Arab Today, arab today china\s stocks pull back friday after strong gains
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

China\'s stocks pull back Friday after strong gains

Arab Today, arab today

Arab Today, arab today China\'s stocks pull back Friday after strong gains

Beijing - Xinhua

China\'s stock markets pulled back on Friday after posting strong gains the previous day on the central bank\'s move to ease restrictions on lending. The benchmark Shanghai Composite Index dipped 1.1 percent, or 26.2 points, to close at 2,360.66. The Shenzhen Component Index shed 1.11 percent, or 109.63 points, to finish at 9,808.23. Combined turnover shrank sharply to 111.29 billion yuan (17.47 billion U.S. dollars), down from 178.8 billion yuan on the previous trading day. Losers outnumbered gainers 808 to 132 in Shanghai, and 1,194 to 166 in Shenzhen. The retreat followed a strong rally in the previous day after the country\'s central bank announced cutting banks\' reserves requirement ratio (RRR) by 50 basis points effective Dec. 5. Property shares were briefly lifted by the news, but failed to hold on to gains Friday. Shares of WorldUnion Properties slumped 6.91 percent to 12.39 yuan per share. Poly Real Estate shed 0.41 percent to close at 9.69 yuan. Electric power-related stocks dropped across the board. Huaneng Power International Inc. slid 5.88 percent to 4.48 yuan per share, while GD Power Development Co., Ltd. dipped 4.62 percent to 2.48 yuan per share. Bucking the trend, banking shares pulled up in the afternoon trading, with the Bank of Nanjing gaining 2.2 percent to end the day at 9.28 yuan per share.  

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\s stocks pull back friday after strong gains Arab Today, arab today china\s stocks pull back friday after strong gains

 



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\s stocks pull back friday after strong gains Arab Today, arab today china\s stocks pull back friday after strong gains

 



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
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

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 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
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