Chinese shares tumble 2.59%_财经新闻

Chinese shares tumble 2.59%

文章来源：文章作者：发布时间：2007-10-24 03:32 字体： [大中小]　进入论坛

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Oct.23 - Chinese stocks continued their downward trend of the last trading session to dive 2.59 percent on Monday, as investors¹ jittered² over a slump³ on Wall Street.

The Shanghai Composite Index on the Shanghai Stock Exchange closed at 5,667.33 points, down 2.59 percent or 150.72 points.

The Shenzhen Component⁴ Index on the smaller market closed at 18,379.41 points, down 2.42 percent.

It was the fourth straight daily fall since last Wednesday, when the index dipped 0.92 percent from Tuesday's record high of 6,092.06. The stocks tumbled 3.5 percent on Thursday and went down further 0.12 percent on Friday.

Heavyweight shares, such as banking⁵ and energy, led losses.

The Industrial and Commercial Bank of China, the country's largest commercial lender, fell 2.1 percent to 7.45 yuan and the Bank of China, the second largest, plummeted⁶ 3.12 percent to 6.53 yuan.

Both Sinopec and the newly-listed China Shenhua slipped around 5 percent to 23.61 yuan and 79.25 yuan, respectively, as investors are prepared for subscriptions⁷ in PetroChina, which is due to get listed on Shanghai bourse on November 5.

The oil giant said on Sunday that it would start preliminary price inquiry⁸ for its initial public offering from October 22 to 24 to set its IPO price range.

The mainland market could see the biggest correction in the fourth quarter, said Zhan Lingwei, a fund manager with Changsheng Fund Management Co in Beijing, adding new highs of the index is still likely despite the corrections.

China Pingan, one of China's major insurers, remained intact, rising 2.99 percent to 138.93 yuan and the Bank of Communications went up 3.79 percent to 15.07 yuan.

In New York Friday, the Dow Jones Industrial Average sank 366.94 points amid worries over renewed credit concerns, slower corporate⁹ earnings¹⁰, the weak dollar and record-high oil prices.

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收听单词发音

1 investors
n.投资者，出资者( investor的名词复数 )
参考例句：
a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子 a cash bonanza for investors 投资者的赚钱机会

2 jittered
v.紧张不安，战战兢兢( jitter的过去式和过去分词 )
参考例句：
I jittered when the headmaster came in. 当校长进来的时候，我一阵紧张。来自辞典例句

3 slump
n.暴跌，意气消沉，（土地）下沉；vi.猛然掉落，坍塌，大幅度下跌
参考例句：
She is in a slump in her career.她处在事业的低谷。 Economists are forecasting a slump.经济学家们预言将发生经济衰退。

4 component
n.组成部分，成分，元件；adj.组成的，合成的
参考例句：
Each component is carefully checked before assembly.每个零件在装配前都经过仔细检查。 Blade and handle are the component parts of a knife.刀身和刀柄是一把刀的组成部分。

5 banking
n.银行业，银行学，金融业
参考例句：
John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。 He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

6 plummeted
v.垂直落下，骤然跌落( plummet的过去式和过去分词 )
参考例句：
Share prices plummeted to an all-time low. 股票价格暴跌到历史最低点。 A plane plummeted to earth. 一架飞机一头栽向地面。来自《简明英汉词典》

7 subscriptions
n.（报刊等的）订阅费( subscription的名词复数 )；捐款；（俱乐部的）会员费；捐助
参考例句：
Subscriptions to these magazines can be paid in at the post office. 这些杂志的订阅费可以在邮局缴纳。来自《简明英汉词典》 Payment of subscriptions should be made to the club secretary. 会费应交给俱乐部秘书。来自《简明英汉词典》

8 inquiry
n.打听，询问，调查，查问
参考例句：
Many parents have been pressing for an inquiry into the problem.许多家长迫切要求调查这个问题。 The field of inquiry has narrowed down to five persons.调查的范围已经缩小到只剩5个人了。

9 corporate
adj.共同的，全体的；公司的，企业的
参考例句：
This is our corporate responsibility.这是我们共同的责任。 His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

10 earnings
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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