China Shares slumped to its lowest level in 31 months?

SHANGHAI. China's benchmark stock index today is transactedsag. At 11:30 am Shanghai time, the index recorded a decline inthe Shanghai Composite Index 46.3 points, or 2%, to 2331.24.This is the lowest level in 31 months or since last March 25, 2009.While the CSI 300 Index fell 2.5% to 2519.36.


One of the big cap stocks that affect the movement of exchangeChina is Jianxi Copper Co. which fell 5.5% in Shanghai. In addition, China Southern Airlines Co. recorded the biggest dropfor airline stocks after China Business News wrote associationpredicts airline passenger growth decline this year.

Decline in China stock related to the number of signal slowing economic growth Affairs Panda. In addition, there are alsonegative sentiment from Europe, where France and Germany do not agree with the European rescue strategy that threatens the global economic outlook.

"Investors are currently dealing with the global economicslowdown, which will likely cause the market fluctuated. The crisisof Europe became a major concern of investors," explained LiuJianwei, a fund manager Bosera Asset Management Co..

Notes only, in so far this year, the Shanghai index has tumbled17%.
source:.kontan.co.id
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Posted in: Asia,China,China Southern Airlines,CSI 300 Index,Germany,Shanghai,SSE Composite Index