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: 网址av | 日韩精品在线观看免费 | 日韩美女免费视频 | 亚洲天堂视频在线播放 | 国产欧美日韩一区二区三区 | 日韩毛毛片 | 在线免费观看黄 | 在线观看视频亚洲 | 中文在线а√在线8 | 国产精品福利小视频 | 成人激情视频在线观看 | 亚洲精品国产精品乱码不99 | 国产a级片视频 | 99久久婷婷国产综合 | 国产精品日韩一区二区 | 午夜视频网站 | 丰满白嫩尤物一区二区 | 一级特黄av | 色网站视频 | www.超碰97| 欧美精品国产 | 好男人久久 | 日本久久久久久久久久 | 成人日韩视频 | jizz中国女人高潮 | 成人小视频在线免费观看 | 国产福利专区 | www黄色在线观看 | 免费亚洲精品 | 中文字幕一区av | 欧美日韩不卡视频 | 91福利在线播放 | 国精产品久拍自产在线网站 | 亚洲一区二区免费视频 | 一级黄色免费观看 | 激情网站 | 亚洲精品一线 | 精品国产乱码久久久久久蜜臀网站 | 亚洲精品日韩欧美 | 欧美激情一区二区视频 | 91精品国产综合久久香蕉922 |