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

US EUROPE AFRICA ASIA 中文
Business / Markets

Bulls keep bears at bay on bourses

By Li Xiang (China Daily) Updated: 2015-07-18 08:07

Bulls keep bears at bay on bourses

An investor checks stock prices at a securities brokerage in Nanjing, capital of Jiangsu province, on Friday. [Photo provided to China Daily by Su Yang]

Benchmark index climbs 3.51 percent in Shanghai as concerns ease, say officials

Equities recovered on Friday, alleviating investor concerns that trading of stock index futures on the contract expiration day could potentially cause sharp market volatility.

The benchmark Shanghai Composite Index gained by 3.51 percent to close at 3,957.35 points. The Shenzhen Component Index that tracks smaller companies also rose by 5.24 percent to close at 1,3004.96 points.

Friday had been considered by many "the day of the battle" between the bulls and bears as investors are scheduled to settle their July stock index futures contracts which would likely cause wild market swings.

The futures market has been trading at a discount to the current market level, raising fears that the bears who have been shorting the market would further knock down the spot index to gain greater profits.

"In fact, most traders like me have cleared their positions or switched to the position for contracts of next month before the July contract expires. So there would unlikely be much of a price swing on the final day," said Li Xinran, an individual futures trader.

Short selling through futures trading has been blamed for the recent stock market correction which erased nearly $4 trillion of market value in a matter of weeks and prompted the government to adopt a series of measures to prop up the market.

Securities regulators and the police have investigated companies that are suspected to have manipulated the market by trading stock index futures.

China launched trading of stock index futures in 2010, which for the first time offered investors the tool to hedge risk and short the market in anticipation of falling stock prices. Previously, investors could only make profit when the market rises.

But some analysts warned that it is too early to claim that the bulls have won. The August futures contract for stock index CSI 300, which tracks major blue chips in both Shanghai and Shenzhen bourses are traded at a discount to the current market level, indicating that most traders are still anticipating a falling market in the future.

Meanwhile, foreign investors have been reducing their exposure to the A-share market over concerns that the latest government intervention would limit the trading accessibility of the market.

Deng Ge, a spokesman of the China Securities Regulatory Commission told a news conference on Friday that the regulator will support the launch of the Shenzhen-Hong Kong Stock Connect at an appropriate time.

The trading link is similar to the one between Shanghai and Hong Kong, a pilot program launched last November that opened the A-share market to overseas investors.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 狠狠夜夜| 福利一区三区 | 欧美在线日韩在线 | 精品免费一区二区三区 | 欧美日韩中文字幕在线视频 | 国产成人二区 | 超碰精品在线 | 久久久888| 亚洲欧美另类一区 | 国内精品久久久久久久久 | 亚色视频在线观看 | 亚洲国产精品一区 | 亚洲一区二区三区视频在线 | 亚洲精品中文字幕在线观看 | 久久中文一区 | 欧美日韩亚洲色图 | 咪咪av| 国产日本一区二区 | 久久久小视频 | 桃色一区 | 国产人成在线 | 日韩av自拍 | 亚洲第一成网站 | 国产精品高清在线观看 | 在线免费黄色 | 免费看h | 久久国产精品网站 | 视色,视色影院,视色影库,视色网 | 精品久久成人 | 99精品视频在线观看 | 91精品国产一区二区三区蜜臀 | 五月亚洲| 白嫩在线| 免费啪啪网 | 欧美日韩中文视频 | 青草草在线视频 | 91精品视频在线播放 | 成年人免费在线观看视频网站 | 在线观看国产欧美 | 亚洲黄色在线免费观看 | 大桥未久在线 |