China's Stocks Drop to Seven-Month Low


China's stocks fell to the lowest in seven months after the U.S. unexpectedly lost jobs in February, raising concern a recession in the world's biggest economy will reduce demand for local exports.

China Petroleum & Chemical Corp. fell by the most in two weeks. China Railway Construction Corp., builder of more than half the nation's rail links since 1949, had the worst-performing mainland trading debut since 2006.

The CSI 300 Index, which tracks yuan-denominated A shares listed on China's two exchanges, declined 190.10, or 4.1 percent, to 4,431.59 at the close, the lowest since Aug. 1.

Equities also fell on concern the government will raise interest rates to tame accelerating inflation.

The Shanghai Composite Index, which tracks the bigger of China's stock exchanges, dropped 3.6 percent to 4,146.30. The Shenzhen Composite Index fell 3.7 percent to 1,319.01.

China


TradingEconomics.com, Bloomberg
3/10/2008 7:28:48 AM


News

China Stocks Plunge
China's stocks slumped, led by financial companies, as credit turmoil caused a debt-rating downgrade for American International Group Inc. and the collapse of Lehman Brothers Holdings Inc.
Published on 2008-09-16

China's Stocks Decline to Lowest in 19 Months
China's stocks fell to a 19-month low, extending the worst performance among global equity markets this year, on signs company profit growth is slowing and manufacturing contracted for a second straight month in August.
Published on 2008-09-01

China Stocks Climb
China stocks rose for the first time in six days, led by consumer-related shares after Guangdong Midea Electric Appliances Co. and Kweichow Moutai Co. posted higher first-half profit.
Published on 2008-08-28

China Stocks Fall for 5th Day
China stocks fell for a fifth day, the longest losing streak in 10 weeks, as higher fuel and raw material costs pared earnings at industrial and transportation companies.
Published on 2008-08-27

China's Stocks Decline for Fourth Day
China's stocks fell for a fourth day, driving the benchmark index to its biggest weekly decline in seven weeks, after a gauge of manufacturing shrank for the first time since 2005.
Published on 2008-08-01

China Stocks Advance
China's stocks advanced after the government raised fuel prices by a record, sparking speculation oil refiners will increase output and end shortages.
Published on 2008-06-20

China's Benchmark Stock Index Drops
China's stocks dropped, dragging the benchmark to almost 50 percent below its October record, as a government campaign to restrain inflation turned the world's most expensive major market into this year's worst performer.
Published on 2008-06-16

China's Benchmark Stock Index Tumbles
China's stocks plunged 8.1 percent, the most since February 2007, after the central bank ordered lenders to set aside record reserves to curb credit growth and inflation.
Published on 2008-06-10

China Stocks Fall on Tightening Concern, Oil
Chinese stocks fell, dragging the CSI 300 Index from a seven-week high, on concern the government will impose more measures to tame inflation and record oil prices will hurt profits.
Published on 2008-05-06

Chinese Stocks Surge
Chinese shares surged after the government cut a tax on equity trading to bolster the world's second worst-performing market this year.
Published on 2008-04-23

China's Stocks Jump Most in Two Months
China's stocks advanced by the most in two months, led by materials companies, after commodity prices gained and Liuzhou Iron & Steel Co. reported increased profit. Jiangxi Copper Co. and Liuzhou Steel jumped by the daily limit.
Published on 2008-04-07

China Stocks Tumble 4.1 Percent
China's main stock index tumbled 4.13 percent to a new 11-month closing low on Tuesday after the central bank repeated its commitment to a "tight" monetary policy.
Published on 2008-04-01

China's Stocks Drop to Seven-Month Low
China's stocks fell to the lowest in seven months after the U.S. unexpectedly lost jobs in February, raising concern a recession in the world's biggest economy will reduce demand for local exports.
Published on 2008-03-10

China's Stock Index Gains Most in 3 Weeks
China's stock benchmark recorded its biggest gain in three weeks as investors judged recent declines had made shares attractive relative to earnings prospects.
Published on 2008-02-27

China's Stocks Fall to 6-Month Low
China's stocks fell to a six-month low, with the benchmark having its second-worst monthly performance on record. Coal producers China Shenhua Energy Co. dropped on concern the worst snowstorms in decades will strain supply and disrupt deliveries.
Published on 2008-01-31