Latest News:  
Beijing   Overcast/Cloudy    13 / 5 ℃  City Forecast

English>>Business

Chinese stocks open below 2,000 Wed.

(Xinhua)

13:34, November 28, 2012

BEIJING, Nov. 28 (Xinhua) -- Chinese stocks opened lower on Wednesday, with the benchmark Shanghai Composite Index opening at 1,984.48, down 0.34 percent from the previous close.

It was the first time in nearly four years that the Shanghai index opened below 2,000 points.

Chinese shares closed at 1,991.16 points Tuesday, the lowest level since February 2009, as investors worried over an anemic global economy and a shortage of liquidity on the stock market.

The Shenzhen Component Index opened at 7,914.32, down 0.28 percent.

Li Jian, an analyst with Everbright Securities Co., Ltd., said the indices might dip further below 2,000 points in the coming days as investors have failed to see government policies to shore up the market since the 18th National Congress of the Communist Party of China was held earlier this month.

The turning point may appear in mid-December, when the Central Economic Working Conference is slated to open, said Li.

Recommended Features:
Vibrant Opportunities amid Transition From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance
The Vision of A Pillar Industry China: A Fast-growing Force in IPR IPR in China: Local Roots Bearing Global Fruits
A Decade of Fastest Development Eastern Boom Lightens Western Gloom Chinese firms 'potential Trojan horses'?

Email|Print|Comments(Editor:李倩、梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Veterans reluctant to leave the barrack

  2. Peacekeeping taskforce returns home

  3. 'Milk rain' bothers Europe Union

  4. China launches new communication satellite

  5. 5 officials fired over kids' lunches

  6. China stocks extend losses

  7. Ancient Chinese royal ceremonial wear

  8. National Geographic photo contest collection

Most Popular

Opinions

  1. China's rise opportunity, rather than threat
  2. China's economy picking up steam
  3. Debt crisis handicaps EU foreign affairs
  4. US not a bystander of Israeli-Palestinian conflict
  5. What a successful woman needs ?
  6. Commentary: Experimental financial reforms
  7. Does culture matter for restoring old towns?
  8. China 'essential to European recovery'
  9. China's arms’s capacity for independent innovation
  10. China's economic growth well on recovery track

What’s happening in China

China launches new communication satellite

  1. Birth rule could be relaxed
  2. Scandal-hit liquor maker tumbles for 3rd day
  3. Parents who lost only child receive greater support
  4. Parents rage over delay in exam reform
  5. Chinese police told to ensure year-end security