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SSEC* 1,921.38 -3.67% 10:00
SZSC* 6,187.17 -3.42% 10:00
HSI 14,902.34 -6.85% 15-10
JKSE 1,520.41 -2.29% 15-10
AORD 4,272.50 -0.90% 15-10
N225 9,547.47 +1.06% 15-10
KLSE 949.88 -1.67% 15-10
SET 481.50 -3.85% 15-10
STI 2,059.39 -3.24% 15-10


eScoop

Chinese Stocks Slump on Weakening Confidence
on 15-Oct-2008 17:29
The Chinese markets slid for a second straight day on Wednesday, primarily due to the negative reaction in the resource sector to a big retreat in export volumes and global coal prices. Both China Shenhua Energy and China Coal Energy, the Nos. 1 and 2 coal producers, slumped by more than 3%.

The benchmark Shanghai Composite Index finished at 1,994.67, down 22.65 points, or 1.12%. The Shenzhen Component Index was also down, ending the day at 6,406.35, down 66.77 points, or 1.03%. Aggregate turnover shrank by more than 40% from the previous session to come in at RMB 42 bln.

A glance at the market heavyweights shows that the nation's three biggest insurers were still short of girth, as China Life, China Pacific and Ping An Insurance all slid by more than 2%. The property and banking sectors were the two bright spots on the board. China Vanke climbed by 3.39% and China Merchants Bank, the country's most profitable lender, edged up 1.81%.


Announcement Samples


[600962] Company to Open New Securities Account in Singapore
(15-Oct-08)

[600808] RMB 4 Bln Medium-term Notes Issue Approved
(15-Oct-08)

[600505] 2H 2008 and 1H 2009 Loan Scheme Approved
(15-Oct-08)

[600328] 120% Net Profit Increase Estimated for 1Q-3Q
(15-Oct-08)

[600193] Cash Dividend of RMB 0.35 to be Paid
(15-Oct-08)

[600679] Stock Falls by 20% to 14 Oct 2008
(15-Oct-08)


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