Home
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Waste not, want not: All across Asia, cities find new ways to deal with garbage
Shanghai sorting out a sustainable future
Sunday
- Subscribe
Despite brief rally, stocks slide again
Print Edition
CHINESE stocks slumped yesterday from an earlier rally with the Shanghai Composite Index dropping to a near four-year low, as the yuan fell to its lowest against the US dollar in more than 21 months.
The benchmark Shanghai Composite Index tumbled 2.94 percent to close at 2,486.42 points, the lowest level since November 2014. The smaller Shenzhen Component Index also fell sharply by 2.41 percent to 7,187.49 points, and the blue-chip CSI 300 index ended 2.37 percent down at 3,044.39 points.
The yuan weakened to touch its lowest in almost two years, while the US dollar hit a one-week high on signs the Fed may raise interest rates.
All sectors of the A-share market posted losses. Shares of over 100 companies nosedived by the daily limit of 10 percent. Fewer than 300 stocks gained.
PetroChina Co fell 7.92 percent to 8.37 yuan (US$1.21) and China Petroleum & Chemical Corp lost 4.02 percent to 6.21 yuan. Consumer electronics company Netac Technology Co and information technology provider Wonders Information Co both tumbled by the 10 percent limit.
- 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
- |
- 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.
