Chinese share prices slump heavily

时间：2007-11-23 08:29:56

（单词翻译:单击）

BEIJING, Nov. 22 - Chinese share prices on Thursday slumped1 heavily as the benchmark Shanghai Composite Index, which covers both A and B shares, plunged2 230 points, or 4.41 percent, to 4,984.16 points at the close.

 

Heavy-weights such as PetroChina, China Pingan and Citic Securities led the downward trend.

 

PetroChina, the country's largest oil producer, lost 4.64 percent to 35.11 yuan on the fourth day of its entry into the Shanghai Composite Index list.

 

China Pingan dropped 7.78 percent to 106.89 yuan. Citic Securities slumped 6.39 percent to 87.24 yuan.

 

Less than 100 stocks gained in the two markets which saw more than 1,200 losses. This could be a reaction to the corrections of the U.S. and Hong Kong markets, dealers3 said.

 

Analysts4 said the market is under pressure resulting from insufficient5 capital, as capital chasing sales of new stocks was locked in by the subscription6 process and the government's tightened7 monetary8 policy began to bite.

 

The heavy loss dampened investor9 sentiments as the combined turnover10 on the two bourses (Shanghai and Shenzhen) shrank to 99.6billion yuan from 103 billion yuan on the previous trading day.

 

The Shenzhen Component11 Index on the smaller Shenzhen Stock Exchange dived 798.8 points, or 4.77 percent, to 15,949.36 points.

 

The Hushen 300 Index, accounting12 for 60 percent of the nation's stock market value, was down 225 points, or 4.5 percent, to 4,772.62 points.(One U.S. dollar equals 7.41 yuan)

 
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1 slumped b010f9799fb8ebd413389b9083180d8d     
大幅度下降，暴跌( slump的过去式和过去分词 )； 沉重或突然地落下[倒下]
参考例句：
  • Sales have slumped this year. 今年销售量锐减。
  • The driver was slumped exhausted over the wheel. 司机伏在方向盘上，疲惫得睡着了。
2 plunged 06a599a54b33c9d941718dccc7739582     
v.颠簸( plunge的过去式和过去分词 )；暴跌；骤降；突降
参考例句：
  • The train derailed and plunged into the river. 火车脱轨栽进了河里。
  • She lost her balance and plunged 100 feet to her death. 她没有站稳，从100英尺的高处跌下摔死了。
3 dealers 95e592fc0f5dffc9b9616efd02201373     
n.商人( dealer的名词复数 )；贩毒者；毒品贩子；发牌者
参考例句：
  • There was fast bidding between private collectors and dealers. 私人收藏家和交易商急速竞相喊价。
  • The police were corrupt and were operating in collusion with the drug dealers. 警察腐败，与那伙毒品贩子内外勾结。
4 analysts 167ff30c5034ca70abe2d60a6e760448     
分析家，化验员( analyst的名词复数 )
参考例句：
  • City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
  • I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
5 insufficient L5vxu     
adj.(for，of)不足的，不够的
参考例句：
  • There was insufficient evidence to convict him.没有足够证据给他定罪。
  • In their day scientific knowledge was insufficient to settle the matter.在他们的时代，科学知识还不能足以解决这些问题。
6 subscription qH8zt     
n.预订，预订费，亲笔签名，调配法，下标（处方）
参考例句：
  • We paid a subscription of 5 pounds yearly.我们按年度缴纳5英镑的订阅费。
  • Subscription selling bloomed splendidly.订阅销售量激增。
7 tightened bd3d8363419d9ff838bae0ba51722ee9     
收紧( tighten的过去式和过去分词 )； （使）变紧； （使）绷紧； 加紧
参考例句：
  • The rope holding the boat suddenly tightened and broke. 系船的绳子突然绷断了。
  • His index finger tightened on the trigger but then relaxed again. 他的食指扣住扳机，然后又松开了。
8 monetary pEkxb     
adj.货币的，钱的；通货的；金融的；财政的
参考例句：
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
9 investor aq4zNm     
n.投资者，投资人
参考例句：
  • My nephew is a cautious investor.我侄子是个小心谨慎的投资者。
  • The investor believes that his investment will pay off handsomely soon.这个投资者相信他的投资不久会有相当大的收益。
10 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。
11 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。
12 accounting nzSzsY     
n.会计，会计学，借贷对照表
参考例句：
  • A job fell vacant in the accounting department.财会部出现了一个空缺。
  • There's an accounting error in this entry.这笔账目里有差错。

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