日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Center

Stocks rebound from sharp fall

By Dong Zhixin (chinadaily.com.cn)
Updated: 2007-05-31 16:31
Large Medium Small

Chinese stocks Thursday rebound in volative trade from the second sharpest fall in a decade that was caused by the tripling of stamp tax on stock trading.

The benchmark Shanghai Composite gained 1.40 percent to close at 4,109.65 points after moving between 3,858.04? and 4,178.10, reversing Wednesday's 6.5 percent plunge. The Shanghai and Shenzhen 300 Index rose 1.07 percent to 3,927.95.

Special coverage:
Stock Market

Stocks rebound from sharp fall

Video:
China Raises stamp tax

Stocks rebound from sharp fall

Related readings:
Stocks rebound from sharp fallStocks plummet nearly 7 percent
Stocks rebound from sharp fallGreenspan sees dramatic drop in?stocks

Stocks rebound from sharp fallInvestors may be not too crazy after all

Stocks rebound from sharp fallStock-buying fever grips China
Stocks rebound from sharp fallChina stocks break key barrier

Stocks rebound from sharp fallChina raises bank reserve ratio to 11%

Stocks rebound from sharp fall
China stocks recover lost ground
Stocks rebound from sharp fall
Stocks fall as inflation accelerates

T he recovery was largely driven by blue chip stocks as some investors thought a lesson should be learned from Wednesday's fall was they should invest in blue chips to hold them for months or even years, instead of trading small, speculative stocks.

Bank stocks staged strong performances, with Pudong Development Bank being the biggest gainer, jumping to its daily limit of 10 percent to close at 33.76 yuan per share. Huaxia Bank soared 8.27 percent to 13.09 yuan, followed by China Merchants Bank which surged 8.22 percent to 21.72 yuan.

The Industrial and Commercial Bank of China rose 3.01 percent to 5.48 yuan, while Bank of China went up 4.56 percent to 5.73 yuan.

Sinopec was also strong. It jumped its 10 percent daily limit to 14.85 yuan after gaining more than two percent on Wednesday.

However, only 343 out of more than 1,400 stocks in the Shanghai and Shenzhen Stock Exchanges posted gains as investors remained jittery about potential further moves by the government to cool down the market.

On Tuesday night, the Ministry of Finance announced the stamp tax on stock trading will be raised to 0.3 percent to 0.1 percent, prompting the second sharpest fall in a decade. The biggest fall happened on February 27 when the Shanghai Composite Index nosedived nearly nine percent, which was partly blamed for a global sell-off.

The real impact of the duty hike is on the market sentiment, said Tao Dong, chief China economist of Credit Suisse First Boston. "Actually what the market cares now is not the change in stamp tax, but the further tightening measures the government might take."

Tao Dong believed the duty increase is just one measure in the government's tool box to cool down the market. "More measures are likely to follow," he said.

Deutsche Bank chief China economist Ma Jun echoed Tao's points, but he thought whether regulators will take more actions depend on the development of the market in the days, or weeks ahead.

"If the market pulls back 15-20 percent, which is what the government would like to see, then maybe there will be no more harsher policies," Ma said. However, if the market ignores the signal and continues to soar, for example, rising 20 percent in a month, then the stamp tax might be further raised, he said.

There is also a speculation that the government will levy capital gains tax and abolish the interest tax soon, but has been rejected by a State Administration of Taxation official.

"In the short-term, there will be no policy on the levy of capital gains tax or the abolition of interest tax," the official was quoted as saying by Beijing News on Thursday.

However, whether the assurance will be well received by investors remained unknown. The Ministry of Finance denied the rise of stamp tax on May 23, but announced the hike six days later.

Trading was heavy on Thursday, albeit not as active as the previous session. Turnover in the Shanghai Stock Exchange hit 239.52 billion yuan compared with Wednesday's 271.29 billion yuan, while volume in the Shenzhen bourse topped 121.94 billion yuan against 135.84 billion yuan on Wednesday.

分享按鈕
主站蜘蛛池模板: 国产成人综合亚洲动漫在线 | 亚洲精品午夜在线观看 | 亚洲一区二区三区免费观看 | 欧美一区二区三区爽大粗免费 | 国产一级视频 | 噜噜噜色网 | 九九久久亚洲综合久久久 | 亚洲毛片视频 | 丝袜美腿一区 | 五月婷婷综合在线视频 | 亚洲欧美中文日韩在线v日本 | 免费国产自久久久久三四区久久 | 欧美精品aaa久久久影院 | 国产精品久久久久久52AVAV | 蜜桃精品久久久久久久免费影院 | 久久国产精品视频 | 国产一区二区三区久久久久久久久 | 亚洲永久 | 亚洲精品国产福利在线观看 | 91在线播放视频 | 一本大道久久a久久综合 | 色综合久久88色综合天天 | 欧美一级α | JLZZJLZZ亚洲乱熟在线播放 | 久久av二区| 小明台湾www永久视频 | 美女用震蛋叫爽的视频95视频 | 视频在线观看一区二区 | 在线成人av观看 | 另类五月天 | 夜夜操天天操 | 日本一区二区视频 | 大开眼界电影完整在线看 | 九九免费在线视频 | 久久久久久成人精品 | 亚洲一区二区三区福利在线 | wwwav在线| 殴美一区| 亚洲久草视频 | 久久草在线视频免费 | 日本精品二区 |