London copper fell to its weakest in seven weeks on Tuesday and Shanghai copper hit a two-month low on fears China may tighten monetary policy further and cause demand to thin from the world's top consumer of many base metals.
The China Securities Regulatory Commission (CSRC) is accelerating the listing process for red-chip and foreign companies on the A-share market, CSRC Chairman Shang Fulin said on Tuesday.
Chinese listed firms posted solid earnings in the first quarter, propped up by rising sales and cost cutting measures, but the positive results failed to reverse the stock market's relentless plunge.
Chinese stocks fell on Tuesday, sending the benchmark index to the lowest in seven months, on concern ordering banks to set aside more reserves won't be enough to avert asset bubbles in the world's third-largest economy.
Hong Kong stocks closed down 48.31 points, or 0.23 percent, at 20,763.05 Tuesday.
The ChiNext stock market was up Tuesday as only 28 of the 79 stocks at China's start-up board for small and medium-sized enterprises fell, while one stock was suspended from trading.
China's stock index futures fell Tuesday with the contract for May, the most actively traded, down 0.43 percent to end at 3,076.4 points from the previous trading day.
Chinese equities dropped to a seven-month low Tuesday, after the central bank said Sunday it would raise the deposit reserve requirement ratio (RRR) for most financial institutions for the third time this year.
BEIJING - The Chinese stock market has hit its lowest level in seven months after the government's clampdown on the country's overheating property market, but it hardly seems to have eased investor concerns about market's high valuations.
Price activity is the result of human behavior. People do not randomly buy or sell in the market. The decision to buy or sell may be carefully considered, it may be a poor decision, or it may be an action later regretted. In all cases the decision contains an element of emotion and this emotional behavior is reflected in the movement of prices.
Swire Properties Ltd, landlord to Time Warner Inc and Societe Generale in Hong Kong, is seeking to raise as much as HK$20.8 billion ($2.7 billion) in what would be the city's largest initial public offering (IPO) since 2007.
Asian stocks dropped for the fourth time in five days after Australia unveiled plans to impose the world's heaviest tax regime on mining companies and China increased bank reserve ratios for a third time this year.
