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
11:06a DARDEN RESTAURANTS : In brief: Olive Garden closes downtown Spokane location
11:03a JUVENTUS FOOTBALL CLUB : Champions League: Juventus coach Allegri warns over 'deadly' Barca
11:01a SPORTS DIRECT : Mike Ashley: Newcastle United is not for sale until the club wins a trophy
11:00a TATA MOTORS : Al hashar launches next generation tata prima, he world -smart trucks
11:00a LARSEN & TOUBRO : Partner in development
11:00a ZEBRA TECHNOLOGIES : unveils WiNG Express for SMBs in EMEA
11:00a CITRIX SYSTEMS : unveils Workspace Cloud
11:00a VOLVO : Expanding boundaries
11:00a GENERAL AUTOMOTIVE : Combining quality and durability
10:58a MAZDA MOTOR : Four killed, six injured in NE China road accident
Latest news
Advertisement
Hot News 
AMUR MINERALS : Kun-Manie Production Licence Awarded
CTRIP : Expedia Announces eLong Transaction
HAVELOCK EUROPA : Looks to the Future of Manufacturing in Fife
MIKRON : visiting a great British dish and a national institution ; DRAMA
SOITEC : Frances Soitec to sell solar activities to ConcenSolar
Most Read News
05/23 FIAT CHRYSLER CEO APPROACHED GM ABOUT A MERGER, WAS REBUFFED : Nyt
05/23 MANCHESTER UNITED : Premier League fans’ verdicts part 1: Arsenal to Manchester City
05/23 Daimler and Qualcomm to develop in-car tech, wireless charging
05/23 SPEEDWAY MOTORSPORTS : Tom Talks: This isn't my first rodeo
05/23 JUMA TECHNOLOGY : The Friday rush to be devout Muslims
Most recommended articles
09:10a Greece's Varoufakis admits to taping Eurogroup meeting
09:09a Irish government receives report on Aer Lingus sale
08:54aDJGerman Finance Minister Sees No Need to Discuss 'Alternatives' on Greece
08:11a After bruising safety crisis, U.S. car watchdog shows its bite
08:02aDJMARKET SNAPSHOT : Economic Data To Carry More Heft As Earnings Dry Up