Shares fall again on liquidity concerns
Print Edition
SHANGHAI shares yesterday fell for a third straight day amid liquidity concerns as the money market saw a net drain for the fourth day in a row.
The Shanghai Composite Index slid 0.36 percent to 3,241.31 points.
The People’s Bank of China skipped the open market operations for the fourth straight session, saying liquidity levels remained “appropriate.”
Its inaction drained 70 billion yuan (US$10.2 billion) from the market yesterday when previous reverse repos matured.
However, the central bank’s wording marked a change from previous comments on liquidity in the banking system as being “at a relatively high level” last Friday.
- 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.
