The benchmark Chinese stock index closed 0.17 percent lower on Wednesday with financial shares leading declines after central bank data showed money supply growth slowed last year. The benchmark Shanghai Composite Index went down 0.17 percent, or 3.49 points, to finish at 2,023.35. The Shenzhen Component Index gained 0.04 percent, or 3.03 points, to close at 7,668.80. Combined turnover of the two bourses expanded to 155.20 billion yuan (25.44 billion U.S. dollars) from 146.4 billion yuan on the previous trading day. Data from the central bank showed the country's lending in 2013 moderated and growth of broad money supply eased, triggering fears that credit tapering will continue in 2014. The broad measure of money supply (M2), which covers cash in circulation and all deposits, jumped 13.6 percent in 2013, growing 0.2 percentage points less than in 2012, the central bank figures showed. Huaxia Bank declined 2.44 percent to 8.01 yuan per share. China Citic Bank lost 2.41 percent to 3.64 yuan per share and Shanghai Pudong Development Bank decreased 1.81 percent to 9.23 yuan per share. A total of 12 bank or brokerage shares fell by more than one percent. The alcohol sector was also weak after the Chinese President Xi Jinping on Tuesday stressed that the anti-graft fight is vital for the Party's integrity in the long term, promising to seriously punish every corrupt official being caught. Kweichow Moutai Co., China's top liquor brand, sank 2.10 percent and Wuliangye, another industry leader, lost 1.90 percent. Bucking the trend, the ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, surged 1.03 percent, or 14.41 points, to end at 1,415.32 points on Wednesday.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor