Slower rise in output casts cloud on index
By Hu Xiaocen |
February 8, 2012, Wednesday
|
Print Edition
Print Edition
SHANGHAI stocks fell over 1 percent yesterday on worries over China's slowing growth in industrial output.
The Shanghai Composite index tumbled 1.68 percent, the most in three weeks, to end at 2,291.90, erasing its previous three-day gains.
"The slowdown of the global economy, deeper European sovereign debt crisis, and rising costs of production factors will further drag down China's industrial growth in the first quarter." Zhu Hongren, chief engineer at the Ministry of Industry and Information Technology, said in Beijing yesterday.
Metal producers lost on weaker demand. Jiangxi Cooper, China's largest producer of the metal, fell 1.6 percent to 24.80 yuan. Tongling Nonferrous Metals, the No. 2 smelter, shed 1.6 percent to 19.75 yuan. Inner Mongolia Baotou Steel Rare-earth Hi-tech Co tumbled 2.3 percent to 44.55 yuan.
The Industrial And Commercial Bank of China, the nation's largest bank, lost 1.8 percent to 4.33 yuan.
The Bank of China slid 1 percent to 3 yuan and China Merchants Bank lost 1 percent to close at 12.73 yuan.
The Shanghai Composite index tumbled 1.68 percent, the most in three weeks, to end at 2,291.90, erasing its previous three-day gains.
"The slowdown of the global economy, deeper European sovereign debt crisis, and rising costs of production factors will further drag down China's industrial growth in the first quarter." Zhu Hongren, chief engineer at the Ministry of Industry and Information Technology, said in Beijing yesterday.
Metal producers lost on weaker demand. Jiangxi Cooper, China's largest producer of the metal, fell 1.6 percent to 24.80 yuan. Tongling Nonferrous Metals, the No. 2 smelter, shed 1.6 percent to 19.75 yuan. Inner Mongolia Baotou Steel Rare-earth Hi-tech Co tumbled 2.3 percent to 44.55 yuan.
The Industrial And Commercial Bank of China, the nation's largest bank, lost 1.8 percent to 4.33 yuan.
The Bank of China slid 1 percent to 3 yuan and China Merchants Bank lost 1 percent to close at 12.73 yuan.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
