Related News
Shanghai index down 0.33% on a bout of profit taking
Online Edition
SHANGHAI stocks dropped this morning as port operators locked in gains made yesterday. The key Shanghai Composite Index slid 0.33 percent, or 6.77 points, to 2,056.46. Turnover was 49 billion yuan (US$7.9 billion) by the noon break.
The market declined after a four-day rally as investor sentiment rose on strong economic data and improving liquidity.
“Investors were encouraged by a stabilizing economy in the short term, but a cooling real-estate sector with no sign of recovery is casting a shadow on the long-term outlook,” said Cheng Feng, analyst with Changjiang Securities.
Port operators fell the most after surging yesterday amid hopes that President Xi Jinping’s visit to South Korea will give impetus to free trade negotiations.
Rizhao Port slumped 9.4 percent to 2.91 yuan. Jiangsu Lianyungang Port lost 5.8 percent to 4.24 yuan. Dalian Port tumbled 9.4 percent to 3.17 yuan.
- 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.
