久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  .contact us |.about us
News > Business News ...
Stocks rise on auto sector's heavy trade
( 2003-05-23 13:40) (1)

China's shares ended higher yesterday as investors bought heavily into auto firms after strong car output figures for the first four months were announced, shrugging off fears of the flu-like SARS virus, brokers said.

China's number one minivan maker Chongqing Changan Automobile was the best performer in Shenzhen with a rise of 5.1 per cent to HK$6.99 (US$0.90) in its hard currency B shares and an 8.8 per cent climb to 19.37 yuan (US$2.48) in yuan-denominated A shares.

Shanghai's hard currency B share index edged up 0.3 per cent to 115.609 points, while Shenzhen's rose 1.04 per cent to 216.20 points. B shares are open to Chinese investors and foreigners.

"Official figures indicated that the SARS disease had little impact on China's auto industry, which registered strong growth. That triggered heavy purchases," said analyst Wang Yu at Orient Securities.

The State Statistical Bureau announced this week car output more than doubled year on year to 565,400 over the first four months.

Analysts said car production was supported strongly by private purchasers, largely because people wanted to avoid public transport during an outbreak of deadly virus.

Shanghai Automotive Co rose 4.8 per cent to 13.18 yuan (US$1.59). The listed unit of Shanghai Automotive Industry Corp said April sales jumped 33 per cent on year to 46,800 units.

China-backed conglomerate Shanghai Industrial Holdings Ltd on Hong Kong Stock Exchange said yesterday it had agreed to buy a 56.63 per cent stake in Shanghai-listed bio-medicine producer Shanghai Industrial United Holdings Co for 866 million yuan (US$104.6 million) in cash.

The yuan-denominated Shanghai A share index rose 0.83 per cent to 1,619.085 points while its counterpart in Shenzhen gained 0.68 per cent to 451.57.

But analysts said some cautious investors awaited economic data for May, adopting a wait-and-see attitude to gauge the extent of a hit to economic growth from the spread of SARS.

"Some punters unloaded tourism-related counters as they believe such firms can't escape SARS," said Huatai Securities analyst Chen Huiqing.

Huangshan Tour was the third biggest B share decliner in Shenzhen with a 0.94 fall to US$0.528.

The benchmark Shanghai composite index, covering A and B shares, rose 0.82 per cent to 1,546.113 points, while Shenzhen Composite Index closed at 3431.02, up 1.09 per cent.

China's yuan closed two ticks higher against the US dollar at 8.2768 yesterday with the currency moving in a very narrow range, dealers said.

The yuan hit an intraday high of 8.2769.

Dealers said the Chinese currency was likely to stay on the firm side of a tiny range of 8.2760 to 8.2800 set by the central People's Bank of China due to the country's trade surplus, which was just US$100 million in the first four months of this year.

China has earned heavy trade surpluses over the past few years, placing the yuan on a solid track.

The yuan strengthened to 7.0306 to 100 Japanese yen yesterday from 7.0925 and gained against the euro to 9.6317 from 9.6976. It closed flat against the Hong Kong dollar at 1.0609.

Go to another section

E-Mail This Article
Printer-Friendly Format




Today's Top News Top Business News
WHO opens global conference on fatal virus
( 2003-06-18)
Premier pledges to improve public health system
( 2003-06-18)
Jobless rate at record high in HK
( 2003-06-18)
China forms aviation police
( 2003-06-18)
Israeli girl killed in shooting attack
( 2003-06-18)
TV trade war begins in earnest
( 2003-06-18)
Growing number of foreign-invested firms in rankings
( 2003-06-18)
Experts call for redistribution of wealth
( 2003-06-18)
New regulations to guide banking
( 2003-06-18)
"Best Asian Regulator" awarded to HK telecom authority
( 2003-06-18)







主站蜘蛛池模板: 韩国一级特黄毛片大 | 亚洲综合精品一区二区三区中文 | 欧美一级毛片免费播放aa | 在线免费黄色网址 | 久久久久久国产视频 | 午夜成年女人毛片免费观看 | 成人欧美一区二区三区在线 | 美女又黄又免费 | 男操女视频 | 长腿校花被啪到腿软视频 | 欧洲女同互慰在线视频 | 最近中文字幕精彩视频 | 精品国产1区 | 日韩欧美国产精品第一页不卡 | 日韩欧美视频在线一区二区 | 一区精品麻豆经典 | 99r8这是只有精品视频9 | 久久在线免费视频 | 成人午夜大片免费看爽爽爽 | 欧美日韩一区二区三区视频播 | 久久99一区 | 国产免费久久精品99久久 | 成人免费公开视频 | 小泽玛利亚的一级毛片的 | 亚洲艹| 国产一区二区精品久 | 欧美激情欧美狂野欧美精品免费 | 一级大黄美女免费播放 | 国产孕妇孕交大片孕 | 99国产精品免费视频观看 | 伊人99re| 久草在线视频网站 | 911精品国产91久久久久 | 波多野结衣在线观看一区 | 大美女香蕉丽人视频网站 | 九九手机视频 | 亚洲欧美日韩成人一区在线 | 性色tv视频观看 | 亚洲成网站 | 久久精品视频在线观看榴莲视频 | 中文字幕天堂最新版在线网 |