Chinese Shares Open Mostly Lower, Property Stocks Lead Losses -- Market Talk

Dow Jones

Sep 09, 2024

0146 GMT - Chinese shares open lower, weighed by real estate and energy stocks. OCBC believes that following the anticipated first Fed rate cut in September, there may be room for China to lower the reserve requirement ratio to support growth. However, the timing of an interest rate cut could be postponed depending on growth developments, OCBC analyst Tommy Xie says in a note. China Vanke falls 1.85% and Poly Developments & Holdings Group is 2.2% lower. Among the energy stocks, PetroChina declines 2.2% and Cnooc puts off 3.0%. The benchmark Shanghai Composite Index is 0.6% lower at 2749.22. the Shenzhen Composite Index is off by 0.2%, and the ChiNext Price Index edges 0.15% higher. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

September 08, 2024 21:46 ET (01:46 GMT)

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OCBC believes that following the anticipated first Fed rate cut in September, there may be room for China to lower the reserve requirement ratio to support growth. However, the timing of an interest rate cut could be postponed depending on growth developments, OCBC analyst Tommy Xie says in a note. China Vanke falls 1.85% and Poly Developments &amp; Holdings Group is 2.2% lower. Among the energy stocks, PetroChina declines 2.2% and Cnooc puts off 3.0%. The benchmark Shanghai Composite Index is 0.6% lower at 2749.22. the Shenzhen Composite Index is off by 0.2%, and the ChiNext Price Index edges 0.15% higher. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 08, 2024 21:46 ET (01:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Shares Open Mostly Lower, Property Stocks Lead Losses -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese Shares Open Mostly Lower, Property Stocks Lead Losses -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-09-09 09:46</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0146 GMT - Chinese shares open lower, weighed by real estate and energy stocks. OCBC believes that following the anticipated first Fed rate cut in September, there may be room for China to lower the reserve requirement ratio to support growth. However, the timing of an interest rate cut could be postponed depending on growth developments, OCBC analyst Tommy Xie says in a note. China Vanke falls 1.85% and Poly Developments &amp; Holdings Group is 2.2% lower. Among the energy stocks, PetroChina declines 2.2% and Cnooc puts off 3.0%. The benchmark Shanghai Composite Index is 0.6% lower at 2749.22. the Shenzhen Composite Index is off by 0.2%, and the ChiNext Price Index edges 0.15% higher. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 08, 2024 21:46 ET (01:46 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0955669360.SGD","symbol_name":"Schroder ISF Asian Dividend Maximiser A Dis SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2466025289","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466025289","pubTimestamp":1725846360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0146 GMT - Chinese shares open lower, weighed by real estate and energy stocks. 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OCBC believes that following the anticipated first Fed rate cut in September, there may be room for China to lower the reserve requirement ratio to support growth. However, the timing of an interest rate cut could be postponed depending on growth developments, OCBC analyst Tommy Xie says in a note. China Vanke falls 1.85% and Poly Developments & Holdings Group is 2.2% lower. Among the energy stocks, PetroChina declines 2.2% and Cnooc puts off 3.0%. The benchmark Shanghai Composite Index is 0.6% lower at 2749.22. the Shenzhen Composite Index is off by 0.2%, and the ChiNext Price Index edges 0.15% higher. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 08, 2024 21:46 ET (01:46 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}