Related News
Stocks take cue from global market slump
By Lydia Chen |
November 22, 2011, Tuesday
|
Online Edition
Online Edition
SHANGHAI'S stock market fell in the morning session following slumps in the overseas markets amid concerns the US government will be forced to submit to US$1.2 trillion in automatic spending cuts.
The Shanghai Composite Index fell for the fifth trading day in the morning session with a drop of 0.94 percent to 2,392.47. Turnover was a mere 26.7 billion yuan (US$4.2 billion) in early trading.
Building material makers, such as cement and steel producers, were among the worst hit this morning after Citigroup Inc said property investment might be cut back "significantly."
Anhui Conch Cement Co shed 1.39 percent to 16.98 yuan. Baoshan Iron & Steel Co retreated 1.37 percent to 5.03 yuan.
The sloppy Shanghai market echoed performances in other Asian markets this morning, as fears about the ability of politicians on either side of the Atlantic to tackle huge debt burdens sapped investor confidence.
The Shanghai Composite Index fell for the fifth trading day in the morning session with a drop of 0.94 percent to 2,392.47. Turnover was a mere 26.7 billion yuan (US$4.2 billion) in early trading.
Building material makers, such as cement and steel producers, were among the worst hit this morning after Citigroup Inc said property investment might be cut back "significantly."
Anhui Conch Cement Co shed 1.39 percent to 16.98 yuan. Baoshan Iron & Steel Co retreated 1.37 percent to 5.03 yuan.
The sloppy Shanghai market echoed performances in other Asian markets this morning, as fears about the ability of politicians on either side of the Atlantic to tackle huge debt burdens sapped investor confidence.
- 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.
