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 rise following interest rate hike

By Dong Zhixin (chinadaily.com.cn)
Updated: 2007-03-19 15:25

Chinese stocks reversed a slump upon opening to gain nearly three percent Monday as financial shares surged following an interest rate rise announced by the central bank at the weekend.

Special coverage:
Stock Market

Related readings:
Funds investment fever runs high in China
China faces liquidity, inflation pressure
Asian stocks plunge after US sell-off
US stocks plummet on lender woes
Central banker downplays market swings
Don't blame China for falling markets
Chinese unfazed as share markets tremble
Stocks fall as Ping An debuts
Stock plunge: Capitalism 101 for investors
Stocks recovered from record plunge
Stocks nosedive after record high close

The benchmark Shanghai Composite Index opened at 2,864.26, a decrease of 2.25 percent from the closing point of the previous session. However, the stocks, led by financial shares, started to recover the loss within twenty minutes.

At the close of the session, the Shanghai Composite Index gained 83.96 points, or 2.87 percent at 3,014.44. The Shenzhen Composite Index closed up 9.81 points, or 1.27 percent, at 784.57. The Shanghai and Shenzhen 300 index of major companies rose 55.19 points, or 2.12 percent to 2,659.41.

Financial shares took the lead in Monday's increase. The Industrial and Commercial Bank of China, the country's biggest lender, rose 4.65 percent to 5.18 yuan while China Life, China's largest life insurer, gained 4.38 percent to 35.29 yuan.

China Merchants Bank surged 5.41 percent to hit 16.36 yuan and Bank of China was up 5.8 percent to 5.29 yuan.

The gain was coupled with an expansion in trading. The volume in the Shanghai Stock Exchange hit 94.82 billion yuan, with 10.997 billion shares changing hands while the turnover in the Shenzhen Stock Exchange reached 46.76 billion yuan, with 895 million shares changing hands.

The surge came after the People's Bank of China raised benchmark one-year lending and deposit rates by 0.27 percentage point at the weekend, the third increase in less than one year.

Smaller lenders made bigger percentage gains, with Shanghai Pudong Development Bank up 9.8 percent to 25.37 yuan. China Minsheng Banking rose 7.9 percent to 11.90 yuan and Hua Xia Bank jumped 6.5 percent to 10.12 yuan.

The rate rise was the latest in a series of tightening measures to cool off the torrid economy which, as Premier Wen Jiabao said Friday, is facing a list of problems, including excessive investment, credit, liquidity and swelling foreign exchange reserves.

Despite the gains in the indexs and financial shares, the declining shares outnumbered the advancing ones in the two bourses by a ratio of 6 to 5.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: caoprom在线 | 日韩二区在线观看 | 四虎成人网 | 国产在线视频一区二区 | 亚洲a一区 | 爱情岛论坛自拍 | 国产福利午夜 | 成人av不卡| 九九热在线精品 | 国产毛片一级 | 91爱国产| 中文字幕一区二区不卡 | 久久视频这里只有精品 | 免费a级黄色片 | 91 久久| 国内精品视频一区 | www.av在线视频 | 亚洲五月花 | 欧美作爱视频 | 国产成人一级片 | 久久久久久久一区二区三区 | 国产视频二 | 久色免费视频 | 99热精品在线播放 | 欧美视频一区二区在线 | 黄在线观看 | 欧美脚交视频 | 国产精品成人免费视频 | 毛片视频大全 | 午夜亚洲国产 | 黑人精品一区二区 | 国产一区二区三区精品在线观看 | 国产探花视频在线观看 | 一本色道久久综合亚洲二区三区 | 中文字幕在线观看二区 | av在线超碰 | 天天舔天天操天天干 | 黄色一级网站 | 妞干网这里只有精品 | 裸体男女树林做爰 | 欧美激情视频一区二区三区 |