www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Chinese shares tumble after 'unverified' SOE consolidation

(Xinhua) Updated: 2015-04-29 09:28

Chinese shares tumble after 'unverified' SOE consolidation

Investors check share prices at a brokerage in Haikou, Hainan province, April 28, 2015. [Asianewsphoto by Shi Yan] 

BEIJING - Chinese stocks suffered a sharp decline on Tuesday after authorities said rumors of mergers and acquisitions of State-owned enterprises (SOEs) were "unverified".

The benchmark Shanghai Composite Index dropped 1.13 percent to finish at 4,476.22 points, and the Shenzhen Component Index lost 0.69 percent to close at 14,707.25 points.

The ChiNext Index, the Nasdaq-style board that tracks growth enterprises, declined 2.17 percent to end at 2,687.97 points.

Shares in oil; media and entertainment; furniture; and aircraft dipped substantially.

Media reports about possible SOE consolidation went viral Monday and propelled key stock indices to fresh highs.

"The story was written without interviewing or verifying with us," the State-owned Assets Supervision and Administration Commission said in a brief statement, without elaborating.

The equity market has seen bullish performance since last October, with the benchmark Shanghai Composite Index almost doubling in the past seven months.

Xiao Gang, head of the China Securities Regulatory Commission (CSRC), attributed the skyrocketing market mainly to continuous reform measures, which, he believed, stabilized market expectation and boosted investors' confidence.

Wu Xiaoqiu, a finance professor at Renmin University of China, echoed Xiao, but he also expressed fear of rising speculation in the market, citing the substantial daily turnover on the two stock exchanges.

Combined turnover amounted to 1.7 trillion yuan ($276.9 billion) on Tuesday, up from Monday's 1.6 trillion yuan. Turnover on the Shanghai Stock Exchange topped one trillion yuan for the second time this month.

Hu Zuliu, chairman of investment firm Primavera Capital Group, said Chinese shares were partly boosted by policy incentives like monetary easing, and it was not sustainable.

For many companies, stock prices have little to do with their financial performance, but rather so-called "insider information". Some stocks rose steeply in a very short time and surpassed their true value.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 草草影院ccyy | 日本一级做人免费视频 | 亚洲人在线 | 男人好大好硬好爽免费视频 | 日韩成人在线播放 | 欧美另类69xxxxx视频 | 国产精品国产三级国产an | 亚州一级毛片 | 亚洲精品xxxxx | 一区二区不卡在线 | 亚洲精品精品一区 | 国产欧美日韩亚洲 | 欧美精品一级毛片 | 亚洲一区二区三区影院 | 中文成人在线视频 | 久久99精品综合国产首页 | 国产喷水女王在线播放 | 毛片在线观看视频 | 欧美午夜在线观看理论片 | 美女的被男人桶爽网站 | 欧美高清一级片 | 久久九九精品视频 | 国产自在线观看 | 国产精品永久免费视频观看 | 在线看毛片网站 | 一区二区三区在线看 | 国产片在线天堂av | 欧美一级毛片一级 | 亚洲男同可播放videos | 夜色毛片永久免费 | 国产精品久久久天天影视香蕉 | 国产网曝手机视频在线观看 | 欧美亚洲视频在线观看 | 国产高清精品久久久久久久 | 国产成人精品免费久久久久 | 黑人巨大交牲老太 | 精品国产v | 欧美另类视频在线 | 欧美一级毛片免费大全 | 草草影院私人免费入口 | 国产女王s调视频vk 国产女王vk |