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 | MAY | JUN | JUL | AUG | SEP
Most Viewed Companies
Ticker Price Volume
EMAAR 11.65 111,917,890
RIBL 23.22 1,168,075
ALKHODARI 68.63 1,539,616
SPIMACO 51.33 2,293,781
SAGRINSURANCE 44.13 2,658,011
SECO 17.77 6,295,646
MESC 17.77 1,855,145
Recent News

SR1.5 trillion: KSA bank deposits hit all-time high
Total bank deposits in the Kingdom hit a new all-time high above SR1.5 trillion for the first time in July, says a report.

Bank deposits climbed by 1.7 percent in July to cross the SR1.5 tr

SEC awards Siemens largest SVC contract
Siemens, the global powerhouse which innovates the electrical world and operates in the fields of energy, infrastructure, industry and healthcare, signed two contracts with Saudi Electricity Company

Economic guides point to Kingdom’s sustained growth
Saudi Arabia’s economic indicators last July point toward a sustained developmental growth in the Kingdom, Jadwa Investment said in its Saudi Chartbook for this month.

It said the economic

Maritime sector contributed 4.6% to Dubai GDP
Dubai’s maritime sector directly contributs 4.6 per cent to Dubai’s GDP, or the equivalent of Dh14.4 billion, according to Sultan Bin Sulayem, Chairman of Dubai Ports, Customs and Free Zone Corporati

US delegation discusses SAGIA’s role
Saudi Arabian Investment Authority’s (SAGIA) value proposition for investors and the changes that have been made over the years to the registration process for international firms were highlighted at

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

Poll

Which of the following do you think is the best long-term investment?