- Title: MARKETS-CHINA/CLOSE China stocks end lower as Beijing renews support
- Date: 28th July 2015
- Summary: SHANGHAI, CHINA (JULY 28, 2015) (REUTERS) INVESTORS INSIDE A STOCK EXCHANGE STOCK INFORMATION ON SCREEN SCREEN SHOWING STOCK INFORMATION VARIOUS OF STOCK INFORMATION ON SCREEN INVESTORS INSIDE A STOCK EXCHANGE INVESTORS STOCK INFORMATION ON SCREEN (SOUNDBITE) (Mandarin) A 67-YEAR-OLD INVESTOR, HE MEIZHEN, SAYING: "Of course I'm worried and I felt anxious deep inside. It's money (that I lost) after the plunge. How am I happy after my real money's gone. What do you think? I'm not happy and have not been able to asleep because I lost such a great amount of money." INVESTOR INSIDE A STOCK EXCHANGE INVESTOR SCREEN SHOWING STOCK INFORMATION INVESTOR'S HAND ON KEYBOARD STOCK INFORMATION ON SCREEN (SOUNDBITE) (Mandarin) A 69-YEAR-OLD INVESTOR, GUO HAIMING, SAYING: "(The markets) rebounded back a little bit, its not like the last plunge. However, there could be decrease (in the markets) anyway. (The share prices) were down a lot. But I believe they will rebound." INVESTORS INSIDE A STOCK EXCHANGE STOCK INFORMATION ON SCREEN SCREEN SHOWING STOCK INFORMATION
- Embargoed: 12th August 2015 13:00
- Keywords:
- Location: China
- Country: China
- Topics: General
- Reuters ID: LVA2P4JUOPM5LQM4EYJFGUFX1HX9
- Aspect Ratio: 16:9
- Story Text: Chinese shares fell on Tuesday (July 28), as Beijing scrambled once again to prop up a stock market whose wild gyrations have heightened fears about the financial stability of the world's second biggest economy.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.2 to 3,811.09, while the Shanghai Composite Index lost 1.7 percent to 3,662.82 points.
A highly volatile day - not unusual in China's unruly stock markets - had seen both indexes lurching between losses as deep as 5 percent and gains of more than 1 percent.
Chinese investors, who lost money in the recent trading, expressed their worries about the markets.
"Of course I'm worried and I felt anxious deep inside. It's money (that I lost) after the plunge. How am I happy after my real money's gone. What do you think? I'm not happy and have not been able to asleep because I lost such a great amount of money," said 67-year-old investor He Meizhen in Shanghai.
However, some others still have faith in the markets' future.
"(The markets) rebounded back a little bit, seems not like last time plunge. However, there would be decrease (in the markets) anyway. (The share prices) were down a lot. But I believe they will rebound back," said 69-year-old investor Guo Haiming.
Chinese regulators said they were prepared to buy shares to stabilise the stock market, while the central bank injected cash into money markets and hinted at further monetary easing.
The People's Bank of China said on Tuesday it would inject 50 billion yuan ($8.05 billion) into money markets in its biggest liquidity boost since July 7, near the trough of the last market sell-off.
The central bank also said it would use "various monetary tools" to maintain "appropriate levels of liquidity", a signal that further monetary easing predicted by many analysts could be in store.
Nomura said current consolidation provide another attractive entry into A-shares if investors has missed lows in early July.
Hard activity data including industrial production, retail sales and investment have started to pick up in 2015, suggesting the real economy is improving, Nomura said in a research note on Tuesday. - Copyright Holder: REUTERS
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