Chinese shares tumbled more than 5 percent on Friday http://www.cheapmlbgiantsshop.com/dave-dravecky/ , the biggest one-day fall in nearly three months, as news of investigations into major brokerage houses triggered widespread panic.
The Shanghai Composite Index slipped 5.48 percent to 3,436.3 points on Friday, while the Shenzhen Component Index fell 6.31 percent to close at 11,961.7 points.
About 300 stocks slumped to their daily trading limit of 10 percent on Friday. Brokerages led the diving, with the sector plunging about 9.5 percent.
One of the catalysts for Friday's stock plunge was the government investigations into several domestic securities firms http://www.cheapmlbgiantsshop.com/gaylord-perry/ , Li Daxiao, director of the Shenzhen-based Yingda Securities, told the Global Times.
On Thursday night, two securities firms, CITIC Securities and Guosen Securities, released statements that they were under investigations by the China Securities Regulatory Commission (CSRC). Both companies saw their stocks plunge to their daily trading limit on Friday.
Haitong Securities also released a statement on Friday http://www.cheapmlbgiantsshop.com/orlando-cepeda/ , saying that it received an investigation notice from the CSRC on Thursday. Stocks of the company were also suspended on Friday both in Shanghai and Hong Kong.
According to the statement, the company's shares would restart trading on Monday.
Yu Fenghui, a financial commentator, told the Global Times that the government did the right thing to tighten management on domestic brokerages.
"China's stock markets have been significantly overvalued, and domestic brokerages have been a major pusher. If the government does not step in with regulatory measures, the stock bubble would grow even bigger and might even trigger systematic risks in the future http://www.cheapmlbgiantsshop.com/juan-marichal/ ," he said.
But Li said that domestic investors "overreacted" on Friday.
"The fact that those securities firms are being investigated does not necessarily mean they have any serious problems," Li noted.
Other factors, including the CSRC's ending of securities firms' revenue swap business as a way of cracking down upon margin trading and the restart of a new wave of IPOs in next week, also led to the stock plunge, Li noted.
Yu argued the most fundamental reason for the stock plunge is that the real economy is facing downward pressure.
Data from the National Bureau of Statistics showed on Friday that major industrial enterprises in China saw their profits slump by 2 percent year-on-year from January to October.
A highlight on Triple Chance Casino Slots online game Harpold Yoshimura
Submitted 2014-01-04 15:37:48
Markur indeed, displays its expertise in producing triple Chance online Casino position. There are lots of amazing features of farmville http://www.cheapmlbgiantsshop.com/will-clark/ , which escalated the interest associated with oodles of people into opting for it, online. One of the interesting things about this game is that the consumer need not to pass through the hassle involved in downloading the slots on the PC or mobile. This is because, Markur producing their casino like no other provides this game via Sunmaker in full HD format making the game to become efficient enough for one to listen to it directly from the internet without installing on mobile or PC.
More so, triple Chance slots is made in such a way that the participant will enjoy bountiful of joy and at the same time frame stand a chance of triple successful of risk against the home of the adversary. Actually this game is classically design in order to contain Three reels as well as 5 play lines. This means that the player will have 3 likelihood of obtaining winning combinations and 5 likelihood of winning the sport. There are about 8 symbols in this game, which comprises of green diamonds, oranges http://www.cheapmlbgiantsshop.com/deion-sanders/ , cherries, blueberries, lemons, and others. Obviously, the indicating this game are not only just fresh fruits but also contains diamonds, 7s http://www.cheapmlbgiantsshop.com/matt-williams/ , alarms and other eminent logos of the Sunmaker.
Certainly, for you to win in triple chance you need to get the three reels of the same kind of triple chance slot symbol in the horizontal, up and down and diagonally. The amount of money to salary will depend of these two players but the minimum quantity of stake for each spin mustn't fall beneath ?0.05 and the maximum amount must be above ?10. With respect to the bet, that will determine the highest jackpot it's possible to hit. If you play with a stake from the minimum upwards but not in the maximum you are able to only earn a highest jackpot associated with ?7.50. However, for you to win up to ?1500, it is usually suggested for you to bet a stake of up the maximum amount http://www.cheapmlbgiantsshop.com/mel-ott/ , which is ?10.
Absolutely, with the loyalties of 1 sun point, which the player that plays with up to ?10 will stand to gain, the cash worn on the game could be exchanged in order to real cash, which will be automatically credited into the account of the participant. In actuality, farmville is very simple to play because it comes with High definition quality encounter that will enable the player to play the sport directly from the internet through his or her internet device. Really http://www.cheapmlbgiantsshop.com/madison-bumgarner/ , exactly what the player require s to spread out the game upon in the person's browser, select the bet size, which can be minimum or increased any kind of size, choose the number of the coins and finally hit the actual spin button for the reels to rewrite. Author Resource:- Does One Need To Pay Before Playing Triple Chance Online Slot? You can visit slots48 to know more about Triple Chance.
Article From Article Directory Database
BRUSSELS, May 16 (Xinhua) -- The gross domestic product (GDP) in both the 19-nati. Cheap Chelsea Jerseys Cheap Atletico Madrid Jerseys Cheap Arsenal FC Jerseys Cheap Sevilla Jerseys Cheap Manchester United Jerseys Cheap Manchester City Jerseys Wholesale Borussia Dortmund Jerseys Wholesale Bayern Munich Jerseys Wholesale FC Barcelona Jerseys Wholesale Tottenham Hotspur FC Jerseys