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Stock index futures drop

2010-04-20 15:16 BJT

While the Mainland's stock markets are suffering from selling pressure, its equity directive sector is not doing so well, either. All 4 contracts on the CSI-300 slid 6.5 percent on Monday, the second trading day since the launch of the stock index futures. Transaction volume for the main May delivery contract was more than double that of the previous day.

Analysts attribute the poor market performance to weak housing shares and investors' stimulus exit concerns. The Goldman Sachs scandal is also considered a short-term factor.

But analysts also say there's no need to fear. They point out since China's economic growth is still in full swing, the long-term prosperity in the A-share market is unlikely to change.

Editor: Zhang Ning | Source: CCTV.com