Related News
Stocks drop as FDI falls for sixth straight month
By Ye Zhen |
May 15, 2012, Tuesday
|
Online Edition
Online Edition
SHANGHAI stocks edged down this morning after foreign direct investment fell for a sixth straight month in April as the eurozone debt crisis continued to weigh on the Chinese economy.
The Shanghai Composite Index dropped 0.81 percent, or 19.29 points to 2,361.44. Turnover stood at 43.6 billion yuan (US$6.92 billion) by the noon break.
Foreign direct investment in China in April fell 0.74 percent from a year earlier to US$8.4 billion, the Ministry of Commerce said today. That compares with a 6.1 percent drop in the previous month.
Inward investment from the European Union in the first four months this year slumped 27.9 percent from a year earlier to US$1.9 billion, the ministry said.
Non-ferrous metal producers dragged the market down as the sector dropped 1.9 percent in the morning session. Zhuzhou Smelter Group Co lost 4.5 percent to 9.78 yuan. Rising Nonferrous Metals Share Co fell 3.4 percent to 2.32 yuan.
Gold stocks fell after gold futures for June delivery dropped 1.5 percent to US$1,561 an ounce in New York, the contract's lowest since December 29. Zijin Mining Group Co, the nation's largest gold producer lost 0.7 percent to 4.12 yuan. Henan Yuguang Gold & Lead Co fell 1.9 percent to 20.57 yuan. Shandong Gold Mining Co dropped 1.3 percent to 32.96 yuan.
Property developers continued a weak run, falling 1.18 percent on average. Shanghai New Huang Pu Real Estate Co slumped 9.1 percent to 9.69 yuan. Vanke China, the nation's largest developer, fell 0.3 percent to 8.89 yuan this morning.
The Shanghai Composite Index dropped 0.81 percent, or 19.29 points to 2,361.44. Turnover stood at 43.6 billion yuan (US$6.92 billion) by the noon break.
Foreign direct investment in China in April fell 0.74 percent from a year earlier to US$8.4 billion, the Ministry of Commerce said today. That compares with a 6.1 percent drop in the previous month.
Inward investment from the European Union in the first four months this year slumped 27.9 percent from a year earlier to US$1.9 billion, the ministry said.
Non-ferrous metal producers dragged the market down as the sector dropped 1.9 percent in the morning session. Zhuzhou Smelter Group Co lost 4.5 percent to 9.78 yuan. Rising Nonferrous Metals Share Co fell 3.4 percent to 2.32 yuan.
Gold stocks fell after gold futures for June delivery dropped 1.5 percent to US$1,561 an ounce in New York, the contract's lowest since December 29. Zijin Mining Group Co, the nation's largest gold producer lost 0.7 percent to 4.12 yuan. Henan Yuguang Gold & Lead Co fell 1.9 percent to 20.57 yuan. Shandong Gold Mining Co dropped 1.3 percent to 32.96 yuan.
Property developers continued a weak run, falling 1.18 percent on average. Shanghai New Huang Pu Real Estate Co slumped 9.1 percent to 9.69 yuan. Vanke China, the nation's largest developer, fell 0.3 percent to 8.89 yuan this morning.
- 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.
