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Shanghai Stocks Stumble on Worries About PetroChina and Baoshan Iron.
- Source :
-
Wall Street Journal - Eastern Edition . 3/28/2008, Vol. 251 Issue 73, pC7. 0p. 1 Black and White Photograph, 1 Graph. - Publication Year :
- 2008
-
Abstract
- The article reports that the Shanghai Composite Index, which monitors both yuan-denominated Class A shares and foreign currency Class B shares, fell 5.4% to 3411.49 on March 27, 2008, the lowest level since April 9, 2007. According to the author, after posting near doubles in 2007, it lost 35% in 2008. He adds that the decline was due to concerns about PetroChina's share price and Baoshan Iron & Steel's low earnings. PteroChina also declined 8.3% to 16.99 yuan, the article reports.
- Subjects :
- *STOCK exchanges
*STOCK price indexes
*FINANCIAL performance
*PETROLEUM industry
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 251
- Issue :
- 73
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 31525689