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

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/22/2013 | 01:59am CEST

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news
Date Title
06:41a Downward pressure still high but China can hit GDP target - central bank adviser
06:30a ASEAN ASSOCIATION OF SOUTH EAST ASIAN NATIONS : Welcoming Remarks by H.E. Saleumxay KOMMASITH, Minister of Foreign Affairs of the Lao PDR at the Opening Ceremony of the 49th ASEAN Foreign Ministers’ Meeting
06:28a AIRBUS : Ethiopian Airbus A350 makes first landing in selected destinations
06:21a CIEL : Al Ahli set for major changes as Crystal Palace target Moussa Sow and Ciel departs for Ceara
06:20a MARMOTA ENERGY : West Melton Copper Drilling Results Received
06:20a MARMOTA ENERGY : Issue of Shares For Tenements Acquisition
06:19a MPHASIS : Q1 net pofit at Rs.2043.43 mn
06:19a HAVELLS INDIA : Q1 net profit at Rs.1455.80 mn
06:08a PORSCHE AUTOMOBIL SE : 911 GT3 to Hide its Manual Transmission
06:08a DIAMOND BANK : Listed among Top Customer Focused Banks
Latest news
Advertisement
Hot News 
4.80%STANLEY BLACK & DECKER : Names New CEO, Raises Guidance
-6.75%PAYPAL : Visa profit tops estimates on higher payments volume
-2.57%HONEYWELL : Cuts Revenue Guidance
11.88%ADVANCED MICRO DEVICES : Correction to AMD earnings article
8.51%TSX at highest close in year, 4th weekly gain; telecoms shine
Most Read News
07/23 Eckrich, Operation Homefront and Richard Petty Motorsports Honor Military Family
07/23 MANCHESTER UNITED : Sunderland snap up 'first choice' Moyes as boss
07/23 EXCLUSIVE : Tesla, SolarCity close to merger agreement
07/23 MICROSOFT : will spend up to $2.5B for 1.7M square-foot data center in Iowa, its largest in U.S.
07/23 MAROC : Forte hausse des exportations de l’usine Renault-Nissan de Tanger au 1er semestre 2016
Most recommended articles
12:41a Downward pressure still high but China can hit GDP target - central bank adviser
07/23 EXCLUSIVE : Tesla, SolarCity close to merger agreement
07/23 ELON MUSK : sources
07/23 Bottom line - brands chase China's high-end lingerie market
07/23 APPLE : weathers anti-U.S. demo in China, where patriotic protests snowball