Related News
Stocks rise above 2,100 early led by ag shares
Online Edition
Agricultural stocks continued their rise this morning, leading Shanghai shares above 2,100 points again, backed by encouraging Chinese economic data pointing to an expansion.
The benchmark Shanghai Composite Index gained 0.5 percent to 2,108.93 points. The turnover was 65.1 billion yuan by the midday break.
“Key reform in China has began,” said Standard Chartered in a report yesterday. “Anti-corruption moves, limits on government approval rights, the liberalizing of interest rates, all these could be viewed as the start of reform.”
Investors were encouraged by the rise in the HSBC Purchasing Managers’ Index, a comprehensive gauge of operating conditions at mostly private and export-oriented manufacturers. The index rose to 50.1 in August from 47.7 in July.
Even though China yesterday cut its target for economic growth for this year to 7.7 percent from 7.8 percent in an unexpected downgrade, brokerages estimated growth will remain stable in Q3 this year.
Heilongjiang Agriculture Co Ltd soared by the 10 percent daily limit to 9.02 yuan, following the bullish trend on Monday when it also jumped by the daily limit.
- 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.
