Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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
04:06a NATIONWIDE CCDS CORE CAPITAL DEFERRED SHS MIN 250 CCDS : U.K. Nationwide HPI -0.2% vs. 0.5% forecast
04:06a RITE AID : BRIEF: Somersworth police searching for armed robbery suspect
04:06a STARWOOD HOTELS & RESORTS WORLDWIDE : on-track for its environmental goals 2020
04:06a AMEC FOSTER WHEELER : appoints new MENA president
04:06a DRAGON OIL : ENOC presses ahead with Dragon Oil acqusition
04:06a ZAMIL INDUSTRIAL INVESTMENT : Steel wins $5.4m turnkey deal in Jeddah
04:06a INTERNET OF THINGS : UAE heads IoT expert group at ITU
04:05a CAPITAL STAGE : DGAP-News: Bankhaus Lampe nimmt Coverage der Capital Stage AG auf
04:05a CAPITAL STAGE : DGAP-News: Bankhaus Lampe starts coverage of Capital Stage AG
04:05a AUSTRAL GOLD : 2 July 2015 - Change of Registered Office & Principal Place of Business
Latest news
Advertisement
Hot News 
REGENCY MINES : Issue of Equity and TVR
THERACLION : First Echopulse Reference Site in Asia: The University of Hong Kong Awards Tender to Theraclion
LOOSER : Press release - Quality assurance of the highest standard
SPECTRA SYSTEMS : Wins 9-Year Deal With Chinese Secure Documents Firm
CREDIT SUISSE : Hello Zurich: Tidjane shakes up Credit Suisse on his first day
Most Read News
07/01 U.S. sues to stop Electrolux acquiring GE's appliance business
07/01 PayPal to buy digital money transfer provider Xoom
07/01 Peak Venture Group Adopts the BitShares Network
07/01 Affinity, Carlyle among four shortlisted for Tesco South Korea unit sale - report
07/01DJChina Shares Tank as Beijing's Moves to Spur Buying Fall Short
Most recommended articles
04:00aDJLONDON MARKETS : FTSE 100 Wavers, But Dixons Carphone Climbs
04:00a EUR/USD to Eye 1.1000 Support on Strong U.S. Non-Farm Payrolls (NFP)
03:34a Euro zone inflationary pressures at four-year high - ECRI
03:34aDJErgomed Appoints Andrew Mackie as Chief Business Officer
03:31a RBS refers clients to Paribas for transaction services