综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

Stocks jump after end of freeze on funds

By Dong Zhixin (chinadaily.com.cn)
Updated: 2008-02-04 11:42

Chinese stocks rebounded sharply on Monday to recover part of the steep losses in the past two weeks, after regulators ended a five-month freeze on stock-oriented investment funds.

At mid-day, the benchmark Shanghai Composite Index gained 6.23 percent to 4,590.11 points, after hitting a six-month low at 4317.91 on Friday. The gauge lost some 20 percent since mid-January due to concerns about the fallout from a possible US recession and worries about tight monetary policy.

Monday's rally came after the China Securities Regulatory Commission (CSRC) gave the green light to CCB Principal Asset Management Co. and China Southern Fund Management Co to launch two funds expected to raise 14 billion yuan for equity investment.

In addition to injecting more cash into the market, the release was seen as a sign that regulators would not like to see further falls, boosting the confidence of investors who were wondering last week whether the bull run is coming to an end.

Analysts also saw Monday's rise as a natural rebound after several days of deep falls which were called an over-reaction to a global sell-off.

Gains on Wall Street on Friday also helped boost investor faith, as China's equity market is increasingly integrated with their global counterparts, albeit mainly in psychology.

More than 90 percent of the stocks in Shanghai and Shenzhen posted gains.

Aluminum Corp of China Ltd jumped to its 10 percent daily limit, after its parent Chinalco said it teamed up with US aluminium producer Alcoa to buy 12 percent of Rio Tinto.

PetroChina which has the biggest weighting in the Shanghai Composite Index jumped 4.55 percent to end the morning session at 25.53 yuan per share, against a 6.51 percent increase alongside its rival Sinopec.

Industrial and Commercial Bank of China, the country's biggest lender, rallied 6.84 percent to 7.19 yuan, followed by a 5.81 percent gain in Bank of China.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
永春县| 凭祥市| 巢湖市| 常熟市| 镇远县| 定陶县| 永平县| 龙胜| 洱源县| 应城市| 当雄县| 海阳市| 顺平县| 昂仁县| 汉川市| 鄂温| 苏州市| 平远县| 永昌县| 古交市| 花莲市| 乳山市| 隆德县| 文水县| 扶余县| 乐陵市| 宁德市| 娄底市| 得荣县| 塔城市| 丰原市| 新竹市| 彩票| 习水县| 康马县| 上饶市| 兖州市| 鹿泉市| 璧山县| 泊头市| 揭西县|