Agricultural shares drag down stocks
China stocks edged down yesterday, dragged by the slump in the agricultural sectors.
The benchmark Shanghai Composite Index dipped 0.41 percent to close at 2,870.6 points. The smaller Shenzhen Component Index also dropped 0.93 percent to 8,916.11 points and the blue-chip CSI300 index ended 0.85 percent lower at 3,617.79 points.
The turnover on the two major bourses totaled 462.74 billion yuan (US$66.92 billion), shrinking sharply compared with the 573.72 billion yuan in the previous session.
Stocks related to the anti-tariff concept led the decline, according to the Wind Information, among which shares of five relevant companies tumbled by the daily limit of 10 percent.
Agricultural shares such as Southwest Securities Co, Yuan Longping High-tech Agriculture Co and Shandong Denghai Seeds Co all nosedived by the maximum 10 percent. Companies related to the pig industry posted sharp losses, with Dymatic Chemicals and Hunan New Wellfull Co both slumping by the 10 percent daily cap.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.