综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

Markets

Industries

Insights

Reports

Events

Shares open 1.59% higher after rate cut

(Xinhua)
Updated: 2008-10-09 11:50

Chinese share prices rose 1.59 percent at opening on Thursday after the central bank announced cuts in both the interest rate and reserve-requirement ratio in the latest effort to boost the economy.

The Shanghai Composite Index opened at 2125.57 points, up 33.34points or 1.59 percent from Wednesday's closing 2092.22. The smaller Shenzhen Component Index opened at 7043.55 points, up 119.06 points or 1.71 percent from Wednesday's closing 6924.49 points.

The rise ended a three straight day fall since Monday when the Chinese stock market resumed trading after the weeklong National Day holiday.

On Wednesday evening, the central bank announced the deposit and lending rates would be lowered by 0.27 percentage points from Thursday and the reserve-requirement ratio would be down by 0.5 percentage points from October 15.

The loosening in monetary policy, the second such move in less than a month, highlighted the government's rising concern over the slowing economy and slumping capital market, analysts said.