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

Stocks climb from one-month low; Airlines gain, CSR drops

Updated: 2011-07-27 09:16

By Irene Shen (China Daily)

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

SHANGHAI - Stocks advanced on the Chinese mainland, lifting the benchmark index from a one-month low, as airlines climbed on speculation that competition from the high-speed rail industry will fall after a train crash on Saturday.

China Eastern Airlines Corp jumped 10 percent after ticket prices between Beijing and Shanghai climbed. Rising Nonferrous Metals Share Co led a rally for rare-earth producers as the company estimated first-half profit might have jumped eightfold. CSR Corp, the country's biggest train maker by market value, sank 3.8 percent after a press officer said the company made one of the trains involved in the accident.

The Shanghai Composite Index added 0.5 percent to 2703.03 at the 3 pm local time close. The CSI 300 Index rose 0.3 percent to 2977.77, following Monday's 3.3 percent slide.

American depositary receipts of Chinese companies fell after the Shanghai Composite sank the most since Jan 17 and as US stocks retreated on speculation officials will fail to raise the debt limit and avoid default.

The Bank of New York Mellon China ADR Index, which tracks American depositary receipts, declined 0.6 percent in New York on Monday, snapping gains in the previous four sessions.

The Shanghai Composite has slumped 3.7 percent this year as government efforts to curb inflation slow economic growth.

The gauge reached this year's intra-day low of 2610.99 on June 20. Its companies trade at 12.4 times estimated profit, the lowest level in a month, data compiled by Bloomberg show.

A gauge tracking financial companies in the CSI 300 accounted for 25 percent of the main index's advance.

The financials gauge trades at 9.2 estimated profit, the lowest valuation in a month, according to Bloomberg data. Shenzhen Development Bank Co gained 2.1 percent to 17.23 yuan ($2.67).

"Authorities may choose intentionally to slow GDP growth gradually but firmly to 7 to 8 percent in following years and spend more time fixing the problems created by artificial fast growth," Minggao Shen, an analyst at Citigroup, wrote in the report on Monday.

The accident will slow the pace of investment "at least in the near term" in subways, bridges and roads as well as in high-speed rails, which will affect demand for commodities, according to the note. Airlines will benefit in the near-term from reduced competition, Shen wrote.

China Eastern, the nation's second-biggest carrier, surged 10 percent to 5.60 yuan, its biggest gain since March 2009. The company's Hong Kong-listed shares were raised to "outperform" from "inline" at Standard Chartered PLC. China Southern Airlines Co, the nation's largest carrier, jumped 9.2 percent to 8.68 yuan.

"The train accident has raised concern that the government will tighten approvals of investment projects going forward," said You Bainian, a Shanghai-based fund manager at Fortune SGAM Fund Management Co, a venture with the asset management unit of Societe Generale that manages $6.2 billion.

CSR slid 3.6 percent to 5.82 yuan, the lowest close since Oct 12. China CNR Corp, the nation's second-biggest train maker, slipped 4.1 percent to 5.63 yuan.

China Railway Construction Corp, the builder of more than half the nation's rail links since 1949, lost 0.9 percent to 5.36 yuan.

Bloomberg News

主站蜘蛛池模板: 玖玖爱在线精品视频 | 欧美亚洲国产日韩 | 欧美中文字幕在线视频 | 热久久av| 国产美女福利 | 逼逼爱插插网站 | 色老大影院 | 影音先锋成人 | 婷婷丁香亚洲 | 久久综合五月天 | 亚洲精品一区在线 | 国产精品久久久久久69 | 黄色资源在线 | 欧美一区二区三区激情视频 | 亚洲精选一区二区三区 | 亚洲色图日韩 | 精品国产一区二区三区久久久蜜月 | 欧美精品入口蜜桃 | 日韩精品――色哟哟 | 国产精品欧美精品 | 欧美69av | 国产一级自拍 | 精品日日夜夜 | 永久免费毛片在线观看 | 麻豆一二三区 | 日韩亚洲欧美在线观看 | 免费av网站在线看 | 日韩成人精品 | 亚洲男人天堂网 | 久久黄色网| 视频一区国产 | 超碰伊人 | 国产午夜精品一区二区三区嫩草 | 午夜久 | 欧美成人高清在线 | 深爱五月网 | 生猴子在线观看免费视频 | av导航在线| 天天综合色网 | 风间由美一区二区三区 | 色爱综合网|