Shanghai stocks slip slightly for 2nd day
Print Edition
SHANGHAI shares fell for a second day yesterday despite making early gains.
The Shanghai Composite Index ended the morning up 0.8 percent, but fell 0.2 percent for the day to 2,815.09 points.
Most sectors closed down, with the transport sector leading the decline.
Shanghai-based Juneyao Airlines Co fell 9 percent to 26.10 yuan (US$3.98), while China Southern Airlines Co dipped 4.6 percent to 6.82 yuan.
China’s currency extended its losing streak against the US dollar to six days after the central bank fixed the softest midpoint since March 2011. Concerns are rising about money outflows as the United States looks increasingly likely to raise interest rates.
Investors are also looking closely at Morgan Stanley Capital International to see if it will include China’s A-shares in its benchmark emerging markets index, said Li Lifeng, an analyst with Sinolink Securities Co.
With funds cooling in Shanghai due to a lack of policy support, blue-chip shares could become the next trading targets if the decision is made, he said.
- 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.
