USEUROPEAFRICAASIA 中文双语Français
Home / Business

Shares decline on bleak industrial data

China Daily | Updated: 2009-03-13 08:04

Shares decline on bleak industrial data

The mainland stocks fell for a second day, led by electronics companies and power producers, on slowing retail sales and industrial production.

The Shanghai Composite Index slid 5.14 points, or 0.2 percent, to 2133.88 at the close, paring its annual advance to 17 percent. The CSI 300 Index retreated 0.2 percent.

"We haven't seen any real sign that the economy has bottomed out," said Wu Kan, a fund manager in Shanghai at Dazhong Insurance Co, which manages about $285 million. "It's difficult for investors to put money into equities now."

Shares decline on bleak industrial data

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US