Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Stocks fall, despite govt measures
Print Edition
DESPITE government efforts to shore up stock markets, the benchmark Shanghai Composite Index plunged 2.26 percent yesterday to close at 2,594.83 point. The Shenzhen Component Index slid 2.2 percent to end at 7,574.99 point.
Combined turnover of the two bourses was 358 billion yuan (US$51.6 billion), down from 422 billion yuan on the previous trading day.
Gold was strong, with many stocks rising the daily limit of 10 percent. Liquor stocks were among the biggest losers, with Jiangsu Yanghe Brewery Joint-Stock Co and Sichuan Swellfun Co losing over 9 percent. The electronics and chemical sectors also fared poorly.
The falls came after two consecutive days of gains after a series of reassuring statements from authorities over the weekend.
But Shenwan Hongyuan Securities said that there is no need for the investors to be overly pessimistic as financial authorities have made it clear they would work toward market stability.
- 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.
