Sat, Aug 30, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Commodities Exchanges, Index more

China’s Shanghai Composite Index drops as commodity stocks fall

Posted on 06 July 2012

China’s stocks fell for a third day on concern the nation’s economic slowdown is deepening, overshadowing the central bank’s second interest-rate cut in a month. The Shanghai Composite Index slipped 5.9 points, or 0.3 percent, to 2,195.40 at 10:33 a.m. local time, erasing a gain of as much as 0.4 percent. The CSI 300 Index lost 0.1 percent to 2,429.21, led by energy and material companies.
China Vanke Co. surged 2.7 percent and property developers rallied on the prospect lower borrowing costs will stimulate housing demand. China Construction Bank Corp. fell 1 percent on concern bank net interest margins will narrow, hurting earnings………………………………Full Article: Source


 Article link

This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31