Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

MARKET COMMENT : China Shares Biased Down; Shanghai Floor At 2300

02/21/2013 | 07:59pm US/Eastern

0043 GMT [Dow Jones] China shares are likely to consolidate with a downward bias, weighed by weakness in U.S. stocks Thursday, analysts say. The Shanghai Composite Index may find immediate support at 2300 after ending down 3.0% at 2325.95 Thursday, its biggest drop in more than a year, as investors worried about a potential fresh crackdown on the country's rebounding property sector and weighed signs of tighter monetary conditions at home and abroad. "The market correction may extend in upcoming sessions as sentiment has been hurt by Thursday's slump," says Shenyin Wanguo Securities analyst Li Xiaoxuan. "We would suggest investors to stay on the sidelines for the time being," she adds. The Shenzhen Composite Index fell 2.0% to 950.01 Thursday. (amy.li@dowjones.com)

 
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com 
 
 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

React to this article
Latest news
Date Title
<1m ago MAS REAL ESTATE : Results of Shareholders’ Meeting.
<1m ago JAKS RESOURCES BERHAD : Quarterly rpt on consolidated results for the financial period ended 30/9/2014
<1m ago NOMURA REAL ESTATE RESIDENTIAL FUND : Notice Concerning the Completion of Property Disposition
<1m agoDJSwedish Economy Slows in Third Quarter -- Update
<1m ago RESEARCH AND MARKETS : How to get a CLIA Waiver for your Medical Device: One and a Half Day In-person Seminar 26th-27th February 2015 in San Diego, CA
1m ago DIXONS CARPHONE : *deutsche bank raises dixons carphone price target to 465 (400) pence - 'buy'
2m ago Greek economy expands 0.7 percent quarter-on-quarter in third-quarter
2m ago RESEARCH AND MARKETS : Solar PV Power in Romania, Market Outlook to 2025, Update 2014 - Capacity, Generation, Levelized Cost of Energy, Equipment Market, Regulations and Company Profiles
4m ago DASSAULT AVIATION : Delivers 100th Falcon Equipped with FalconBroadcast
4m ago VACON : Notification pursuant to Chapter 9, Section 10 of the Finnish Securities Markets Act
Latest news
Advertisement
Hot News 
DIXONS CARPHONE : Currys PC World stands poised for one order every second on Black Friday
AUGEAN : Chairman Buys 55,000 Shares (DIRECTOR DEALINGS)
RAMBLER METALS & MINING : Provides Reminder of Upcoming Events
MJ GLEESON : Expects Results To Beat Expectations On Strong Homes Unit
BG : *traders: nomura cuts bg group to 'reduce'
Most Read News
1d ago WHOLE FOODS MARKET : Jordan named president of Whole Foods’ Rockies division
1d ago GLENCORE : invests in Congo hydropower as solution to blackouts
1d ago SIMON PROPERTY : May Be Looking to Buy Macerich, Recent Transactions Indicate
1d ago MACERICH : 10 Must Reads for the CRE Industry Today (November 20, 2014)
1d ago NAVISTAR : New disaster-relief truck design unveiled
Most recommended articles
2m ago Greek economy expands 0.7 percent quarter-on-quarter in third-quarter
9m agoDJEU Issues Budget Warning to France, Italy, Belgium
13m agoDJSouth Korea Prepares for Coal Shipment From North
23m agoDJRussia's Economy Minister Says Prepare for Lower Oil Prices --Interfax
23m ago Japan may expand air bag recalls; worried about impact on industry
Dynamic quotes  
ON
| OFF