Arab Today, arab today china stocks drop after money supply data
Last Updated : GMT 12:14:46
Arab Today, arab today
Arab Today, arab today

China stocks drop after money supply data

Arab Today, arab today

Arab Today, arab today China stocks drop after money supply data

Beijing - XINHUA

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.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china stocks drop after money supply data Arab Today, arab today china stocks drop after money supply data

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china stocks drop after money supply data Arab Today, arab today china stocks drop after money supply data

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday