Related News
China stocks dip amid volatile global market
Online Edition
Chinese shares closed lower today as continued stimulus tapering by the US Federal Reserve dented global market sentiment.
The benchmark Shanghai Composite Index fell 0.82 percent, or 16.83 points, to finish at 2,033.08. The Shenzhen Component Index lost 1.75 percent, or 134.96 points, to close at 7,572.63.
Combined turnover on the two bourses contracted to 157.8 billion yuan(US$25.85 billion) from 180 billion yuan on the previous trading day.
With the US economy improving, the US Federal Reserve announced yesterday that it will further reduce its bond purchases by US$10 billion starting in February.
The cut added pressure to the already volatile global financial market, as emerging countries have been suffering monetary sell-offs since last week.
The distilling, coal and home appliance sectors led the falls. Kweichow Moutai Co., Ltd., a leading Chinese liquor enterprise, fell 3.51 percent, or 4.81 yuan to reach 132.2 yuan per share.
Aerospace, media, tourism and digital information led the rises. Boosted by Chinese IT giant Lenovo's acquisition of the Motorola mobile business from Google, Shenzhen Laibao High-technology Co Ltd, a leading smartphone and tablet touch screen maker, gained 10.04 percent to reach 14.36 yuan per share.
The ChiNext Index, a Nasdaq-style board tracking China's growth enterprises, dropped 0.04 percent, or 0.55 points, to end at 1,495.98 points.
- 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.
