Commodities halt Shanghai鈥檚 win streak
Print Edition
SHANGHAI shares yesterday halted its six-day winning streak as commodity producers fell over slumping oil and metal prices.
The Shanghai Composite Index lost 1.34 percent to 2,862.56 points, ending a six-day run of gains that was the longest since July.
“Investors are seizing the moment to get out of stocks as they expect a major correction following the overnight tumble in global commodity prices,” FX678.com quoted Huaxi Securities analyst Cao Xuefeng as saying.
Jiangxi Copper Co plunged the most in six weeks after copper prices tumbled the most since July. Jiangxi Copper plunged 7.27 percent to 14.54 yuan (US$2.23). Shandong Gold Mining Co sank 7.36 percent to 26.57 yuan. Zijin Mining Co lost 4 percent to 3.36 yuan.
But the index, in the last half an hour of trading, pared losses of as much as 3.1 percent.
Medical companies were among the gainers after Li Bin, director of the National Health and Family Planning Commission, told a press conference at the National People’s Congress that the commission was drafting new rules to deepen the reform in the medical sector.
Zhejiang Huahai Pharmaceutical Co rose 2.03 percent to 26.19 yuan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
