Trade tension takes its toll on market

08:51, March 26, 2010      

Email | Print | Subscribe | Comments | Forum 

Mainland stocks fell the most in two weeks, led by developers and shippers, on concern rising trade tensions will hurt the outlook for exports and the government may further tighten policy to curb asset bubbles.

Cosco Shipping Co dropped 1.7 percent after Vice-Minister of Commerce Zhong Shan said pressuring China to revalue its currency won't succeed. Developer China Vanke Co declined 1.7 percent on prospects the government will add measures to limit property speculation. Baoshan Iron & Steel Co dropped for a fourth day on sliding metal prices.

The Shanghai Composite Index lost 37.63, or 1.2 percent, to close at 3019.18 on Thursday.

Source: China Daily
  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
Major headlines
Editor's Pick
  • Houston Rockets vs LA Clippers: 93-99
  • Stunning beauty of dotted lake in Canada
  • Different way to see things -- X-ray vision
  • First tyrannosaur rex bone discovered in southern hemisphere
  • Artist's impression: nuclear bombing
  • Russian bombers "intercepted in British airspace"
Most Popular
Hot Forum Dicussion