China’s Stocks Fall Most in Three Months on Wen’s Speech


14/03/2012 21:44 AST  Bloomberg

China’s stocks fell, dragging the benchmark index down the most in more than three months, after Premier Wen Jiabao said home prices are still far from reasonable levels.

The Shanghai Composite Index (SHCOMP) slumped 2.6 percent at the close, reversing an earlier 0.8 percent gain. A relaxation of curbs on the property market would lead to “chaos,” Wen said at a press conference in Beijing today. A gauge tracking property stocks sank 3.7 percent, led by Poly Real Estate Group Co., while Anhui Conch Cement Co. paced losses by building- material companies.

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
TRADEUNION 27.19 3,168,957
ACIG 27.43 870,684
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?