Related News
Shares fall on liquidity concerns
Print Edition
CHINESE stocks fell yesterday amid liquidity concerns.
The Shanghai Composite Index lost 0.5 percent to 3,280.46 points. The Shenzhen Component Index ended 0.8 percent lower at 11,005.5. The ChiNext Index, which tracks China’s Nasdaq-style board, tumbled 1.32 percent to 1,755.81.
Market sentiment was dimmed as lock-up shares worth nearly 110 billion yuan (US$16.7 billion) will become tradable this week, the largest amount in a week this year, which will drain liquidity, analysts said.
Chinese suppliers of Apple fell over iPhone X sales concerns. GoerTek, which derives a fifth of its revenue from Apple, lost 4.05 percent. Lens Technology Co sank 8.44 percent, and Lianchuang Electronic Technology shed 7.35 percent.
- 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.
