Shanghai’s key stock index yesterday tumbled to its lowest close in three weeks, on concern more share sales soon will divert funds from existing equities.
The Shanghai Composite Index dropped 2.34 percent, or 76.14 points, to close at 3,179.08, slipping for a third day in a row. Turnover yesterday totaled 123.8 billion yuan (US$18.1 billion).
China First [...]
Environment-related stocks rose in morning trade Friday on China’s firm target to curb greenhouse gas emissions, despite an overall drop at the two main stock exchanges.
The sector rose 0.93 percent on average as of 11:30 a.m., while the benchmark Shanghai Composite Index lost 1.05 percent to 3,137.65 points and the Shenzhen Component Index slid 1.25 [...]
The Shanghai stock market is likely to edge up this week supported by a more solid economic recovery but analysts have cautioned that the key index is expected to meet technical resistance at the 3,200 point level.
The benchmark Shanghai Composite Index posted a weekly rise of 0.7 percent to end at 3,187.65 last week.
Consumer-related shares [...]
The combined wealth of the 40 richest people on the Chinese mainland more than doubled to US$106 billion this year from US$52 billion in 2008, thanks to the country’s booming stock market, Forbes China reported yesterday.
Electric car maker Wang Chuanfu topped the magazine’s annual rich list, rising from the 23rd spot last year. He also [...]
Stocks logged their best day in three months as investors rushed into the market on word the U.S. economy grew faster than expected.
The Dow Jones industrial average jumped 200 points yesterday to recoup most of its losses for the week, while demand for safe-haven holdings like Treasurys wilted.
The Commerce Department’s report that gross domestic product [...]
Shanghai’s key stock index ended slightly higher yesterday as listed companies posted quarterly gains in profit in July-September period.
The Shanghai Composite Index added 0.33 percent to 3,031.33, after touching an intraday low of 2,974.26.
Turnover shrank to 114.2 billion yuan (US$16.8 billion) from 139.8 billion yuan on Tuesday.
“Most companies posted stronger net income both on a [...]
