would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc.. 
Home
China’s stocks fell for a second day after better-than-expected economic data failed to boost investor confidence in the world’s worst-performing equity market and more companies resumed trading.
The Shanghai Composite Index slumped 3.1 percent to 3,801.78 at 11:01 a.m. local time. About six stocks dropped for each that rose. The number of halted companies fell by 96 from Tuesday to 689, or 24 percent of overall listings on mainland exchanges. Gross domestic product rose 7 percent in the second quarter, compared with economist estimates of 6.8 percent in a Bloomberg survey.
The benchmark equity index has declined 25 percent over the past month, the biggest loss among 93 gauges globally tracked by Bloomberg, as margin traders unwound bets after a 150 percent rally by the Shanghai Composite over the previous 12 months.
“There’s a lack of confidence in the market’s sustainable rally after a big rout,” said Jimmy Zuo, a Shenzhen-based trader at Guosen Securities Co. “There should be a visible improvement in the economy and corporate earnings to bring back solid investor confidence to the market. ”
Courtesy: Bloomberg Business 15 July 2015
