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

   

China's stock index tumbles below 4,000

By Han Lei (Chinadaily.com.cn)
Updated: 2008-03-13 16:14

A man reads information on an electronic screen at a brokerage house in Shanghai March 13, 2008. China's main stock index tumbled below 4,000 points Thursday to close at 3971.26 points for the first time in seven months, hit by concern about inflation and the market's ability to absorb large new supplies of shares. [Agencies]

China's equity market was hit by a fresh wave of selling on Thursday, amid mounting concerns over accelerating inflation which may prompt further tightening measures by regulators.

The Shanghai Composite Index, the most widely watched indicator, fell 2.43 percent to close at 3,971.26 points, the first close below the 4000-point mark in seven months. The index is 35 percent below October's record intra-day high.

The gauge has lost 28 percent in two months, or 35 percent since peaking in mid-October due to a confluence of factors: a possible recession in the United States which is a key market for Chinese exports, speculations of tighter monetary policy and snowstorms that crippled a large part of the country.

What fuelled investors' anxieties is rising inflation that leaped 8.7 percent year-on-year in February, the fastest pace in nearly 12 years.

Investors feared the People's Bank of China (PBOC) might have to raise interest rates, which is usually the tool-of-choice for central banks in tackling rising cost of living. China has seen 6th rate hikes and 11 increases in bank reserve requirement since the start of 2007.

Those concerns were displayed by sharp declines in steel makers and real estate developers, among the companies most vulnerable to tighter economic policy.

"There is definitely room for further interest rates hikes," China's central banker Zhou Xiaochuan told a press conference last week, while promising to examine the pros and cons carefully.

Worries about corporate earnings, a key pillar of a bull market, especially those that rely heavily on exports, also weighed on the sentiment.

China's exports grew by a meager 6.5 percent in February, a much lower rate than January's 26 percent. That could spur worries that slowing US demand will hurt Chinese exporters and could wipe out thousands of jobs.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 久久艹国产| 亚洲成人一区二区三区 | 欧美大片黄色 | jizzjizz韩国 | 神马久久精品 | 国产少妇精品 | 日韩国产在线播放 | 天堂网在线资源 | 蜜桃成人 | 久久综合视频网 | 男女拍拍拍网站 | 精品久久久在线观看 | 亚州欧美日韩 | 婷婷综合网站 | 成人精品免费视频 | 少妇高潮一区二区三区99 | 亚洲女同一区二区 | 天天插天天操天天干 | 超碰人人人人 | 婷婷6月天 | av在线免费播放网站 | 91九色在线观看 | 青青草97国产精品免费观看 | 豪放女大兵在线观看 | 成年人国产视频 | 青青av在线 | 国产黄色在线播放 | 亚洲国产成人在线视频 | 午夜性视频 | 日韩天天干 | 黄网免费在线观看 | 欧美视频在线免费 | 久久久久久久久国产精品 | 国产成人在线一区 | 日本一本在线观看 | 九九热这里只有 | 四虎官网 | 丰满少妇一级 | 成年人黄网站 | 日一区二区 | 国产精品久久久久久一区二区三区 |