Shanghai stocks fell yesterday as brokerages and banks pulled back from gains made on speculation that authorities might soon announce the long-delayed launch of stock index futures.
Multinational companies' (MNC)'s hiring expectations have largely declined in the second quarter, after sustaining a high level for a long period, but are rising in some sectors, a recently released human resources (HR) report said.
Shanghai stocks rose sharply yesterday, led by a late surge in brokerages and banks, on speculation that authorities might soon announce the long-delayed launch of stock index futures.
W. L. Gore & Associate Inc, manufacturer of GORE-TEX and thousands of other advanced products, earlier this month announced it would construct a new 21,700-sq-m facility and also renovate 6,000 sq m of recently leased space in Shenzhen, Guangdong province. The Newark, Delaware-based firm's new $30 million facility would be located adjacent to its existing fabric and electronics manufacturing plant, which it opened in 2002 with a $10 million investment.
The telecom industry's restructuring is expected to strengthen China Unicom and China Telecom while weakening China Mobile, market insiders said.
Shanghai key stock index dropped 1.65 percent yesterday with PetroChina, the most heavily weighted stock, sliding as the market discounted rumors of a possible fuel price hike while other large caps were sluggish.
|
|
|
|
|
|
|
|
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: 20100000002731 
Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
