Related News
Export fall takes the wind out of shares
SHANGHAI stocks ended lower yesterday as investors were dampened by a report that China’s export orders fell by their fastest rate in 20 months.
The Shanghai Composite Index lost 0.56 percent to end at 3,228.84 points.
Investors were glum after learning that the HSBC’s latest factory activity report showed China’s export orders in February had shrunk by their fastest rate in 20 months.
Haitong Securities said the data also suggested the property market continued to cool while the coal electricity industry posted a downward trend.
Shenwan Hongyuan Securities said the annual parliamentary sessions in early March may offer good prospects for investors in state-owned enterprises undergoing reforms, companies in Shanghai’s free trade zone and new-energy vehicle firms.
Shanghai AJ fell 6.85 percent to 16.72 yuan (US$2.67), Avic Capital lost 4.91 percent to 20.13 yuan, and China Life Insurance shed 4.46 percent to close at 36.65 yuan.
- About Us
- |
- Terms of Use
- |
- RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.