Most Chinese Stocks Drop on Earnings Concerns After Sany Outlook-Shanghai Metals Market

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Most Chinese Stocks Drop on Earnings Concerns After Sany Outlook

SMM Insight 10:29:42AM May 08, 2012 Source:SMM

May 8 (Bloomberg) -- Most Chinese stocks fell after Sany Heavy Industry Co. said it may cut its sales forecast for this year, boosting concern a slowing property market will hurt earnings in the construction industry.

The Shanghai Composite Index slipped 0.2 percent to 2,446.36 at 9:45 a.m. local time. The CSI 300 Index dropped 0.4 percent to 2,706.96, led by material and financial stocks.

Key Words:  Chinese stock 

Price

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#1 Lead
Oct.18
17025.0
25.0
(0.15%)
#1 Lead - Guangdong
Oct.18
17000.0
0.0
(0.00%)
#1 Lead - Henan
Oct.18
16950.0
0.0
(0.00%)
#1 Lead -Tianjin
Oct.18
16975.0
-25.0
(-0.15%)
#2 Lead
Oct.18
16625.0
0.0
(0.00%)

Most Chinese Stocks Drop on Earnings Concerns After Sany Outlook

SMM Insight 10:29:42AM May 08, 2012 Source:SMM

May 8 (Bloomberg) -- Most Chinese stocks fell after Sany Heavy Industry Co. said it may cut its sales forecast for this year, boosting concern a slowing property market will hurt earnings in the construction industry.

The Shanghai Composite Index slipped 0.2 percent to 2,446.36 at 9:45 a.m. local time. The CSI 300 Index dropped 0.4 percent to 2,706.96, led by material and financial stocks.

Key Words:  Chinese stock