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

Markets

Copper leads markets higher

By Irene Shen (China Daily)
Updated: 2011-01-01 10:18
Large Medium Small

Copper leads markets higher

A brokerage in Haikou, Hainan province. Chinese stock indices rose on the last trading day of 2010, but the market remained one of the world's worst performers over the course of the year. [Photo /? China Daily]


SHANGHAI - China's stocks rose on Friday, paring the worst annual loss among major global equity markets, as metal prices rallied and investors speculated the declines of 2010 were excessive given the outlook for the nation's economy.

Jiangxi Copper Co and Yunnan Copper Industry Co jumped more than 7 percent after copper prices advanced to a record.

China Southern Airlines Co led gains for carriers as the yuan climbed on Thursday to the strongest level against the dollar since the end of 1993, reducing the second-biggest Chinese carrier's dollar-based debt costs. Ping An Insurance Co paced an advance for insurers on speculation that further interest-rate increases will boost investment income.

Related readings:
Copper leads markets higher Copper up as hopes rise for global economy
Copper leads markets higher Copper price high but spot market trading weak
Copper leads markets higher Copper goes up for second day
Copper leads markets higher CNMC kicks off production at copper mine in Zambia

"China has not been a very good performer relative to other countries," said Michael Yoshikami, who oversees $1 billion at YCMNet Advisors in Walnut Creek, California. "The dampening has already happened. Once the dust settles and the Chinese government has taken the action it needs to, investors will feel more comfortable and that's why Chinese stocks will rally."

The Shanghai Composite Index, which tracks the largest Chinese stock exchange, added 48.5, or 1.8 percent, to 2808.08 at the 3 pm close. The CSI 300 rose 2.1 percent to 3,128.26.

The Shanghai gauge's advance for a third day narrowed its decline for the year to 14 percent, the worst performer among the 14 biggest world benchmark indices, according to data compiled by Bloomberg.

It's the biggest drop since 2008, when the global financial crisis crimped the nation's exports. The index jumped 80 percent in 2009 as a $586 billion stimulus package and record new lending helped the Asian economy to recover.

China's purchasing managers' index, which tracks manufacturing growth, fell in December to the weakest level in three months, according to an index compiled by HSBC Holdings Plc and Markit Economics, a specialist compiler of business surveys.

However, many economists are optimistic about China's growth prospects in 2011.

The Chinese Academy of Social Sciences, China's top think-tank, said in early December that the domestic economy could expand by 10 percent year-on-year in 2011. The Bank of China's International Finance Institute forecast on Wednesday that the Chinese economy could grow by 9.5 percent next year.

Bloomberg News

漳平市| 安徽省| 法库县| 芜湖市| 潜山县| 秦皇岛市| 抚顺市| 新营市| 施甸县| 临清市| 昌图县| 江华| 龙川县| 姜堰市| 班玛县| 平远县| 扶余县| 尼玛县| 濉溪县| 扶风县| 温州市| 那曲县| 宁海县| 儋州市| 吴桥县| 兴宁市| 肃北| 安远县| 盐池县| 兰溪市| 曲水县| 浑源县| 许昌市| 江达县| 陵川县| 清丰县| 哈密市| 左云县| 南安市| 始兴县| 当雄县|