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

   

China stocks fall 2.9% as volatility persists

(AP)
Updated: 2007-03-01 18:00

SHANGHAI, China - Chinese stocks fell back again Thursday, unable to maintain the previous day's rebound amid profit-taking and weak performances in other Asian markets.

Pledges by Premier Wen Jiabao to ensure financial stability while working to better balance growth and trade appeared to do little to assuage worries that authorities will move to cool the markets, which more than doubled in value last year.

"The foundation for the stable operation of the stock market is still not firm," Wen said in an article published in the Communist Party magazine Qiushi, or "Seeking Truth."

The benchmark Shanghai Composite Index lost 2.9 percent to 2,797.19. The smaller Shenzhen Composite Index fell 2.3 percent to 719.90.

On Tuesday, the Shanghai index tumbled nearly 9 percent - triggering a sell-off in global markets - before rebounding almost 4 percent Wednesday.

Analysts said investors were now taking their cues from the lingering malaise in other regional markets.

"The Hong Kong market and other markets around the world are still affecting local shares. It is a vicious circle and it's really hard to tell which market is the main cause," said Zhu Haibin, an analyst at Everbright Securities.

In Hong Kong, the key Hang Seng Index fell 1.6 percent Thursday to 19,346.60. Hong Kong's H-share index, which measures mainland Chinese-registered companies with shares traded in Hong Kong, slipped 2.9 percent.

"The H shares have been falling for four days and the declining trend is quite obvious," said Peng Yunliang, an analyst at Shanghai Securities Co. in Shanghai, noting a trend toward closer links between the performance of Hong Kong-traded and domestically traded shares.

Ping An Insurance soared 38.4 percent in its market debut to 46.79 yuan on strong demand for new shares, but other financials declined as funds shifted to the insurer.

ICBC, China's biggest lender by assets, fell 2.75 percent to 4.75 yuan and China Life Insurance fell 5 percent to 34.00 yuan.

"The market seems to have peaked early in the week and will likely move downward in the near term for consolidation," said Kang Haoping, an analyst at Jutian Securities.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
凭祥市| 马鞍山市| 莎车县| 任丘市| 综艺| 镇坪县| 千阳县| 惠东县| 汶上县| 扎兰屯市| 农安县| 科技| 察雅县| 孟州市| 额尔古纳市| 建阳市| 焉耆| 涟源市| 宝清县| 台南县| 新泰市| 哈巴河县| 黔江区| 兴和县| 津市市| 牙克石市| 正安县| 和林格尔县| 哈密市| 濉溪县| 镇康县| 如东县| 昌都县| 三河市| 沂源县| 广元市| 镇沅| 洪泽县| 浏阳市| 兴仁县| 沽源县|