男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Second fall for stocks; investors bet against easing

Updated: 2011-08-18 10:28

By Zhang Shidong (China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

SHANGHAI - Stocks on the Chinese mainland fell for a second day as investors speculated the central bank won't ease monetary policy, even as the economy slows and a meeting of European leaders failed to ease concerns about the region's debt crisis.

Jiangxi Copper Co and Zhuzhou Smelter Group Co, the producers of copper and refined zinc, paced a decline for metal producers on expectations slowing growth will sap demand for raw materials. China Shipping Development Co dropped after first-half profit fell 30 percent. China Minsheng Banking Corp rose to a one-month high after profit jumped 57 percent.

"The European debt problem cannot be solved in the near term and its negative effect on the stock market will linger," said Li Jun, a strategist at Central China Securities Co in Shanghai. "Corporate earnings are still strong and concern has receded that profit forecasts will be cut massively."

The Shanghai Composite Index, which tracks the bigger of China's stock exchanges, retreated 0.26 percent to 2601.26, extending Tuesday's 0.7 percent decline. The CSI 300 Index slid 0.4 percent to 2886.01.

The Shanghai Composite has slid 7.4 percent this year as the People's Bank of China, the country's central bank, raised interest rates five times and ordered lenders to set aside more cash as deposit reserves 12 times since the start of 2010 to contain inflation that quickened to the fastest pace in three years last month.

Jiangxi Copper slid 1.1 percent to 32.97 yuan ($5.12). Zhuzhou Smelter retreated 1.4 percent to 15.23 yuan. Huludao Zinc Industry Co lost 1.5 percent to 6.46 yuan. German Chancellor Angela Merkel and French President Nicolas Sarkozy rejected selling euro bonds and expanding a 440-billion- euro ($633 billion) rescue fund after talks between the two on Tuesday in Paris.

Gross domestic product in the 17-nation eurozone expanded 0.2 percent in the second quarter from the previous three months, when the economy grew 0.8 percent, the European Union's statistics office in Luxembourg said in a statement on Tuesday.

That was the weakest growth rate since the euro region emerged from a recession in late 2009 and it was also less that the 0.3 percent median estimate of 34 economists in a Bloomberg News survey.

"It doesn't help that Merkel and Sarkozy are taking up air time with soft policy proposals," Todd Martin, Asia equity strategist at Societe Generale SA, said in a note to clients. He said Chinese and South Korean stocks are "too cheap" and equity market gains for the Association of Southeast Asian Nations may be close to ending.

The Shanghai gauge is valued at 11.9 times estimated earnings, matching a record low for the multiple set in January 2006.

China Shipping slipped 0.3 percent to 7.26 yuan after first-half profit fell 30 percent. The stock was cut to "neutral" at Shenyin & Wanguo Securities Co, which cited rising fuel prices and weakness in the oil shipping industry.

Bloomberg News

主站蜘蛛池模板: 莱西市| 苗栗市| 娄烦县| 浮梁县| 渝中区| 和平县| 秀山| 墨脱县| 昆明市| 化州市| 临泉县| 北海市| 襄汾县| 天门市| 拉孜县| 依兰县| 磐石市| 莱芜市| 黑水县| 旬阳县| 阿拉善盟| 静安区| 凤城市| 株洲县| 三河市| 安陆市| 邢台市| 宿松县| 平凉市| 井陉县| 合阳县| 两当县| 平乐县| 沅江市| 无为县| 康马县| 鄱阳县| 教育| 瑞金市| 图片| 莱阳市| 张北县| 海口市| 宁强县| 长岭县| 葫芦岛市| 平原县| 宁陕县| 娱乐| 景宁| 英吉沙县| 延安市| 合作市| 华宁县| 扬中市| 鹿泉市| 方山县| 政和县| 格尔木市| 上饶县| 红原县| 林周县| 静宁县| 天峨县| 蒲江县| 广州市| 阳春市| 津市市| 通化县| 井陉县| 报价| 来宾市| 昌吉市| 玉山县| 武汉市| 海城市| 富顺县| 射阳县| 莲花县| 甘南县| 青海省| 晋宁县|