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Wysłany: Pią 21:38, 07 Sty 2011
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Chinese shares drop for second day on Ping An fundraising rumor,
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Chinese equities closed lower for a second day Thursday amid speculation Ping An Insurance plans to raise 40 billion yuan.The benchmark Shanghai Composite Index fell 0.51 percent,
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Combined turnover shrank to 206.2 billion yuan (31 billion U.S. dollars) from 243.02 billion yuan the previous trading day.Losers outnumbered gainers 503 to 369 in Shanghai and 717 to 409 in Shenzhen.Ping An Insurance (Group) Co., China's second-largest insurance company,
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Coal shares retreated over 1 percent,
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Electricity producers bucked the trend after the Chinese government announced late Wednesday it would continue efforts to expand and upgrade its rural power grid networks over the next five years to meet increased demand.
Datang International Power Generation Co.,
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