Arab Today, arab today chinese shares extend losses friday
Last Updated : GMT 19:02:12
Arab Today, arab today
Arab Today, arab today

Chinese shares extend losses Friday

Arab Today, arab today

Arab Today, arab today Chinese shares extend losses Friday

Chinese stocks
Beijing - XINHUA

Chinese stocks continued to slip on Friday, adding to recent fluctuations caused by market jitters ahead of the release of economic data scheduled for next week.

The benchmark Shanghai Composite Index closed down 0.78 percent at 2,984.96 points, retreating below the 3,000-point psychological benchmark.

The smaller Shenzhen index went down 0.87 percent to end at 10,413.54 points. The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 0.83 percent to close at 2,229.93 points.

A slew of economic indicators for the first quarter, including GDP growth, inflation and trade, will be released by statistics authorities on April 15. Investors remained cautious due to lingering uncertainties about whether economic growth will hold steady or continue to slow.

The declines also followed big losses by U.S. stocks on Thursday. The Dow Jones Industrial Average fell 0.98 percent, while the S&P 500 shed 1.20 percent.

Shipmaking, securities and military sectors suffered the most, while companies in gold and steel production rose against the trend.

CITIC Securities analyst Sun Xiwei said the market is experiencing a prolonged period of fluctuation.

Previous market leaders in driverless cars and Internet finance have shown signs of weakening due to profit-taking, and market sentiment started to be weighed down by expectations of rising inflation and downward pressure of the renminbi, China's currency.

Despite the volatility, Sun predicted the market will trend upward thanks to a stabilizing economy and low systemic risks.

China's foreign exchange reserves rose in March, ending five consecutive monthly declines and easing fears about a weak yuan and capital outflow, official data showed.

The improvement will help restore investor confidence, Sun said.

Total turnover on the two bourses dropped markedly to 585.07 billion yuan (90.38 billion U.S. dollars), down from 698.56 billion yuan on the previous trading day.

Losers outnumbered gainers by 708 to 257 in Shanghai and 1,052 to 468 in Shenzhen.

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 chinese shares extend losses friday Arab Today, arab today chinese shares extend losses friday

 



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 chinese shares extend losses friday Arab Today, arab today chinese shares extend losses friday

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Fighters celebrate Raqa victory

GMT 06:07 2017 Wednesday ,18 October

Fighters celebrate Raqa victory
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer 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