Stocks slip 0.85% on fresh crisis concerns

时间：2009-06-29 03:01:26

（单词翻译:单击）

The mainland stocks slipped 0.85 percent in active trade yesterday, knocked by a drop in financial, energy and metals shares as renewed concerns about the financial crisis weighed on stock and commodity prices overseas.

The Shanghai Composite Index ended at 2535.828 points after hitting a low of 2499.601 points. It had climbed on Monday to an eight-month closing high. Turnover1 in Shanghai A shares rose to 154.6 billion yuan from Monday's 140.1 billion yuan.

A jump in bad loans at Bank of America, the largest US bank, rekindled2 fears about the state of the banking3 sector4 globally and pushed prices of industrial commodities such as oil and copper5 sharply lower.

Analysts7 said active turnover and expected technical support at the psychologically important 2500 point mark should limit the Shanghai index's losses, however, and could set the stage for a renewed assault on its recent highs in coming days.

"Investors8 are jittery9 after the slump10 in overseas markets, but the index is not expected to fall too much and investors might be lured11 back to the market if overseas markets stabilize," said Huatai Securities analyst6 Zhou Lin.

Frank Gong, chief China economist12 at JPMorgan Chase, said yesterday that the Shanghai index was likely to hit 2800 to 3000 points this year, with a bull market now in its beginning stage as the Chinese economy had bottomed out.

Xiangcai Securities analyst Wu Nan added: "The correction today was smaller than expected. The index came off its low, suggesting that sentiment is supported by investors' general confidence in China's economic recovery, but risks are growing as the index rallies."

Banks were lower, with Industrial and Commercial Bank of China, China's biggest lender, off 0.96 percent at 4.12 yuan while Hua Xia Bank sank 4.37 percent to 10.5 yuan despite posting a 46 percent jump in earnings13 last year.

Coal shares were weak, with Shenhua Energy losing 2.51 percent to 23.73 yuan.

Yunnan Copper, China's third-largest copper producer, sagged14 2.39 percent to 20.4 yuan after saying its production in the first quarter fell 34 percent from a year earlier.


分享到：


点击收听单词发音收听单词发音  

1 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。
2 rekindled 1fbb628faefe4875c179ef5e58715bbc     
v.使再燃( rekindle的过去式和过去分词 )
参考例句：
  • As soon as they met again his dormant love for her was rekindled. 他们一见面，他对她的旧情如乾柴烈火般又重新燃起。 来自辞典例句
  • Ive found rekindled my interest in re-reading the books. 我发觉这提起了我再次阅读这些书的兴趣。 来自互联网
3 banking aySz20     
n.银行业，银行学，金融业
参考例句：
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。
4 sector yjczYn     
n.部门，部分；防御地段，防区；扇形
参考例句：
  • The export sector will aid the economic recovery. 出口产业将促进经济复苏。
  • The enemy have attacked the British sector.敌人已进攻英国防区。
5 copper HZXyU     
n.铜；铜币；铜器；adj.铜(制)的；(紫)铜色的
参考例句：
  • The students are asked to prove the purity of copper.要求学生们检验铜的纯度。
  • Copper is a good medium for the conduction of heat and electricity.铜是热和电的良导体。
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 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。
8 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
9 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。
10 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。
11 lured 77df5632bf83c9c64fb09403ae21e649     
吸引，引诱（lure的过去式与过去分词形式）
参考例句：
  • The child was lured into a car but managed to escape. 那小孩被诱骗上了车，但又设法逃掉了。
  • Lured by the lust of gold,the pioneers pushed onward. 开拓者在黄金的诱惑下，继续奋力向前。
12 economist AuhzVs     
n.经济学家，经济专家，节俭的人
参考例句：
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。
13 earnings rrWxJ     
n.工资收人；利润，利益，所得
参考例句：
  • That old man lives on the earnings of his daughter.那个老人靠他女儿的收入维持生活。
  • Last year there was a 20% decrease in his earnings.去年他的收入减少了20%。
14 sagged 4efd2c4ac7fe572508b0252e448a38d0     
下垂的
参考例句：
  • The black reticule sagged under the weight of shapeless objects. 黑色的拎包由于装了各种形状的东西而中间下陷。
  • He sagged wearily back in his chair. 他疲倦地瘫坐到椅子上。

©2005-2010英文阅读网