Monday, December 20, 2010
A shares record biggest one-day drop in years.
<P> Daily News (reporter Zhou Jing Division) yesterday, both Shanghai and Shenzhen plunged sharply, the Shanghai index closed at 1604.55 points, down 53.14 points, Shenzhen Stock Index closed at 4165.43 points, down 205.03 points. .Joining the two cities hit the biggest one-day drop in years. .CITIC Securities analyst Sun Peng deep investment that the international stock markets fell sharply around the leading to the main reason for yesterday's stock market crash in China. .May 22, Southeast Asia stock markets also declined sharply, the Hong Kong Hang Seng Index fell 507 points, or up to 3.11%, the Indian Sensex index closed down 4.41%, the biggest intraday decline was 10%, due to daily limit, the Indian stock market suspended .transactions an hour. .Japan, Korea, Philippines, Thailand, China Taiwan and other Southeast Asian stock markets have both been around 2% to 3% drop in prices, Australia, France, Belgium, Denmark and other countries also affected the stock market. .After May 22 the sharp decline in the stock market in Southeast Asia were mixed yesterday, Hong Kong, Thailand, a slight rebound in the stock market, and Japan, the Philippines and other countries have to continue down the stock market, of which the Philippine stock market drop of 3.13%. .Sun Peng said that this Southeast Asian stock markets dive is due to the collective withdrawal of international speculative capital caused. .Two years, international hot money speculation in oil futures first, national market for petroleum, petrochemical stocks consecutive strong start; then launch another hot money headed by non-ferrous metal prices of copper, non-ferrous metal stocks appeared to soar; last hot money sniper gold, silver .Gold stocks also rise in a row. .These three stocks rose greatly stimulate the popularity of the stock market, Southeast Asia, the overall stock market began to take the cattle, also appeared in China's stock market more than 50% increase. .Recent international crude oil prices began to fall from a high speed, followed by copper, aluminum and other metals and gold and silver prices have plunged sharply. .Related areas focus on resource stocks suffered sell-off investors, driving down index, followed by speculative funds began to retreat in the stock market, Southeast Asia, the stock market index declined sharply. .Sun Peng believes that in this context, A-share market is difficult excepted, the next great step into the possibility of mid-course adjustments. .</ P>.
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