Chinese Shares Down at Midday on Growth Concern

Data Analysis 01:35:25PM Feb 07, 2012 Source:SMM

BEIJING, Feb. 7 (Xinhua) -- Chinese shares tumbled in the morning session Tuesday as latest forecast has given rise to investors' concerns on future economic growth, with the benchmark Shanghai Composite Index down 1.93 percent, or 44.96 points, to close at 2,286.17.

The Shenzhen Component Index lost 2.33 percent, or 220.08 points, to finish at 9,228.57.

The International Monetary Fund, in its Monday report of China economic outlook, cut its forecast for China's GDP growth this year to 8.25 percent from the 9 percent projected earlier in September.

 

Key Words:  Chinese shares 

Chinese Shares Down at Midday on Growth Concern

Data Analysis 01:35:25PM Feb 07, 2012 Source:SMM

BEIJING, Feb. 7 (Xinhua) -- Chinese shares tumbled in the morning session Tuesday as latest forecast has given rise to investors' concerns on future economic growth, with the benchmark Shanghai Composite Index down 1.93 percent, or 44.96 points, to close at 2,286.17.

The Shenzhen Component Index lost 2.33 percent, or 220.08 points, to finish at 9,228.57.

The International Monetary Fund, in its Monday report of China economic outlook, cut its forecast for China's GDP growth this year to 8.25 percent from the 9 percent projected earlier in September.

 

Key Words:  Chinese shares