?  ?

BIZCHINA / Center

China's indices survive global decline overnight

By Ding Qi (chinadaily.com.cn)
Updated: 2007-07-27 17:12

In spite of heavy overnight losses on Wall Street and the European
markets, major indices in the Chinese stock market managed to recover
from a lower start and closed almost flat.

Although the index didn't conclude the week with another new high, the
market's upward trend is unshakable – a belief held by investors both
at home and abroad.

Reflecting the overseas plunge on Thursday, the Shanghai Composite Index
opened at 4315.37, down 0.72 percent. After a quick dive to the day's
lowest of 4268.79 several minutes later, the index swung upward to the
psychologically important 4300-point level. It ended the week's trading
at 4345.36, a slim decline of 1.1 points from Thursday's close, although
this historic week has witnessed a 313-point gain together with a?record
high.

The Shenzhen Component Index opened at 14518.81, down 100 points from its
previous close. But it also managed to reclaim most lost ground and
closed at 14614.1, down only 0.04 percent.

?????????????????????? Shanghai Composit Index

?

Shenzhen Component Index

Transaction value of the Shanghai and Shenzhen markets reached 139.2
billion yuan and 75.9 billion yuan respectively, slightly higher than the
last trading day, with 1005 stocks closed up, 136 down, and 318 flat.

In a related move, the leadership of the Communist Party of China held an
economic meeting on Thursday, discussing the current economic situation
and calling on some local governments to prevent China's blistering
economy from overheating. Policies encouraging energy saving and
pollution emission cut were also reiterated on the meeting, which was
well echoed by the market today.

(For more biz stories, please visit Industry Updates)

?? ?? 1?? 2?? ??

?? ?? 1?? 2?? ??

Chinese Online Class

Chinese Online Class - China's indices survive global decline overnight