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04/09/2012 09:00 AST
Chinese stocks fell for the fourth time in five days as Societe Generale SA predicted a weaker growth outlook and Goldman Sachs Group Inc. cut its estimates for Chinese earnings.
China Construction Bank Corp. sank to a five-week low as Credit Suisse Group AG warned of softening loan demand and lower net interest margins at lenders. Kweichow Moutai Co. (600519), China's biggest producer of baijiu liquor by market value, surged the most in almost two years after saying it will raise some product prices. Citic Securities Co. advanced to a one-week high on plans to buy a 30 percent stake in Shenzhen Qianhai Equity Exchange.
The Shanghai Composite Index (SHCOMP) dropped 0.5 percent to 2,049.81 at 1:10 p.m. local time even as a commentary in the China Securities Journal outlined possible new government stimulus measures. About three stocks fell for each one that rose. The CSI 300 Index (SHSZ300) lost 0.5 percent to 2,216.81. The Hang Seng China Enterprises Index (HSCEI) of Chinese companies traded in Hong Kong retreated 0.6 percent.
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Bloomberg
| Ticker | Price | Volume |
|---|
| Index | Closing | Change |
|---|---|---|
| NIKKEI 225 | 36,581.76 | -251.51 (-0.68 |
| DAX | 18,699.40 | 181.01 (0.97 |
| S&P 500 | 5,626.02 | 30.26 (0.54 |
11/04/2025
US tariffs imposed on Chinese goods are "abusive" and damaging to global supply chains, a diplomat from the Asian country to Saudi Arabia has said.
Speaking at a media roundtable held in the
Arab News
10/04/2025
President Donald Trump announced a 90 day pause on his sweeping tariffs Wednesday, giving all countries a 10 percent baseline except China, which will see even higher levies.
"Based on the l
AFP
09/04/2025
Former Treasury Secretary Lawrence Summers warned that the US is now likely headed toward a recession, with potentially 2 million Americans put out of work, thanks to the tariff increases now in trai
Bloomberg
09/04/2025
Major stock markets in the world suffered heavy losses at the start of the week triggered by US President Donald Trump's new tariffs. Some economists downplayed the global stock market plunge and sai
Khaleej Times
08/04/2025
Should the European Union target US Big Tech and services in response to President Donald Trump's tariff onslaught? Differences on the key issue were on display on Monday as the EU sought a show of u
AFP
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