{"id":43737,"date":"2009-08-17T18:49:31","date_gmt":"2009-08-18T01:49:31","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=43737"},"modified":"2009-08-17T18:49:31","modified_gmt":"2009-08-18T01:49:31","slug":"china-stocks-drop-most-in-9-months-led-by-commodity-suppliers","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2009\/08\/china-stocks-drop-most-in-9-months-led-by-commodity-suppliers\/","title":{"rendered":"China Stocks Drop Most in 9 Months, Led by Commodity Suppliers"},"content":{"rendered":"<p>From <a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=newsarchive&#038;sid=aALwKudcZmxs\">Bloomberg<\/a>:<\/p>\n<p>China\u2019s benchmark stock index fell the most in nine months as foreign direct investment plunged, Ping An Insurance (Group) Co.\u2019s profit missed estimates and Yunnan Copper Industry Co. said there are \u201cno clear signs\u201d of a recovery.<\/p>\n<p>Ping An, the nation\u2019s second-biggest insurance company, fell 3.9 percent after first-half net income dropped 45 percent. Yunnan Copper sank the 10 percent daily limit after posting a first-half loss and the metal dropped by the maximum in Shanghai. Foreign direct investment fell 35.7 percent in July as companies stalled expansion plans amid the global financial crisis.<\/p>\n<p>The Shanghai Composite Index, tracking the bigger of China\u2019s exchanges, fell 176.34, or 5.8 percent, to 2,870.63 at the close, the worst day since Nov. 18 and the lowest since June 18. The gauge has declined 17 percent from this year\u2019s high on Aug. 4 on concern a slump in exports and new loans will damp economic growth. It remains 58 percent higher this year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Bloomberg: China\u2019s benchmark stock index fell the most in nine months as foreign direct investment plunged, Ping An Insurance (Group) Co.\u2019s profit missed estimates and Yunnan Copper Industry Co. said there are \u201cno clear signs\u201d of a recovery. Ping An, the nation\u2019s second-biggest insurance company, fell 3.9 percent after first-half net income dropped 45 [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[2851,388],"class_list":["post-43737","post","type-post","status-publish","format-standard","hentry","category-economy","tag-securities","tag-stock-market","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China Stocks Drop Most in 9 Months, Led by Commodity Suppliers<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2009\/08\/china-stocks-drop-most-in-9-months-led-by-commodity-suppliers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Stocks Drop Most in 9 Months, Led by Commodity Suppliers\" \/>\n<meta property=\"og:description\" content=\"From Bloomberg: China\u2019s benchmark stock index fell the most in nine months as foreign direct investment plunged, Ping An Insurance (Group) Co.\u2019s profit missed estimates and Yunnan Copper Industry Co. said there are \u201cno clear signs\u201d of a recovery. Ping An, the nation\u2019s second-biggest insurance company, fell 3.9 percent after first-half net income dropped 45 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/chinadigitaltimes.net\/2009\/08\/china-stocks-drop-most-in-9-months-led-by-commodity-suppliers\/\" \/>\n<meta property=\"og:site_name\" content=\"China Digital Times (CDT)\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ChinaDigitalTimes\" \/>\n<meta property=\"article:published_time\" content=\"2009-08-18T01:49:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/chinadigitaltimes.net\/wp-content\/uploads\/2021\/08\/CDT-logo.png\" \/>\n\t<meta property=\"og:image:width\" content=\"186\" \/>\n\t<meta property=\"og:image:height\" content=\"177\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Liu Yong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" 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