Related News
Shanghai shares fall amid bird flu scare
By Ye Zhen |
April 8, 2013, Monday
|
Online Edition
Online Edition
SHANGHAI stocks declined this morning as tourism-related shares tumbled amid bird flu scare. The key Shanghai Composite Index lost 0.73 percent to 2,209.07 points. Turnover was 44.9 billion yuan (US$7.2 billion) by the noon break.
"The current outbreak of bird flu is likely to cause stock market panic in the short term. Downstream industries like tourism and catering may suffer," said Damo Investment Co.
The number of people infected with the deadly H7N9 virus in China has climbed to 21 during the Qingming Festival last week. Six deaths have been reported.
China United Travel Co Ltd slumped 4 percent to 3.69 yuan. China CYTS Tours Holding Co fell 3.5 percent to 13.93 yuan. Shanghai Jinjiang International Hotels Development Co lost 3.9 percent to 12.37 yuan.
Property developers languished after the Beijing government raised down-payment requirement for second-home buyers to 70 percent of the purchase price.
Poly Real Estate, China's second-largest developer, shrank 2 percent to 11.60 yuan. Gemdale Corporation dipped 1.1 percent to 6.46 yuan. Shanghai Xinmei Real Estate Co decreased 3.7 percent to 5 yuan.
"The current outbreak of bird flu is likely to cause stock market panic in the short term. Downstream industries like tourism and catering may suffer," said Damo Investment Co.
The number of people infected with the deadly H7N9 virus in China has climbed to 21 during the Qingming Festival last week. Six deaths have been reported.
China United Travel Co Ltd slumped 4 percent to 3.69 yuan. China CYTS Tours Holding Co fell 3.5 percent to 13.93 yuan. Shanghai Jinjiang International Hotels Development Co lost 3.9 percent to 12.37 yuan.
Property developers languished after the Beijing government raised down-payment requirement for second-home buyers to 70 percent of the purchase price.
Poly Real Estate, China's second-largest developer, shrank 2 percent to 11.60 yuan. Gemdale Corporation dipped 1.1 percent to 6.46 yuan. Shanghai Xinmei Real Estate Co decreased 3.7 percent to 5 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.
