18th Sep 2009: China B-shares end morning sharply lower on Wall St turmoil; no gainers
China B-shares finished the morning session sharply lower, reacting to Wall Street’s over 4 pct tumble after the US government’s takeover of AIG failed to restore confidence in the financial system.
All stocks in the B-share market finished in negative territory, and more than 20 fell by the 10 pct daily limit.
The Shanghai B-share Index fell 10.39 points or 9.01 pct to 104.90, while the Shenzhen B-share Index was down 23.40 points or 7.92 pct at 271.93.
The FTSE/Xinhua China B 35 Index was down 361.99 points at 3,909.76.
The benchmark Shanghai Composite Index, which covers both A- and B-shares listed on the Shanghai Stock Exchange, ended the morning down 112.61 points or 5.84 pct at 1,816.44.
(1 usd = 6.8 yuan; 7.8 hkd)
Source: XFN-ASIA
Filed under: Chinese Stocks, Market Summary by CSMR
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