免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

China stocks fall 5.3 percent to 16-month low

(Agencies)
Updated: 2008-06-27 17:57

China's most-watched stock index tumbled to a 16-month low Friday as markets across the region swooned in reaction to crude oil spiking above $140 a barrel for the first time.

The benchmark Shanghai Composite Index sank 153.42 points, or 5.3 percent, to 2,748.43 points, the lowest close since February 9, 2007.

Special coverage: Stock Market

Relatedreadings: Regulator vows to stabilize market Fight with stock irregularities Shanghai stock index falls 6.5%Stock index up 5% A measure of stability for market

The Shenzhen Composite Index for China's smaller second market closed down 6.02 percent at 795.859 points.

The losses also came after US stocks sank Thursday, with the Dow Jones industrial average declining more than 3 percent to its lowest level in almost two years. Oil prices rose as high as $141.71 in Asian trading, a record.

One Shanghai-based analyst said the benchmark index could fall to between 2,500 and 2,400 points.

China's most-watched stock index tumbled to a 16-month low Friday as markets across the region swooned in reaction to crude oil spiking above $140 a barrel for the first time. [Asianewsphoto]

"Though there seems to be no market-boosting measures released by government these days, we still insist that they won't let the capital market fade away, epecially with the coming of the Olympics," said Zhang Xiuqi, analyst at Guotai Junan Securities.

Institutional investors are becoming disappointed with the authorities for staying hands-off during this year's slide, said Xu Zhiyuan, strategist at Capital Edge Investment and Management in Shanghai. "Investors are selling shares regardless of the loss," he said.

Huaneng Power International Inc. was one of the hardest-hit stocks Friday, falling 9.96 percent. Airlines also suffered from the oil news, with China Eastern Airlines falling 9.7 percent and China Southern Airlines falling 9.47 percent.

Friday's drop followed a quiet day Thursday in China's markets.