BEIJING, Aug. 12 (Xinhua) -- China's share markets slumped on Wednesday amid increasing worries over shrinking liquidity and an overnight Wall Street fall.
The benchmark Shanghai Composite Index dived 4.66 percent,
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piumini moncler, to close at 3112.72. The Shenzhen Component Index dropped 4.15 percent, or 545.44 points, to finish at 12,
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Combined turnover on the two bourses expanded to 245.25 billion yuan (35.75 billion U.S. dollars) from the previous trading day's 193.19 billion yuan.
Losers outnumbered gainers by 825 to 47 in Shanghai and 707 to 43 in Shenzhen.
Metal stocks led Wednesday's drop. The index of the non-ferrous metal sector was down by 6.51 percent as metal prices dropped in the futures market. The index of the iron and steel sector fell 5.47 percent as most of the steel companies saw heavy slump on the day.
Resources-related stocks went down as the newly released figures weakened investors' confidence in future economic growth. PetroChina was down 5.04 percent to close at 14.14 yuan and Sinopec dropped 5.2 percent to close at 13.12 yuan.
The A-share market began to show worries over shrinking liquidity, said analysts. Tuesday's central bank figures show new yuan-denominated loans slowed to 355.9 billion yuan (52.04 billion U.S. dollars) in July,
abercrombie france, sharply down from 1.53 trillion yuan in June.
Apart from that, the Wall Street market fell on Tuesday and the international oil price dropped below 70 U.S. dollars per barrel on a pessimistic economic outlook.
A man is seen at a stock exchange market in Shenyang, capital of northeast China's Liaoning Province,
doudoune moncler, Aug. 12, 2009. Chinese equities slumped 4.66 percent Wednesday with the benchmark Shanghai Composite Index down 152.01 points,
abercrombie, to finish at 3,
abercrombie,112.72. The Shenzhen Component Index dropped 4.15 percent, or 545.44 points, to end at 12,
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World Bank said in the next two years with the International Monetary Fund and other institutions , to Egypt totaled $ 4.5 billion in new aid for the promotion of investment and economic development in Egypt ; also plans to provide 10 billion in new aid to support investment and economic development in Tunisia . In addition, the African Development Bank and other agencies to aid projects in Tunisia , the Bank has committed $ 500 million in aid .
World Bank President Robert Zoellick said the same day , West Asia, North Africa people want to get more jobs and better life opportunities , the Bank is working with the International Monetary Fund and other agencies working together to help to maintain economic stability in the region , promote local economic development and job creation .
World Bank said the unstable situation in the region have been brought to the downside risks to local economic development , food prices climb also impact on the local poor people's lives .
Zoellick said that the assistance program will be held this week in France to discuss the Group of Eight summit .
to finish at 12
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