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

BIZCHINA> Markets
Stocks slide on economy slowdown worries
(China Daily/Agencies)
Updated: 2008-07-16 11:14

Mainland's major stock index dropped more than 3 percent yesterday, led by financials and property developers, after June data added to concern that the economy might be slowing.

The Shanghai Composite Index sank 3.43 percent to close at 2779.448 points, near its intra-day low of 2769.914. Turnover in Shanghai A shares rose to a fairly active 75 billion yuan ($11.15 billion) from Monday's 59.3 billion.

Money and credit growth moderated in June, while the pace of foreign reserve accumulation slowed dramatically, the central bank announced on Monday. Annual growth in yuan lending fell to its slowest pace in over a year.

"The June data shows economic activity is slowing and people are more reluctant to invest," said Li Xianming, strategist at Ping An Securities. "This puts pressure on the market, at a time when sentiment was already very weak."

Banks slumped yesterday in response to the June lending data, and also in reaction to bigger drops of mainland bank shares in Hong Kong. Industrial and Commercial Bank of China fell 3.37 percent to 4.88 yuan.

HK shares drop

Hong Kong shares slid 3.8 percent to their lowest close in nearly four months yesterday, as investors hit the panic button amid concern over further fallout from the credit crisis and mainland banks' possible exposure to troubled US mortgage lenders.

HSBC Holdings, the most heavily traded stock of the day, dropped more than 3 percent as worries about the US banking sector after Friday's collapse of IndyMac outweighed optimism over a government plan to support mortgage finance companies Fannie Mae and Freddie Mac.

The nearly 5 percent drop in the stock over the previous two sessions wiped off more than $9 billion in market capitalization.

"Sentiment is really fragile," said Louis Wong, research director with Phillip Securities in Hong Kong. "Investors are worried that there might be more bank failures, especially small banks in the United States. Whenever you have this kind of financial turmoil, banking stocks get hit," he said.

The Hang Seng Index closed 839.69 points lower at 21174.77, shedding all the gains made in last week's 3.6 percent rally. Mainboard turnover rose to HK$65.8 billion from HK$58.4 billion on Monday.

Shares in bourse operator Hong Kong Exchanges & Clearing reflected the increased anxiety, plunging 7.1 percent after they hit their HK$115 resistance level on Monday.

Stocks slide on economy slowdown worries


(For more biz stories, please visit Industries)

 

 

南康市| 东丰县| 沅江市| 鄱阳县| 浙江省| 淳化县| 九江县| 丹凤县| 湖口县| 洛扎县| 阿巴嘎旗| 永善县| 通榆县| 册亨县| 土默特左旗| 香港 | 松溪县| 满城县| 汝阳县| 府谷县| 鄂伦春自治旗| 若羌县| 嘉兴市| 云阳县| 迁安市| 桦川县| 佛山市| 米林县| 民和| 鸡东县| 潜江市| 永川市| 丹寨县| 庆阳市| 恭城| 邢台县| 大洼县| 衢州市| 庆安县| 奈曼旗| 托克托县|