China’s Stock Futures Decline on Europe Debt, Property Concerns


07/05/2012 04:59 AST  Bloomberg

China’s stock futures fell on concern over Europe’s debt crisis after Socialist Francois Hollande was elected president of France and after the Xinhua News Agency reported Industrial & Commercial Bank of China Ltd. suspended a discount on mortgages for first-time home buyers nationwide.

Futures on the CSI 300 Index (SHSZ300) expiring in May, the most active contract, lost 0.1 percent to 2,708.60 as of 9:19 a.m. local time. China Vanke Co. (000002) and Poly Real Estate Group Co. may lead declines for developers on speculation housing demand will weaken. China Petroleum & Chemical Corp. (600028), Asia’s biggest oil refiner, may drop after the Shanghai Securities News said fuel prices may be cut today.

For more on this Click Here

Global News
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | News Archive

JAN | FEB | MAR | APR
Most Viewed Companies
Ticker Price Volume
GFH 0.21 3,000
SECO 14.67 4,675,953
ADIB 6.82 756,294
RIBL 35.12 726,016
ACIG 27.43 870,684
TRADEUNION 27.19 3,168,957
EMAAR 10.2 18,509,705
Recent News

Saudi's SABIC says natural gas shortage limiting domestic growth
Petrochemicals giant Saudi Basic Industries Corp (SABIC) is finding it very hard to grow within Saudi Arabia because of a shortage of natural gas, its chief executive said on Sunday.

Moham

ADCB to buy $122.5 mln SME loan portfolio from Mubadala GE
Abu Dhabi Commercial Bank has agreed to buy a portfolio of asset financing loans worth 450 million dirhams ($122.5 million) from Mubadala GE Capital, it said in a bourse statement on Sunday.

Commercial Bank’s Mobile Banking app now available for Windows Phone
Commercial Bank’s Mobile Banking app is now available for Windows Phone. Launched last year on iOS, Android and BlackBerry, the app rose to become Qatar’s number one financial app in October 2013 and

CBI launches customer rewards program
The new rewards program features CBI’s Rewards Card, a MasterCard Platinum Credit Card. The two-in-one card offers customers a credit card and the benefits of a rewards program in one. With CBI’s Rew

ADCB grows SME and equipment finance portfolio
Abu Dhabi Commercial Bank (ADCB) has executed a portfolio transfer agreement with Mubadala GE Capital under which ADCB will purchase a portfolio of asset finance loans for SMEs in the UAE worth aroun

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Are you satisfied with your full-service broker?