日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

Market plunge reignites fears

By LI XIANG (China Daily) Updated: 2015-07-28 11:10

Market plunge reignites fears

An investor at a brokerage house in Hangzhou, Zhejiang province. [Photo/IC]

Chinese equities plunged on Monday by nearly 8.5 percent, the worst single-day decline in eight years, rekindling investors' fears of a "double dip" after the benchmark index suffered a massive 30 percent loss in June and early July.

The plunge followed the release of disappointing numbers on industrial profit growth and worsening manufacturing data that suggested the Chinese economy is likely to remain flat if not further contract.

The benchmark Shanghai Composite Index sank by 8.48 percent, or 345.35 points, to close at 3,725.56, while the Shenzhen Component Index fell by 7.59 percent to end at 12,493.05.

More than 1,800 stocks in Shanghai and Shenzhen tumbled by the 10 percent daily trading limit.

While anticipation of a technical correction has been on the rise after a steady three-week rebound from the recent low, the scale of Monday's sell-off still caught many analysts and traders by surprise.

"The substantial decline indicated that investors are still worried about excess valuations of stocks, which has weighed on buying sentiment despite the government rescue efforts," said Li Daxiao, chief economist at Yingda Securities.

Market sentiment has also been burdened by rising expectations that the US Federal reserve would raise the interest rate, which could exacerbate capital outflows, as well as the uncertainties over the domestic monetary easing policy, analysts said.

The surging price of pork and the recovery of the housing market are likely to drive up inflation, possibly complicating Beijing's monetary easing policies, EverBright Securities said in a research note, adding that the A-share market is unlikely to move out of its current mess if the monetary policies and market reforms fail to convince investors.

Monday's sell-off also shattered many investors' hopes that a government-backed rally would be sustainable.

Anxiety has grown that the government was considering withdrawing its market-rescuing effort after the benchmark index had rebounded by 15 percent, before Monday's sell-off.

The China Securities Regulatory Commission said on Monday night that the State-owned margin lender China Securities Finance Corp will continue to boost its holdings to support the market.

"China Securities Finance Corp hasn't retreated and is looking for chances to buy in to continue stabilizing the market," said CSRC spokesman Zhang Xiaojun.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 欧美成人三级 | 国产成人精品免费视频 | 在线三级av | 久久艹影院 | 黄色片网站免费观看 | 在线免费观看黄色小视频 | 久久网址| 泽村玲子在线 | 中文久久字幕 | 亚洲视频免费播放 | 天堂免费在线视频 | 国产视频一区在线播放 | 国内成人免费视频 | 国产精品二区视频 | 免费看污片网站 | 青青青久久| 亚洲久草视频 | 久久久精品中文字幕 | 久久久精品久久久久 | 黄色片入口| 超碰在线超碰 | 国产午夜不卡 | 国产高清一区二区三区 | 99久久国产视频 | 久久久精品久久久 | 国产日韩在线免费观看 | 欧美三级在线播放 | 成人小视频免费观看 | 国产精品美女 | 日韩av在线免费播放 | 国产真实乱在线更新 | 国产精品久久欧美久久一区 | 九九热精品视频 | 香蕉视频911 | 丁香六月激情综合 | 日韩午夜在线视频 | 免费网站观看www在线观 | 国产欧美一区二区三区视频在线观看 | 免费看a毛片 | 日本中文字幕在线视频 | 99在线看|