救市不断 中国股市仍跳水
时间：2015-07-06 00:33:16
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China's A-share market has seen another day of sell-offs, despite the government's attempt to shore up market confidence.
The Shanghai Composite Index has closed the day down 3.5-percent.
Nearly 15-hundred issues in Shanghai ended the day down the daily 10-percent limit, with
sectors1 such as
shipping2, utilities, real estate and sports leading decliners.
The Shenzhen
Component3 Index has seen an even bigger sell-off this Thursday, finishing down 5.3-percent.
The ChiNext Index, which is China's version of Nasdaq, dipped just below 4-percent.
救市政策不断 中国股市仍跳水
The sell-off today comes despite China's securities regulator announcing a string of policies last night to try to ease market
jitters4, including a 30 percent cut in transaction fees and the
relaxation5 of regulations connected to
margin6 trading.
Market
analyst7 Zhang Qi with Haitong Securities says the relaxed policies should eventually help.
"I think the government measures will have a positive effect. I say this because we feel this recent
slump8 is just due to a lack of confidence. Everybody feels that there is a lot of pressure to
stabilize9 the market. On the other hand, we had more stable trading this morning, but in the afternoon we saw another drop, it's a vicious circle."
The Shanghai Composite Index has lost close to 25-percent of its value over the past 2-weeks.
It nosedived 7.4 percent this past Friday, the sharpest daily drop since the start of the global financial crisis in 2008.
Meanwhile, led by casino shares, Hong Kong has seen its second straight day of gains, despite what's happening on the mainland.
The Hang Seng edged up 0.1 percent.
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