China's stocks close down Thursday
0 Comment(s)
Print
E-mail
Xinhua, September 29, 2011
China's stocks fell to a one-year low on Thursday amid concerns over the worsening eurozone debt crisis and the faltering global economic recovery.
The benchmark Shanghai Composite Index fell 1.12 percent, or 26.72 points, to close at 2,365.34 points.
The Shenzhen Component Index dropped 0.79 percent, or 82.03 points, to finish at 10,287.9.
Combined turnover on the two bourses rose to 105.26 billion yuan (16.45billion U.S. dollars) from 104.56 billion yuan the previous trading day.
Losers outnumbered gainers 835 to 83 in Shanghai and 1,253 to 77 in Shenzhen.
Aerospace stocks led the declines on speculation that recent gains were overdone. Hubei Aviation Precision Machinery Technology Co. fell 9.85 percent to reach 18.31 yuan per share.
Non-ferrous metals fell across the board. Baoji Titanium Industry Co. and Tibet Mineral Development Co. dipped by the daily limit of 10 percent to close at 26.79 yuan and 26.1 yuan, respectively.
Gold miners posted lackluster performance Thursday, tracking losses in the U.S. gold market. Gansu Ronghua Industry Group fell 5.05 percent to close at 10.9 yuan per share, while Zijin Mining Group, the country's largest gold miner, dropped 4.03 percent to finish at 4.29 yuan.
