 |
|
A man looks at an
electronic board showing stocks index at a securities exchange in
southwest China's Chongqing Municipality, June 19, 2008. Chinese share
prices sank on Thursday, giving up all of Wednesday's gains and then some,
as investors sold heavily amid weak confidence. (Xinhua
Photo)
Photo
Gallery>>> |
BEIJING, June 19 (Xinhua) -- Chinese share prices
sank on Thursday, giving up all of Wednesday's gains and then some, as investors
sold heavily amid weak confidence.
The benchmark Shanghai Composite Index fell 6.54
percent to 2,748.87 points, a sharp turnaround from the previous session, when
it snapped a 10-day losing streak to close 5.24 percent higher.
The Shenzhen Component Index fared worse, sinking
7.49 percent, or 741.58 points, to 9,161.56. It had risen 5.02 percent on
Wednesday.
The Hushen 300 Index, which reflects about 60 percent
of the combined market value in Shanghai and Shenzhen, closed at 2,773.08points,
down 218.20 points, or 7.29 percent.
Aggregate turnover was 92.8 billion yuan (13.2
billion U.S. dollars), up from 71.25 billion yuan. Nearly 1,000 shares plunged
by the daily limit of 10 percent on Thursday.
Construction, agricultural and petrochemical, mining,
and real estate shares led the way down.
Analysts said the market was still being undermined
by surging world oil prices, weakening regional economies and the government's
efforts to curb liquidity and tame inflation.
Chinese stocks close up 5.24%, ending
10-day losing streak
BEIJING, June 18 (Xinhua) -- Chinese shares rebounded
remarkably on Wednesday as the benchmark Shanghai Composite Index closed 5.24
percent higher, ending 10-day losing streak. Full Story
Hong Kong stocks close 2.26%
lower
HONG KONG, June 19 (Xinhua) -- Hong Kong stocks widened
its losses in the afternoon to close at 22,797.61 on Thursday, down 528.19
points, or 2.26 percent. Full Story
Moody's: Outlook for Chinese banking
industry remains stable
HONG KONG, June 17 (Xinhua) -- The 18-month outlook for
the banking industry and ratings for the banking systems in China, including the
mainland, Hong Kong and Taiwan, remained stable, Moody's Investors Service said
in a report Tuesday. Full Story
