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


07/05/2012 04:59 AST

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

Bloomberg
Global News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
BKMB 0.4 806,839
QNBK 155.1 81,271
EEC 21.82 1,358,832
TAWUNIYA 85.5 60,149
RCCI 1.5
RIBL 10.32 315,145
EMAAR 7.11 2,184,290
Recent News

Business Brief- Investment opportunities in Sohar
As many as 15 small and medium-sized downstream small and medium steel projects in Sohar were presented before a large gathering of potential investors during a seminar on investment opportunities.

Oman cement sector continues to be the key beneficiary of government
The Sultanate’s building materials industry and mainly the cement sector has been a beneficiary of the country’s long term plan of diversifying its economy. Oman’s primary focus has been on the devel

MSM publishes Disclosure Guide
The Muscat Securities Market (MSM) has announced the publication of a Disclosure Guide for listed public Joint Stock Companies detailing the legal responsibilities of these companies with regard to d

Gulf computer, electronics manufacturing set for growth: Goic
The private sector has paid a “significant contribution” to the growth of the GCC’s computer and electronic products manufacturing sector, which posted a compound annual growth rate (CAGR) of 4.7% es

Technical analysis of the QSE index
After a 3.6% drop through the week, the Qatar Index managed to reduce its losses to only 1.15% versus the week before and it closed at the 10,412.50 level. That created a possible reversing candlesti

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

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?