Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page
Most Searched: G20  CPC  South China Sea  Belt and Road Initiative  AIIB  

China stocks bearish on possible U.S. rate hike

Source: Xinhua   2016-09-12 19:14:35

BEIJING, Sept. 12 (Xinhua) -- Chinese shares tumbled on Monday, under pressure from a possible U.S. rate hike.

The benchmark Shanghai Composite Index was down 1.85 percent to close at 3,021.98 points, and the Shenzhen component index closed 2.8 percent lower at 10,461.58 points.

The ChiNext Index, tracking China's NASDAQ-style enterprises, was down 2.61 percent to close at 2,145.56 points.

Most listed companies saw falling shares, with industrial giants in resources, finance and automobile sectors hit the hardest.

Zhongjin Gold lost 5.82 percent to close at 12.31 yuan (1.84 U.S. dollar), and Ping An Bank fell 2.35 percent to close at 9.16 yuan.

Analysts attributed global declines to rising concern that the U.S. Federal Reserve may raise interest rates soon. Stock markets in the United States, Japan and Hong Kong also suffered.

Combined turnover on the two bourses rose to around 540 billion yuan, from around 480 billion yuan on Friday.

Editor: An
Related News
           
Photos  >>
Video  >>
  Special Reports  >>
Xinhuanet

China stocks bearish on possible U.S. rate hike

Source: Xinhua 2016-09-12 19:14:35
[Editor: huaxia]

BEIJING, Sept. 12 (Xinhua) -- Chinese shares tumbled on Monday, under pressure from a possible U.S. rate hike.

The benchmark Shanghai Composite Index was down 1.85 percent to close at 3,021.98 points, and the Shenzhen component index closed 2.8 percent lower at 10,461.58 points.

The ChiNext Index, tracking China's NASDAQ-style enterprises, was down 2.61 percent to close at 2,145.56 points.

Most listed companies saw falling shares, with industrial giants in resources, finance and automobile sectors hit the hardest.

Zhongjin Gold lost 5.82 percent to close at 12.31 yuan (1.84 U.S. dollar), and Ping An Bank fell 2.35 percent to close at 9.16 yuan.

Analysts attributed global declines to rising concern that the U.S. Federal Reserve may raise interest rates soon. Stock markets in the United States, Japan and Hong Kong also suffered.

Combined turnover on the two bourses rose to around 540 billion yuan, from around 480 billion yuan on Friday.

[Editor: huaxia]
010020070750000000000000011106041356824051