国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Shares down 3% in morning trade

(Xinhua)
Updated: 2008-02-22 13:37

Chinese share prices tumbled 2.99 percent in the morning trade on Friday, following the overnight sharp decline on the Wall Street.

The benchmark Shanghai Composite Index, which covers both A and B shares, fell 135.27 points, or 2.99 percent, to 4,391.90. It opened down 26.79 points, or 0.59 percent, at 4,500.39.

Special Coverage:
Markets Watch  

Related readings:
 23 listed firms plan $28.6b refinancing
 New funds could bring $11bn into equities
 Pudong Bank plans $5.6b share sale
 Two stock funds raise $391 on debut

Overnight, the Dow Jones Industrial Average tumbled 142.96 points, or 1.15 percent, to 12,284.30 as the newly-released weak economic data heightened fears of the US recession.

The US Conference Board said Thursday the January index of leading economic indicators fell 0.1 percent, the fourth-monthly drop in a row. Meanwhile the Philadelphia Fed index, a regional reading on manufacturing, tumbled to -24.0 this month from -20.9 in January.

Financial stocks led the declines and the investors should be cautious with the news of huge amounts of capital raising, according to Wan Bing, an analyst with Guangfa Securities.

Shanghai Pudong Development Bank ended the morning session 6.73 percent lower at 40.32 yuan, after the bank confirmed Thursday it planned to sell additional shares to boost core capital.

Shares in the mid-sized bank has plunged more than 20 percent after market talk on Wednesday said it planned to raise as much as 40 billion yuan ($5.6 billion) by public offering. Investors worried the huge share sale would dilute earnings and add to liquidity pressures to the equity markets.

China Merchants Bank tumbled 6.21 percent to 30.20 yuan after it said Friday that its 2.53 billion A shares would become tradable on February 27.

Citic Securities, the country's largest brokerage, dropped 5.64 percent to 63.40 yuan. China Life, the nation's largest life insurer, was down 4.23 percent to 38.30 yuan.

China Petroleum and Chemical Corp (Sinopec) fell 5.03 percent to 17.00 yuan despite it denied market talk of plan to raise about 60 billion yuan (8.4 billion US dollars) by selling additional five billion shares.

Property and steel stocks also fell sharply. Gemdale Corp. led the declines in real estate firms by plummeting 8.44 percent to 40.59 yuan.

Steel stocks slid as investors locked in profits after recent rally. Wuhan Iron and Steel shed 6.15 percent to 20.89 yuan and Baoshan Iron and Steel lost 3.86 percent to 17.70 yuan.


(For more biz stories, please visit Industry Updates)



庆云县| 海阳市| 林口县| 嘉定区| 鄂托克旗| 嘉荫县| 宁城县| 紫阳县| 罗江县| 淮阳县| 宁波市| 花莲县| 翁源县| 法库县| 景泰县| 内黄县| 鸡泽县| 江陵县| 通化县| 蒲江县| 婺源县| 阜新| 曲阜市| 昭苏县| 江阴市| 西吉县| 汪清县| 防城港市| 屯留县| 紫金县| 锡林浩特市| 新绛县| 年辖:市辖区| 磐安县| 丰顺县| 温宿县| 泰来县| 苍山县| 施秉县| 黄大仙区| 湖州市|