Chinese shares slump 4.8 pct

时间：2007-10-26 07:47:07

（单词翻译:单击）


 
Oct. 26 - Chinese stocks tumbled 4.8 percent on Thursday as the latest macroeconomic figures sparked market concerns over tightening1 policies to curb2 the economy from overheating.

 

The Shanghai Composite Index, which covers both A and B shares, closed at 5,562.39 points, down 280.72 points from the previous close.

 

The Shenzhen Component3 Index on the smaller market ended at 18,175.31 points, down 3.13 percent.

 

More than 1,280 stocks out of the total 1,497 suffered losses and only 70 gained.

 

Combined turnover4 of two markets rose to 183.7 billion yuan (24.5 billion U.S. dollars), compared with 166.2 billion yuan on Wednesday.

 

According to official data released on Thursday, China's consumer price index (CPI), a key inflation indicator5, rose by 4.1 percent in the first nine months over the same period last year. The CPI eased slightly to 6.2 percent in September after surging to an 11-year monthly high of 6.5 percent in August.

 

"The CPI figures prompted concern over further interest rate hikes, which in turn led to the slump," said Qiu Yanying, an analyst6 with Shanghai Tianxiang Investment Consulting.

 

"PetroChina's return to A-share market also weighed on the market," said Qiu.

 

The country's largest oil producer announced on Wednesday that it had set the price range of its A-share Initial Public Offering (IPO) at 15 to 16.7 yuan per share.

 

If its IPO price is fixed7 at 16.7 yuan per share, the oil giant would be able to raise a record-breaking 66.8 billion yuan from its imminent8 Shanghai listing, surpassing the 66.58 billion yuan achieved by China Shenhua Energy Company, the country's largest coal producer, earlier this month.

 

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1 tightening 19aa014b47fbdfbc013e5abf18b64642     
上紧，固定，紧密
参考例句：
  • Make sure the washer is firmly seated before tightening the pipe. 旋紧水管之前，检查一下洗衣机是否已牢牢地固定在底座上了。
  • It needs tightening up a little. 它还需要再收紧些。
2 curb LmRyy     
n.场外证券市场，场外交易；vt.制止，抑制
参考例句：
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。
3 component epSzv     
n.组成部分，成分，元件；adj.组成的，合成的
参考例句：
  • Each component is carefully checked before assembly.每个零件在装配前都经过仔细检查。
  • Blade and handle are the component parts of a knife.刀身和刀柄是一把刀的组成部分。
4 turnover nfkzmg     
n.人员流动率，人事变动率；营业额，成交量
参考例句：
  • The store greatly reduced the prices to make a quick turnover.这家商店实行大减价以迅速周转资金。
  • Our turnover actually increased last year.去年我们的营业额竟然增加了。
5 indicator i8NxM     
n.指标；指示物，指示者；指示器
参考例句：
  • Gold prices are often seen as an indicator of inflation.黃金价格常常被看作是通货膨胀的指标。
  • His left-hand indicator is flashing.他左手边的转向灯正在闪亮。
6 analyst gw7zn     
n.分析家，化验员；心理分析学家
参考例句：
  • What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
  • The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。
7 fixed JsKzzj     
adj.固定的，不变的，准备好的；(计算机)固定的
参考例句：
  • Have you two fixed on a date for the wedding yet?你们俩选定婚期了吗？
  • Once the aim is fixed,we should not change it arbitrarily.目标一旦确定，我们就不应该随意改变。
8 imminent zc9z2     
adj.即将发生的，临近的，逼近的
参考例句：
  • The black clounds show that a storm is imminent.乌云预示暴风雨即将来临。
  • The country is in imminent danger.国难当头。

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