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 | 08:59pm 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

Latest news
Date Title
3m ago CENTRAL PEOPLE GOVERNMENT OF PEOPLE RE : VAT reform reduces tax
3m ago APPEA AUSTRALIAN PETROLEUM PRODUCTION & EXPLORAT : ERF detail crucial for international competitiveness
5m ago WAL MART STORES : Seiyu to close 30 unprofitable stores from 2015
8m ago TOSOH : Fiscal 2015 Consolidated Results Forecast Revision
8m ago TOSOH : Fiscal 2015 First Half Consolidated Results
13m ago IKEGAMI TSUSHINKI : Brentwood baptist church makes hd easy with hdk-55
13m ago IKEGAMI TSUSHINKI : The university of tennessee goes 3g with hdk-95c
16m ago GUINNESS NIGERIA : NAFDAC Lauds Guinness Nigeria On Compliance, Warns Counterfeiters
19m ago TRANSOCEAN LTD. : Announces Third Quarter 2014 Earnings Release Date And Conference Call Information
19m ago AISIN SEIKI : Notice Concerning Distribution of Divideds from Surplus for FY2015
Latest news
Advertisement
Hot News 
EQUINIX : to Attend NAREIT REITWorld 2014 Conference (MEDIA ALERT)
DEUTSCHE LUFTHANSA : Lufthansa cuts 2015 forecast on global economic slowdown
ADDUS HOMECARE : posts 3Q profit
PREMIER FARNELL : element14 expands heavy-duty circular connectors portfolio for industrial and military applications in Asia-Pacific
CIGNA : Top Seattle Pain Management Center, Seattle Pain Relief, Now Accepting Over 10 PPO Insurances
Most Read News
1d ago Hiring business drives LinkedIn's revenue beat
1d ago Starbucks Americas sales disappoint on softer traffic
1d ago CHINA MENGNIU DAIRY : Mengniu and Danone Strengthen Strategic Alliance as Danone Subscribes to a Private Placement by Yashili
1d ago ENERGEN : tops Street 3Q forecasts
1d ago FLUOR NEW : ICA Fluor Awarded Fabrication Contract for Shell’s Heavy Oil Extraction Project in Canada
Most recommended articles
22m agoDJWal-Mart Weighs Matching Online Prices During Holidays--Update
25m agoDJFormer Android Leader Andy Rubin Leaving Google
27m ago Danone to buy 25 percent of Chinese dairy firm Yashili for $550 million
31m ago Wal-Mart to expand discounts as retail price war heats up
42m ago Japan coalition Komeito official says hard to raise sales tax as scheduled
Dynamic quotes  
ON
| OFF