China shares keep downword,declined 2.37%

Posted by admin on Aug 13th, 2009 and filed under Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

SSE 20090814

SSE 20090814

    Friday Morning,Driven by financial shares weakened,Chinese stock keeps downward.at the begining of morning trading session, the benchmark Shanghai Composite Index slumped 2.37 percent, or 74.47 points, to finish at 3,066.09.    The Shenzhen Component Index fell 1.57 percent, or 200.64 points, to 12,602.27.Gainers outnumbered losers by 95 to 790 in Shanghai and 78 to 695 in Shenzhen.

     By Yesteday,    The index has declined more than 10 percent since Aug. 4. The correction shows investors’ prudence on concerns the market has been overvalued. In addition, economic figures released earlier this week fell short of market expectations, said dealers.    Non-ferrous metals stocks led Thursday’s gains, jumping 3.85 percent. Yunnan Copper Co., China’s third biggest producer of the metal, rose by the daily 10 percent limit to end at 33.09 yuan.

2 Responses for “China shares keep downword,declined 2.37%”

  1. iamdaj says:

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  2. green bean says:

    Can any type of metal be taken in for recycling? Of course, I am sure they can in one way or another, but will the recycling centers pay you for any kind of metal? Even like steel? I have a ton of stuff in my yard I would totally be willing to bring down to the closest recycling plant if I was certain they would give me $ in return.

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