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: 99热在线播放 | 天天操天天草 | 久久久午夜影院 | 二区在线观看 | 在线播放一区 | 日日不卡av | 国产免费99 | 麻豆视频免费入口 | 欧美精品www | 美日韩三级 | 在线免费精品 | 欧美a网站| 色婷婷欧美 | 一区二区三区视频观看 | 免费观看国产精品 | 牛人盗摄一区二区三区视频 | 91精品国产综合久久香蕉922 | 美日韩中文字幕 | 国产乱码久久久久 | 国产免费福利视频 | 自拍中文字幕 | 日韩av综合网 | 亚洲国产精品久久久久久6q | 91黄色大片 | 四虎影院永久地址 | 91第一页| 台湾av在线播放 | 天天综合网天天综合 | 日本美女毛片 | 九九免费精品视频 | 免费的毛片网站 | 国产91亚洲 | 久久精品一区 | 成人三级视频在线观看 | 久久久久久久久久久国产精品 | 国产精品久久久久9999 | av网站入口| 色呦呦在线视频 | 1级黄色大片儿 | 99久久国产免费 | 成年人的黄色 |