Key stock index falls to 3-month low

时间：2007-11-28 06:55:48

（单词翻译:单击）

Nov. 28 - Jittery1 Chinese investors3 continued to dump their shares on Tuesday, sending a key stock index down to its lowest level in more than three months, amid a slump4 in the global market.

 

The benchmark Shanghai Composite Index fell 1.97 percent to close at 4,861.11 points, marking a loss of 20.64 percent since peaking on October 16.

 

In developed markets, a decrease of 20 percent or more in a 12-month period constitutes a bear market. However, analysts5 said this kind of definition does not apply to China, as emerging markets are prone6 to big fluctuations7.

 

The latest closing stood below the 120-day moving average deemed vital by those investors keen on technical analysis of the market. That might prompt more selling to prevent further losses, analysts said.

 

Other indicators8 also dropped. The Shenzhen Composite Index fell 1.56 percent to 1,239.41, while the CSI 300 Index of major companies in the two bourses declined 1.85 percent to 4,711.15.

 

Turnover9 in the two bourses shrank to less than 80 billion yuan, indicating weak investor2 confidence after a month of corrections. Investors are expected to stay out of the market in the coming days, analysts said.

 

The slump came as other markets also suffered a major sell-off. In Wall Street, the Dow Jones Industrial Average closed 2.14 percent lower on Monday, while the Hang Seng Index of Hong Kong went down 2.18 percent on Tuesday.

 

In Shanghai and Shenzhen, the biggest downward forces came from blue chips.

 

PetroChina continued to slide, dropping 3.61 percent to close at 32.54 yuan per share. The mainland's largest listed company has lost 33 percent since its Shanghai debut10 earlier this month. Its main rival, Sinopec saw a bigger fall, down 4.35 percent to 20.91 yuan.

 

Financial shares were also weak. Ping An Insurance tumbled 4.68 percent to 100.98 yuan, followed by a 4.12 percent decrease in China Life to 53.51 yuan. The Industrial and Commercial Bank of China fell 1.03 percent to 7.71 yuan.

 
分享到：


点击收听单词发音收听单词发音  

1 jittery jittery     
adj. 神经过敏的, 战战兢兢的
参考例句：
  • However, nothing happened though he continued to feel jittery. 可是，自从拉上这辆车，并没有出什么错儿，虽然他心中嘀嘀咕咕的不安。 来自汉英文学 - 骆驼祥子
  • The thirty-six Enterprise divebombers were being squandered in a jittery shot from the hip. 这三十六架“企业号”上的俯冲轰炸机正被孤注一掷。
2 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。
3 investors dffc64354445b947454450e472276b99     
n.投资者，出资者( investor的名词复数 )
参考例句：
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
4 slump 4E8zU     
n.暴跌，意气消沉，（土地）下沉；vi.猛然掉落，坍塌，大幅度下跌
参考例句：
  • She is in a slump in her career.她处在事业的低谷。
  • Economists are forecasting a slump.经济学家们预言将发生经济衰退。
5 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。
6 prone 50bzu     
adj.(to)易于…的，很可能…的；俯卧的
参考例句：
  • Some people are prone to jump to hasty conclusions.有些人往往作出轻率的结论。
  • He is prone to lose his temper when people disagree with him.人家一不同意他的意见,他就发脾气。
7 fluctuations 5ffd9bfff797526ec241b97cfb872d61     
波动，涨落，起伏( fluctuation的名词复数 )
参考例句：
  • He showed the price fluctuations in a statistical table. 他用统计表显示价格的波动。
  • There were so many unpredictable fluctuations on the Stock Exchange. 股票市场瞬息万变。
8 indicators f46872fc1b5f08e9d32bd107be1df829     
（仪器上显示温度、压力、耗油量等的）指针( indicator的名词复数 )； 指示物； （车辆上的）转弯指示灯； 指示信号
参考例句：
  • The economic indicators are better than expected. 经济指标比预期的好。
  • It is still difficult to develop indicators for many concepts used in social science. 为社会科学领域的许多概念确立一个指标仍然很难。
9 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。
10 debut IxGxy     
n.首次演出，初次露面
参考例句：
  • That same year he made his Broadway debut, playing a suave radio journalist.在那同一年里，他初次在百老汇登台，扮演一个温文而雅的电台记者。
  • The actress made her debut in the new comedy.这位演员在那出新喜剧中首次登台演出。

©2005-2010英文阅读网