Related News
Profit taking dents Shanghai index
Online Edition
SHANGHAI stocks lost nearly 1 percent today, ending a six-day rally, as investors took profits in heavily weighted sectors such as banking.
The market was also hit by weak economic data. China today reported a 6.7 percent drop in foreign direct investment in May, the biggest decline in 16 months.
The Shanghai Composite Index fell 0.92 percent to 2,066.70 at the close after rising to a nearly two-month high in the previous session.
The decline in financial shares was led by Industrial & Commercial Bank of China, which slumped 1.32 percent to 3.73 yuan, its biggest loss since March 10. Banks had outperformed yesterday after the central bank extended a reserve requirement ratio cut to more lenders.
- 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.
