和谐英语

您现在的位置是:首页 > 英语新闻 > 国际英语新闻

正文

国际英语新闻:Investor concern on Europe hits stocks

2010-05-16来源:和谐英语
Commodities slide

Jiangxi Copper fell 1.2 percent to 30.63 yuan (4.49 U.S. dollars ). PetroChina, the nation's biggest oil producer, retreated 0.7 percent to 11.14 yuan. Aluminum Corp of China Ltd, the nation's biggest maker of the lightweight metal, lost 0.8 percent to 10.61 yuan.

Copper for three-month delivery lost 0.7 percent to 7,110 U.S. dollars per metric ton in London on Friday, aluminum declined 0.5 percent to 2,160 U.S. dollars per ton and zinc fell 0.4 percent to 2,151 U.S. dollars per ton.

Crude oil for June delivery dropped as much as 0.8 percent to 73.98 U.S. dollars a barrel in after-hours trading in New York.

Ping An Insurance (Group) Co, China's second-biggest insurer, lost 2.2 percent to 48.30 yuan. Shareholder Newbridge Capital LLC, the Asian unit of the US buyout firm TPG Capital, raised 9.7 billion HK dollars (1.25 billion U.S. dollars) selling Hong Kong-listed shares in the insurer, a person familiar with the matter said.

The CSI 300 healthcare index gained 2.1 percent. Kangmei rose 3.1 percent to 14.33 yuan while Tianjin Tasly Pharmaceutical Co gained 4.5 percent to 31 yuan. Beijing Tongrentang Co added 2.4 percent to 28.32 yuan.

Chinese stocks are becoming more attractive after initial share sales and derivative trading pushed the benchmark index to a bear market, investor Mark Mobius said.

Buying opportunities are "getting more and more now with the market going down", Mobius, who oversees about 34 billion U.S. dollars in emerging-market assets as executive chairman of Templeton Asset Management Ltd, said. While initial public offerings "draw money out of the market and depress prices, it doesn't mean that the company or economy is not fundamentally sound".

Chinese companies raised 23.5 billion U.S. dollars this year through Thursday, about 4 billion U.S. dollars less than the total for last year.