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

   

China stocks up in late rally

By Dong Zhixin (chinadaily.com.cn)
Updated: 2007-06-26 17:05


Investors monitor the movement of stock prices at a brokerage firm in Wuhan, Central China's Hubei Province June 25, 2007. [newsphoto]

Chinese stocks posted slight gains on Tuesday after a late rally driven by blue chips, reversing two straight days of sharp losses.

The benchmark Shanghai Composite Index gained 0.82 percent to close at 3,973.37 after moving between 3,863.25 and 3,976.19 points. It lost 3.29 percent on Friday and 3.68 percent on Monday.

The index was in negative territory for most of the day, as investors remained jittery about further government measures to cool down the economy and curb inflation. There were also worries about interest rate hikes and the abolition of tax on interest accrued from deposits.

However, in the last 30 minutes of the trading session, the index started to recover the lost ground, buoyed by blue chip stocks.

Sinopec, Asia's largest oil refiner, rose 1.04 percent to end at 13.61 yuan per share, as opposed to a 5.74 percent drop in the previous session due to the uncertainty about the refiner after its chairman Chen Tonghai resigned abruptly for "personal reasons."

Air China, the country's biggest international airliner, soared 5.68 percent to 10.24 yuan after announcing the sale of its 416 million yuan stake in West China Securities in its latest drive to dispose of non-core assets.

Bank shares were also strong, with the Industrial Bank being the biggest gainer, rising 3.87 percent to 34.32 yuan. The Industrial and Commercial Bank of China gained 0.6 percent to 4.99 yuan, while the Bank of China went up 0.4 percent to 5.03 yuan.

Analysts expect the market to fluctuate for the next days or even weeks in the face of a series of unfavorable factors.

Central bank governor Zhou Xiaochuan said during the week another interest rate hike could not be ruled out because inflation might rise "a little bit" further.

Furthermore, several red-chip companies - mainland firms, which are registered and listed overseas - might sell stocks in the Shanghai or Shenzhen stock exchanges within the next two months. That was widely seen as an attempt by authorities to cool the market through a greater supply of shares.

This week, China's parliament is expected to consider a plan for the Ministry of Finance to issue as much as US$200 billion of yuan bonds domestically to fund purchases of foreign reserves for a new overseas investment agency.

What also affects the market is word that the parliament might authorize the State Council on Friday to reduce or cancel the tax on interest accrued from deposits in an attempt to slow down the diversion of bank savings to the stock market.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
主站蜘蛛池模板: 色综合视频在线观看 | 成人在线视频免费观看 | 97精品一区二区视频在线观看 | 欧美成人精品欧美一级私黄 | 91日韩精品 | 亚洲特级毛片 | www.亚洲一区二区 | 午夜精品久久久久久久久久久久 | 伊人影院综合 | 天天草视频 | 在线成人毛片 | 日韩在线视频免费看 | 在线看片日韩 | 丁香色综合 | 亚洲天堂免费视频 | 一区二区三区四区视频 | 日韩中文在线视频 | 日韩性高潮 | 色国产精品 | 99成人| 欧美日韩在线视频播放 | 激情五月激情综合 | 老汉色av| 综合色av | 中文亚洲欧美 | 免费成人在线网站 | 国产精品免费观看视频 | 日韩在线视频免费看 | 婷婷射 | 性网爆门事件集合av | 在线婷婷 | 成人高清在线视频 | 国产911| 神马一区二区三区 | 最新中文字幕在线观看 | 四虎影视av | 黄色777| 九色影院| 国产美女激情视频 | 伊是香蕉大人久久 | 国产精品二区在线观看 |