CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

China stocks reverse losses against Greece on policy fine-tuning hopes

11-02-2011 16:24 BJT

BEIJING, Nov. 2 (Xinhua) -- Shocks to China's stock markets brought by Greece's surprise call for a referendum on the European bailout fund lasted for just half-day on Wednesday, with key indexes posting single-day turnarounds.

The Chinese equity markets bucked the global trend and reversed early 1-percent losses and gained more than 1.2 percent toward closing as investors speculate that selective easing of the country's tightening policies is looming.

The benchmark Shanghai Composite Index slid 1.3 percent at opening and trimmed the losses to 1 percent during the morning break. Speculations that China's policymakers will soon partly loosen the current tightening measures boosted the market when trading resumed in the afternoon, lifting the index by 34.09 points, or 1.38 percent, to close at 2,504.11.

The Shenzhen Component Index opened 1.44 percent lower and widened its losses to 1.5 percent for the morning close. Optimism of selective policy easing also fueled the rally in the afternoon, sending the index up by 1.34 percent to close at 10,581.75.

 

 

Editor:Zhang Rui |Source: Xinhua

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program