SHCI Sees Loss Narrow to 2.9%; SZCI, ChiNext Index Dive 5%-6.7% The People's Bank of China (PBOC) today (29 February) will carry out RMB230 billion reverse repos with a term of seven days in the open market. However, Shanghai Composite Index and Shenzhen Component Index, opened lower approximately 0.5% lower today, once tumbled 4.6%/ 6% to the trough of 2,638/ 9,000, with increasing sell-offs. The two indexes concluded the day trading at 2,687/ 9,097, down nearly 2.9%/ nearly 5%. CSI 300 Index closed at 2,877, down 2.4%. The ChiNext Index saw a five-day loss and plunged 7.4% at most to the bottom of 1,866, hitting over 5-month low. It last stood at 1,880, tumbling 6.7%. Shenzhen Stock Exchange A Share Index once dived 6.3% to 1,701 and last printed at 1,717, down 5.4%. Turnover of Shanghai and Shenzhen bourses amounted to RMB194.6 billion and RMB267.1 billion.
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HSI Drops 184 pts; Led by China Mobile Hang Seng Index receded after opening higher 2 pts this morning, with a loss of up to 220 pts. The benchmark index finished the morning session higher by 184 pts or 1% to 19,179. Hang Seng China Enterprises Index retreated 95 pts or 1.2% to 7,939. Half-day market turnover amounted to $33.034 billion. CHINA MOBILE (00941.HK) -2.250 (-2.664%) Short selling $81.33M; Ratio 22.076% led the loss, with its share prices tumbled 2.5% to $82.35. TENCENT (00700.HK) -0.800 (-0.561%) Short selling $89.54M; Ratio 8.906% slid 1.3%. The two stocks dragged the market down by 66 pts. BELLE INT'L (01880.HK) -0.260 (-4.887%) Short selling $732.61K; Ratio 3.195% , TINGYI (00322.HK) -0.280 (-3.679%) Short selling $11.47M; Ratio 35.045% and HKEX (00388.HK) -4.400 (-2.539%) Short selling $186.07M; Ratio 49.163% plunged 3.9%, 3.3% and 2.7% respectively. AIA (01299.HK) -0.950 (-2.337%) Sh
SHCI Rebounds 0.9%; SZCI Holds Steady Shanghai and Shenzhen markets held steady today. Shanghai Composite Index hit the trough at 2,872 by falling 1% and last printed at 2,928, rebounding 0.9%. Shanghai Stock Exchange A/B Share Index opened up less than 0.9%. CSI 300 Index last stood at 3,109, up nearly 0.7%. Shenzhen Component Index and ChiNext peaked at 10,355 and 2,230 and last traded at 10,307 and 2,203, up less than 8 pts and down 0.6% respectively. The turnover in Shanghai and Shenzhen markets amounted to RMB227.8 billion and RMB352.7 billion.
HSI Down 311 pts Midday; Stanchart Slumps 7% on Results At midday close, Hang Seng Index and China Enterprises Index were last traded at 19103 and 8006, down 311 pts and down 163 pts, respectively, on turnover of $35.119 billion. Blue chips posted loss broadly. Banks softened as HSBC HOLDINGS (00005.HK) -0.450 (-0.916%) Short selling $229.03M; Ratio 34.358% lost 1.4% to $48.45; HANG SENG BANK (00011.HK) +0.200 (+0.153%) Short selling $48.27M; Ratio 48.072% edged down 0.6%; BANK OF E ASIA (00023.HK) -0.700 (-2.794%) Short selling $13.05M; Ratio 39.318% tumbled 4.6%; BOC HONG KONG (02388.HK) -0.350 (-1.728%) Short selling $11.98M; Ratio 16.656% gave up 2.1%. STANCHART (02888.HK) -3.000 (-6.283%) Short selling $120.14M; Ratio 38.014% posted US$1.5 billion loss before tax last year, marking the first yearly loss since 1989. The stock price dived 7% to $44.4 at midday. AIA (01299.HK) -0.950 (-2.369%) Short
HSI Falls 104 pts; Banks Soften Hang Seng Index softened after opening higher 42 pts or 0.2% to 19,506. The decline widened to 135 pts at most and the index ended the morning session at 19,359, down 104 pts or 0.5%. Hang Seng China Enterprises Index dropped 77 pts or 0.9% to 8,144. The market turnover amounted to $33.95 billion. Banks were generally under pressure. HSBC HOLDINGS (00005.HK) 0.000 (0.000%) Short selling $195.67M; Ratio 28.442% weakened after its results announcement. It lost 0.4% to $48.95. HANG SENG BANK (00011.HK) -3.600 (-2.677%) Short selling $181.64M; Ratio 54.893% 's target price was trimmed by several brokers after it released its annual results. The stock gave up 2.7%. BANK OF E ASIA (00023.HK) -0.500 (-1.957%) Short selling $20.39M; Ratio 38.870% faded 2.9%. Yet, STANCHART (02888.HK) +0.850 (+1.812%) Short selling $3.57M; Ratio 3.971% , which will release its results today, picked up 1.1%. TINGYI (