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

  Home>News Center>China
       
 

China's stocks plunge to five-year low
(China Daily)
Updated: 2004-09-09 23:39

China's shares dropped to a five-year low Thursday, as heavy selling of blue-chip stocks by some institutional investors further eroded the weak investor confidence in the stagnant market.

stock,china
An investor looks at the dropping stock index in a stock exchange office in Zhengzhou, Henan Province September 9, 2004. [newsphoto] 
The benchmark Shanghai composite index, grouping A shares and hard-currency B shares, finished down 1.9 per cent at 1,284.307 points Thursday, after touching 1,281.749, the lowest since June 4, 1999.

Some of the biggest fallers were among blue-chip stocks, such as Baosteel, one of China's biggest steel maker, whose A shares fell 3.1 per cent to 5.89 yuan (US$0.711) Thursday.

Analysts said the fact that the index dropped below the psychologically important level of 1,300 points would further weigh down market sentiment that was already weak.

The 1,300-point has been generally regarded as the testing point for bourses. The market had rebounded after reaching the level several times in the past, but it did not hold on this time.

"More investors are now losing confidence in the listed companies, because many do not give returns and simply use the market to raise funds," said an official with Southern Fund Management Co.

Investor sentiment was also affected by speculation that policy-makers are unlikely to come to the rescue with a fresh policy boost.

The China Securities Regulatory Commission (CSRC) held a internal conference in Shenzhen Stock Exchange over the weekend to discuss the problems in the market and ask for views on the solution.

A CSRC official said during the conference that the commission does not intend to rescue the market with a policy boost, but put more focus on curing the existing problems, according to sources that attended the meeting.

The Shanghai composite index has plunged by more than 27 per cent since early April, hit by the authorities' macroeconomic measures to cool down the economy, including tighter the credit supply and curbing overinvestment in some overheating sectors.

Reports that predicted a possible interest rate hike in the near term also put more pressure on the market, although central bank officials said no decision would be made until August's major economic indicators are revealed.

In spite of Thursday's fall, investors have not panicked over the market correction, said Gao Li, deputy director of the research institute of Ping'an Securities.

The indices are moving according to market rules and the correction is expected to last for a while, he said.

The macroeconomic climate will continue to affect the market, but it is hard to predict future trends.



 
  Today's Top News     Top China News
 

China's stocks plunge to five-year low

 

   
 

Southwest flood death toll grows to 177

 

   
 

China registers a 15.9% industrial growth

 

   
 

HK condemns Human Rights Watch's report

 

   
 

Bin Laden's deputy: US on brink of defeat

 

   
 

Shanghai readies for Rockets-Kings game

 

   
  UnionPay cards can be used in Macao
   
  Southwest flood death toll grows to 177
   
  HK suicide rate over the global average
   
  Scientific satellites launched from Shanxi
   
  HK condemns Human Rights Watch's report
   
  Jiangsu strives to ensure food safety
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Stock market needs regulation overhaul
   
IPOs suspended for new pricing rule
   
Fluctuations cause concern
   
Stock market grows sluggish in May
   
Rules to revitalize capital market
   
Stocks rally greets capital market policy
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 亚洲国产爱久久全部精品 | 成人久久18免费网站入口 | 国产免费麻豆 | 亚洲精品久久一区二区无卡 | 亚洲精品一级一区二区三区 | 精品久久在线 | 沈樵在线观看福利 | 国产三级三级三级三级 | 久久有精品 | 欧美性videofree精品 | 成人在线视频免费看 | 欧美国产精品一区二区免费 | xxx欧美老熟 | 国产高清精品久久久久久久 | 国产无卡一级毛片aaa | 国产精品免费综合一区视频 | 最近免费手机中文字幕3 | 成人午夜久久精品 | 香蕉久久久久久狠狠色 | 日本免费观看的视频在线 | 亚洲国产成人va在线观看网址 | 自拍偷拍视频在线观看 | 亚洲天堂一区二区 | 欧美一级高清毛片aaa | 欧美三级真做在线观看 | 一本综合久久 | 深夜一级毛片 | 91视频国产精品 | 久久www视频| 中文字幕亚洲综合久久男男 | 久夜色精品国产一区二区三区 | 日本手机看片 | 国产亚洲精品日韩已满十八 | 日本色中色 | 男女男免费视频网站国产 | 97在线视频精品 | 中文在线视频观看 | 成人毛片免费 | 视频精品一区二区 | 日韩欧美国产高清在线观看 | 成人性动漫高清免费观看网址 |