ecns [expanded by feedex.net]: Chinese stocks lose on growth concern

ecns [expanded by feedex.net]

ecns

Chinese stocks lose on growth concern
http://www.ecns.cn/business/2013/06-04/66802.shtml
Jun 4th 2013, 04:30

















2013-06-04 13:30 Shanghai Daily     Web Editor: qindexing
comment


Chinese shares dropped in the morning, led by small-cap companies, after surveys showed small enterprises face difficulties in expanding and some investors sold their holdings to reap profit.


The Shanghai Composite Index, which tracks yuan-backed A shares listed in Shanghai, eased 1.16 percent to 2,272.65 at the noon break. Turnover hit 50.9 billion yuan (US$ 8.2 billion). The ChiNext small-companies index slid 2.55 percent to 1,025.33.


The Purchasing Managers' Index released yesterday by HSBC Holdings Plc and Markit Economics fell to 49.2, an eight-month low. The index mainly gauges the business performance and expectations of smaller firms.


Consumption-related companies withdrew on worry that slower economic growth may cripple consumer demand. Gree Electric Appliance Inc, China's biggest maker of air-conditioners, slipped 2.07 percent to 26 yuan. Television maker TCL Corp slumped 7.12 percent to 2.61 yuan.












Copyright ©1999-2011 Chinanews.com. All rights reserved.

Reproduction in whole or in part without permission is prohibited.






You are receiving this email because you subscribed to this feed at http://blogtrottr.com

If you no longer wish to receive these emails, you can unsubscribe here:
http://blogtrottr.com/unsubscribe/qhG/Zc7fXt