GUANGZHOU (Fund China) - Sharp drop in blue-chip performance, Four index-record low

In the crazy led a cyclical industry, the A-shares market hit low record frequent afternoon, Shanghai Composite Index is down nearly 90 points and approaching the 3200 mark. Shanghai Composite Index low to 3203.10 points, down 88.50 points, or 2.69%. At the same time, Shanghai Composite Index, Shenzhen Component Index, Shanghai/Shenzhen 300 and Shanghai 50 are the lowest since adjust market of the current round.

Market participants, in addition to the domestic economic slowdown, high inflation and other macro-level concerns, the institutional investors also recently started the performance of listed companies fell sharply to worry about. According to the recent announcement of listed companies, real estate, iron and steel, non-ferrous metals, electric power, and so there have been blue-chip companies to report earnings fell sharply, the market has far exceeded expectations outside; As a result, the Fund’s recent moves have accelerated reduction signs, thereby triggering further secure loose chips.

A-shares market accelerate diving afternoon, Fund managers are not optimistic

After finishing the morning oscillation, the A-shares market accelerate diving afternoon. Shanghai Composite Index are reportedly 3227.38 points, or down 1.95 percent; shenzhen Component Index are reported 11657.37 points, or down 3.32 percent. At present only 85 cities stocks rose, the prospects of non-ST shares up to 20, more than 300 stocks fell more than 5 percent, the market has fully fell pattern, there into electricity, coal, metals, real estate, aviation, and other cyclical industries accelerated diving, weighed on the broader market fell as the major pressure.

The economic data released yesterday, the fund managers generally believe that brooks no optimism, and that the stock market vulnerable difficult to reverse. Persistently high inflation, and economic growth has noticeably slowed the market lingering problems, and the fears of stagflation cyclical industries suffered the brunt of selling.

Market participants believe that the recent market continued its record closing low after adjustment, and it’s obviously fell lower than the finishing platform today, was expected to further stimulate the secure dispersal, thus accelerating the downward trend.

Copyright Fund China 2008.

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