 percent in two months, or 35 percent since peaking in mid-October due to a confluence of factors: a possible recession in the United States which is a key market for Chinese exports, speculations of tighter monetary policy and snowstorms that crippled a large part of the country.

What fuelled investors' anxieties is rising inflation that leaped 8.7 percent year-on-year in February, the fastest pace in nearly 12 years.

Investors feared the People's Bank of China (PBOC) might have to raise interest rates, which is usually the tool-of-choice for central banks in tackling rising cost of living. China has seen 6th rate hikes and 11 increases in bank reserve requirement since the start of 2007.

Those concerns were displayed by sharp declines in steel makers and real estate developers, among the companies most vulnerable to tighter economic policy.

"There is definitely room for further interest rates hikes," China's central banker Zhou Xiaochuan told a press conference last week, while promising to examine the pros and cons carefully.

Worries about corporate earnings, a key pillar of a bull market, especially those that rely heavily on exports, also weighed on the sentiment.

China's exports grew by a meager 6.5 percent in February, a much lower rate than January's 26 percent. That could spur worries that slowing US demand will hurt Chinese exporters and could wipe out thousands of jobs.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 99精品福利| ppypp日本欧美一区二区 | 在线视频99 | 欧美亚洲另类在线 | 永久精品免费影院在线观看网站 | 国产精品亚洲成在人线 | 国产成人精品亚洲日本语音 | 日本阿v视频在线观看高清 日本波多野结衣视频 | 免费看成人www的网站软件 | 特级欧美午夜aa毛片 | 男女扒开双腿猛进入爽爽视频 | 成人国产第一区在线观看 | 久久免费视频2 | 亚洲一级毛片在线播放 | 香蕉三级| 男人的天堂久久香蕉国产 | 91精品国产美女福到在线不卡 | 性感美女一级片 | aaaaaa精品视频在线观看 | 欧美在线综合视频 | 久久国产三级 | 成人三级精品视频在线观看 | 国产微拍精品福利视频 | 免费看片aⅴ免费大片 | 午夜久久网 | 91精品全国免费观看 | 亚洲精品国产精品国自产 | 国产黄色片在线免费观看 | 日本激情视频在线观看 | 黄a视频| 亚洲综合在线观看视频 | 精品视频99| 一级做a爱片特黄在线观看免费看 | 亚洲日本高清影院毛片 | 97一级毛片全部免费播放 | 99久久精品国产一区二区三区 | 国产成人免费永久播放视频平台 | 精品一区二区三区视频在线观看免 | 亚洲人成日本在线观看 | 久草免费网站 | 久草网视频在线观看 |