Related News
Worries over liquidity dent share index
Print Edition
SHANGHAI stocks fell yesterday, snapping a five-day winning streak, as investors cashed in previous gains amid uncertainty over liquidity at the end of this quarter.
The key Shanghai Composite Index lost 0.86 percent, the biggest daily decline in one month, to 2,236.22 points.
For the week, the index gained 4.5 percent, the biggest weekly rise since February, after stronger-than-expected data indicated that China’s economy is regaining momentum.
A seasonal shortage of liquidity in mid and late September is likely to weigh on the market, said Qi Li, analyst with Western Securities.
Shenyin and Wanguo Securities said the market fell on “a bout of profit taking in financial and shipping sectors that have gained a lot in previous sessions.”
Shanghai Pudong Development Bank shed 2.8 percent to 11.91 yuan (US$1.95). China Shipping Development Co fell 5.3 percent to 5.02 yuan after UBS AG downgraded its rating.
- 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.
