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

left corner left corner
China Daily Website

Equities sink 5.3% to fresh 2013 low

Updated: 2013-06-25 07:41
By Xie Yu in Shanghai ( China Daily)

Equities sink 5.3% to fresh 2013 low
Investors play cards at a brokerage office in Nantong, Jiangsu province on Monday. The Shanghai Composite Index fell 5.3 percent, the biggest single-day slump in four years. [Photo / China Daily]

Chinese stocks sank more than 5 percent on Monday to a fresh 2013 low as investors concluded the government would not take any steps to boost the market.

The central bank issued a statement in the day, saying that the credit market is not facing an imminent crisis and banks should improve their liquidity management.

The statement from the People's Bank of China was taken by many analysts as a clear signal that the government had no plans to intervene in the market. Analysts said some investors took the statement as a sign to cut their losses, while others simply stayed on the sidelines.

The benchmark Shanghai Composite Index fell 5.3 percent, the biggest single-day slump in four years, to 1,963.24 points. Turnover contracted sharply to 88 billion yuan ($14.36 billion) from 334.7 billion yuan on the previous trading day.

Bank shares led the slump, with major losses among property, brokerage, nonferrous metal and aviation stocks as well.

Hong Kong's benchmark Hang Seng Index declined 2.22 percent to 19,813.98.

The Hang Seng Finance Index, a gauge of mainland banks listed in Hong Kong, turned in a fifth day of losses, retreating 2.3 percent. Industrial and Commercial Bank of China Ltd sank 3.03 percent to HK$4.48 (58 US cents). Bank of China Ltd fell 2.6 percent to HK$2.99.

"That is a collapse. The market was expecting the central bank to inject liquidity, but the hopes were chilled. It seems the authorities are determined to maintain a prudent stance to reduce leveraged operations in the financial market," said Jason Yue, senior analyst with an investment company in Shanghai.

Interbank interest rates have been setting record highs since mid-June. Rumors were spreading about major banks defaulting amid funds shortages and urging the central bank to cut the reserve requirement ratios.

Money market jitters soon spread to the stock market, where panicked investors began to cash out.

The central bank issued a statement on its second-quarter monetary policy committee meeting on Sunday evening, saying that the committee had agreed to "fine-tune policy when necessary".

Equities sink 5.3% to fresh 2013 low

Did you lose money on China's stock market?

  • Yes
  • No
  • I haven't put any money in China's stock market

Previous Page 1 2 Next Page

 
 
...
刚察县| 盘锦市| 嵊泗县| 佛山市| 元阳县| 大关县| 金沙县| 年辖:市辖区| 黎城县| 泽州县| 昌吉市| 三原县| 江北区| 平原县| 黄浦区| 邢台市| 岳普湖县| 垣曲县| 巧家县| 万载县| 法库县| 普兰县| 天长市| 手游| 黔江区| 肇东市| 镇康县| 安吉县| 丁青县| 福州市| 台南市| 鹰潭市| 绥德县| 扬州市| 彭山县| 东光县| 洛隆县| 长岭县| 高州市| 湟中县| 榆树市|