China stocks rise 5% in Asian rally |
文章来源： 文章作者： 发布时间：2007-08-21 06:39 字体： [ 大 中 小] 进入论坛 |
(单词翻译:双击或拖选)
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| Aug. 21 - China's main stock index jumped more than five percent on Monday, as global markets rallied after the US Federal Reserve cut discount rate on loans to banks on Friday.
The benchmark Shanghai Composite Index soared 248.28 points, or 5.33 percent, to close at 4,904.85 points, recovering the losses in the last few sessions and edging closer to the 5,000 mark. The Shenzhen Composite Index surged 4.53 percent to 1,356.01.
Other Asian markets also posted solid gains. In Japan, the Nikkei share average rose 458.80 points or 3.0 percent to 15,732.48, its biggest percentage rise since July 2006. Hong Kong finished 5.93 percent higher, while Seoul gained 5.69 percent at the close.
The rally came after the Feds slashed1 the discount rate on loans to banks by 50 basis points to 5.75 percent on Friday to try to calm the recent storm on world financial markets sparked by the US sub-prime mortgage problems, prompting an immediate2 surge in US and European stocks.
Back in the Shanghai and Shenzhen stock exchanges, large-caps led the rebound3, with the Industrial and Commercial Bank of China being the biggest contributor. Shares in the country's biggest lender jumped 9.75 percent to close at 7.09 yuan per share.
Bank of China gained 5.90 percent to 6.10 yuan, while China Merchants Bank rose 8.70 percent to 35.97 yuan.
In the insurance sector4, Ping An Insurance of China went up 3.77 percent to 92.53 yuan, followed by a 3.23 percent increase in China Life to 48.87 yuan.
Sinopec also drove up the market, increasing 5.30 percent to 15.29 yuan, and Angang Steel and Iron Co. jumped its daily limit of 10 percent to 28.71 yuan.
Property shares were also strong, with China Vanke rising 7.20 percent to 33.07 yuan.
Some analysts5 expect the market to continue to climb as listed firms post strong earnings6.
Up until Saturday, 792 companies listed on the two bourses have released their interim7 report, recording8 an average 75.71 percent year-on-year growth in profits, according to China Securities Journal. The rest will release their reports before the end of this month.
However, as the Shanghai index moves closer towards the 5,000 mark, it is expected to run up against a lot of psychological resistance and fluctuations9 may grow unsettled, analysts said.
So far this year, the Shanghai Composite Index has gained 83.25 percent on top of a 130 percent rally in 2006.
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点击  收听单词发音
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1
slashed
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| v.挥砍( slash的过去式和过去分词 )；鞭打；割破；削减 |
参考例句： |
- Someone had slashed the tyres on my car. 有人把我的汽车轮胎割破了。
- He slashed the bark off the tree with his knife. 他用刀把树皮从树上砍下。 来自《简明英汉词典》
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2
immediate
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| adj.立即的；直接的，最接近的；紧靠的 |
参考例句： |
- His immediate neighbours felt it their duty to call.他的近邻认为他们有责任去拜访。
- We declared ourselves for the immediate convocation of the meeting.我们主张立即召开这个会议。
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3
rebound
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| v.弹回；n.弹回，跳回 |
参考例句： |
- The vibrations accompanying the rebound are the earth quake.伴随这种回弹的振动就是地震。
- Our evil example will rebound upon ourselves.我们的坏榜样会回到我们自己头上的。
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4
sector
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| n.部门，部分；防御地段，防区；扇形 |
参考例句： |
- The export sector will aid the economic recovery. 出口产业将促进经济复苏。
- The enemy have attacked the British sector.敌人已进攻英国防区。
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5
analysts
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| 分析家，化验员( analyst的名词复数 ) |
参考例句： |
- City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
- I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。
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6
earnings
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| n.工资收人；利润，利益，所得 |
参考例句： |
- That old man lives on the earnings of his daughter.那个老人靠他女儿的收入维持生活。
- Last year there was a 20% decrease in his earnings.去年他的收入减少了20%。
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7
interim
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| adj.暂时的，临时的；n.间歇，过渡期间 |
参考例句： |
- The government is taking interim measures to help those in immediate need.政府正在采取临时措施帮助那些有立即需要的人。
- It may turn out to be an interim technology.这可能只是个过渡技术。
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8
recording
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| n.录音，记录 |
参考例句： |
- How long will the recording of the song take?录下这首歌得花多少时间？
- I want to play you a recording of the rehearsal.我想给你放一下彩排的录像。
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9
fluctuations
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| 波动，涨落，起伏( fluctuation的名词复数 ) |
参考例句： |
- He showed the price fluctuations in a statistical table. 他用统计表显示价格的波动。
- There were so many unpredictable fluctuations on the Stock Exchange. 股票市场瞬息万变。
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