1. LINE

      Text:AAAPrint
      Economy

      Stocks make sharpest daily decline since 2007

      1
      2015-07-27 16:24chinadaily.com.cn Editor: Si Huan

      Stocks dived on Monday, with the benchmark Shanghai index tumbling the most in eight years, amid concerns that a government-supported market rebound is unsustainable.

      The Shanghai Composite Index closed at 3,725.56, down 8.5 percent, while the Shenzhen Component Index sank 7.6 percent to 12,493.05.

      More than 1,000 stocks slid by the daily limit of 10 percent to a halt, led by finance and resources sectors.

      China National Petroleum Corp and Sinopec Group, the country's State-owned oil giants and heavily-weighted stocks of the Shanghai gauge, fell 9.6 and 10 percent respectively.

      The finance industry gauge sank 9.1 percent on Monday, as banks, brokerages and insurers all edged down.

      Bank of Communications, Huaxia Bank, Ningbo Bank, Beijing Bank, Nanjing Bank, New China Life Insurance, China Pacific Insurance, and China Life Insurance tumbled 10 percent. About 22 brokerages fell by the daily limit of 10 percent.

      The daily turnover reached 1.3 trillion yuan. Latest data showed the outstanding balance of margin trading at the Shanghai bourse fell for the first time in five days to 940.8 billion yuan as of Friday.

      The rout put an end to a six-day rally after the Shanghai gauge rebounded 16 percent from its July 8 low through Friday, as regulators took a string of moves to shore up the market, which included suspending initial public offerings, banning major shareholders from selling, investigating into "malicious" short-selling and granting government agency liquidity to help finance stock purchases.

      The retreat came as profits at major industrial firms dropped 0.3 percent year-on-year in June, down from a 0.6 percent growth posted in May, the National Bureau of Statistics (NBS) said on Monday.

      Growth in profits was significantly weaker in the first half of 2015, suggesting monetary policy needs to remain accommodative, said Nomura in a note, adding that the central bank will likely to cut reserve requirement ratio (RRR) in August as "the improvement in growth momentum is still fragile".

      The country's manufacturing activities continued to decline in July, as the Caixin flash Purchasing Managers' Index fell to a 15-month low to a much weaker-than-expected 48.2 from 49.4 in June.

      The CSI 300 Index dived 8.6 percent to 3,818.73 on Monday.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲酒色1314狠狠做| 全黄大全大色全免费大片| 久久精品亚洲精品国产色婷| 亚洲AV无码一区东京热久久 | 成人黄18免费视频| 国产又粗又长又硬免费视频| 全亚洲最新黄色特级网站| 亚洲精品白浆高清久久久久久 | 亚洲性在线看高清h片| 亚洲国语精品自产拍在线观看| 国产精品高清视亚洲一区二区| 性生大片视频免费观看一级| 国产h肉在线视频免费观看| 国产伦精品一区二区三区免费下载| 亚洲成人激情在线| 亚洲欧美第一成人网站7777| h片在线观看免费| 四虎影视精品永久免费网站| 激情综合亚洲色婷婷五月APP| 人与动性xxxxx免费| 国产精品免费电影| 亚洲色偷偷色噜噜狠狠99网| 最近中文字幕大全免费视频| 浮力影院第一页小视频国产在线观看免费| 亚洲好看的理论片电影| 免费在线看黄网站| 亚洲Av综合色区无码专区桃色| 黄色网址免费在线| 国产又黄又爽又猛的免费视频播放 | 美女内射无套日韩免费播放| 日本红怡院亚洲红怡院最新| av电影在线免费看| 亚洲大成色www永久网站| 免费的黄网站男人的天堂| 免费乱理伦在线播放| 女bbbbxxxx另类亚洲| 亚洲伦乱亚洲h视频| 中文精品人人永久免费| 亚洲高清视频在线观看| 国产免费不卡视频| 国产精品久久亚洲一区二区|