男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Finance

China stocks plunge after US tariff announcement

Xinhua | Updated: 2018-03-23 16:56
Share
Share - WeChat
An investor look at an electronic board showing stock information at a brokerage house in Nanjing, March 23, 2018. [Photo/VCG]

BEIJING - Chinese stocks closed significantly lower on Friday following the US decision to hike tariffs on China's steel and aluminum imports.

The benchmark Shanghai Composite Index went down 3.39 percent to close at 3,152.76 points. The Shenzhen Component Index closed 4.02 percent lower at 10,439.99 points.

The ChiNext Index, which tracks China's NASDAQ-style board of growth enterprises, lost 5.02 percent to close at 1,726.02 points.

Over 3,000 stocks lost on the two bourses. A total of 170 stocks dropped by the daily limit of 10 percent and over 1,000 stocks sank over 7 percent during the afternoon session.

The steel sector led the slump. The sub-index for the steel sector dived 6.2 percent. Anyang Iron & Steel and Xinyu Iron & Steel both plunged by the daily limit of 10 percent.

Combined turnover on the two bourses stood at 635.3 billion yuan ($100.4 billion), up from 423.8 billion yuan the previous working day.

Despite strong warnings from business groups and trade experts, US President Donald Trump on Thursday signed a memorandum that could impose tariffs on up to $60 billion of imports from China and restrictions on Chinese investment in the United States.

The memorandum is based on the so-called Section 301 investigation into alleged Chinese intellectual property and technology transfer practices, launched by the Trump administration in August 2017.

China announced Friday that it is considering higher tariffs for imported US products worth about $3 billion to balance losses caused by the US tariffs on steel and aluminum imports from China.

China has been trying hard to avoid a trade war, but said it is not afraid of one forced upon it.

"We want no trade war with anyone, but if our hands are forced, we will not quail nor recoil from it," said Foreign Ministry spokesperson Hua Chunying.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 无极县| 闽清县| 任丘市| 芦山县| 修武县| 聂荣县| 福州市| 岑巩县| 禹城市| 老河口市| 石棉县| 九江县| 罗甸县| 安福县| 开阳县| 南陵县| 兴海县| 胶南市| 石河子市| 长顺县| 平果县| 云龙县| 杨浦区| 平江县| 昆明市| 塘沽区| 宜昌市| 车险| 星座| 拜城县| 阆中市| 自贡市| 宣威市| 大竹县| 娄底市| 大同市| 阿拉善左旗| 武汉市| 化隆| 贡觉县| 南开区|