CHINA> National
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CHINA> National
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China stocks plummet to 22-month low
(Xinhua)
Updated: 2008-09-11 19:13 The top-10 heavyweights dropped sharply on fears of corporate earnings decline. PetroChina, the most heavily-weighted stock on the Shanghai Composite Index, ended at 10.71 yuan, down 3.34 percent. Sinopec, Asia's biggest oil refiner by volume, retreated 4.29 percent to 8.70 yuan. Medical shares bucked the trend buoyed by news an amended draft guideline of medical and health care system reform began to solicit public opinion. Jilin Medicine rose 10.07 percent to 8.42 yuan and S&P Pharmaceutical Co., Ltd jumped 9.95 percent to 6.85 yuan. Losers outnumbered gainers by 753-120 in Shanghai and 639-98 in Shenzhen. |
