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An investor smiles in a brokerage in Zhejiang Dames Nike Air Max 2018 Elite Roze Grijs Kopen , Hangzhou province, on Jan 21, 2014. [Asianewsphoto by Long Wei]
Chinese stocks rallied for a second day from the biggest drop in seven years as concerns about margin trading restrictions eased.
The benchmark Shanghai Composite Index soared 4.7 percent and closed at 3,323.61 on Wednesday Dames Nike Air Max 2018 Elite Purper Zwart Kopen , led by financial companies, while Shenzhen Component Index advanced 3.4 percent to 11,372.18.
Banking and brokerage sectors rebounded from the sharpest slide since 2008, with Bank of China and Haitong Securities jumping to the daily limit of 10 percent. Ningbo Bank Heren Nike Air Max 2018 Elite Army Groen Kopen , Huaxia Bank, Merchants Securities, Huatai Securities, Sealand Securities and CITIC Securities advanced more than 6 percent.
The loss on Monday followed an announcement by securities watchdog Heren Nike Air Max 2018 Elite Wit Zwart Kopen , China Securities Regulatory Commission, that there will be punishment for con-complaint margin trading activities. Haitong, CITIC and Guotai Junan Securities were suspended from lending money and stocks to new clients for three months.
Deng Ke, spokesman for China Securities Regulatory Commission Heren Nike Air Max 2018 Elite Zwart Rood Kopen , denied speculation that the authority intended to suppress the stock market with negative news after the market closed. The Shanghai index rebounded 1.8 percent on Tuesday.
Energy stocks edged up on Wednesday, as oil magnets PetroChina and Sinopec gained 7.3 and 4.4 percent respectively, and SDIC Power and Shenzhen Nanshan Power jumped more than 5 percent.
According to data released by the National Bureau of Statistics said on Tuesday, China's economy grew by 7.4 percent in 2014 Heren Nike Air Max 2018 Elite Zwart Wit Kopen , registering the weakest growth in 24 years but in line with market expectations.
The CSI 300 Index gained 4.5 percent on Wednesday and closed at 3,548.89.
USERS of iPhone find it difficult to switch off Wi-Fi and Bluetooth after they upgrade their phones to the latest operating system iOS 11, which may consume unexpected power and data traffic and bring potential security risks.
Industry insiders warned users to be more cautious before the system update and wait for further updates.
Besides new features and changes, the new iOS 11 has its own bugs and software problems Nike Air Max Flair Kopen , like every major release of iOS, such as poor Wi-Fi connectivity, random connection drops and slow Internet speed, according to media report and forum posts.
In China Nike Air Max 1 Master Kopen , people don’t seem fond of the new Control Center, which can’t really switch off Wi-Fi and Bluetooth features after disconnecting ongoing connections. The networks are still “ready” for new connections like other Wi-Fi networks and devices like Apple Watch.
With the new system, users find the setup “unfriendly and unclear” and out of battery within “three to four hours”. Some tech-savvy users choose to downgrade the new system to the previous one, which is not recommended by Apple Nike Air Max 96 Kopen , according to posts in a Chinese social website.
“In an attempt to keep you connected to Apple devices and services, iOS 11 compromises users’ security,” said the Electronic Frontier Foundation.
by Matt Burgess
SYDNEY， June 3 (Xinhua) -- Historically high storage levels and record low shipping rates are weighing on Australia's Asian market access for grain， leading some to sound alarm bells.
Low benchmark prices for grains are likely to continue into the coming years as the world is awash with wheat with key exporters running at record storage highs.
However fallout from the Global Financial Crisis and a chronic excess capacity of shipping have seen daily bulk carrier charter costs also fall from approximately 80，000 U.S. dollars per day in 2008， to around 4，500 U.S. dollars per day.
Australia has had a natural freight advantage into Asian grain markets - particularly Indonesia - due to regional proximity， but the now historically low freight rates are making non-traditional Asian exporters more competitive.
Rabobank data suggests Australia's share of the Indonesian wheat market has dropped from 64 percent to 55 percent in the past five years， meanwhile Black Sea wheat increased three percent per year over five years， to 16 percent in 2015.
At present depressed freight levels， its approximately 15 U.S. dollars per ton cheaper to ship grain from Russia's Black Sea port to Indonesia - approximately 7500 nautical miles - than it is from Perth on Australia's east coast， just under 1300 nautical miles away.
"It's a bit of globalization in action，" Mecardo grains analyst Andrew Whitelaw told Xinhua.
"It's not like fruit and vegetables， you can ship (grain) anywhere in the world and it doesn't spoil."
AUSTRALIA LOSING EXPORT WAR
A loss of market access has led some， including local giant GrainCorp， to claim Australia and other major wheat producers are loosing the export war to the Baltic states. U.S. wheat exports dropped just under 10 percent to their lowest level since 1972， despite storage levels hovering at five-year highs.
"Origins like the Black Sea will be competitive further away from the (source)， particularly the Asian region，" Commonwealth Bank of Australia agri-strategist Tobin Gorey told Xinhua， adding price response is starting to occurring in the Australian market.
GrainCorp has cut the price it pays its farmers for grain， however with prices already at record lows， Gorey can't see it going much further with prices already adjusting to the glut， though exporters are beginning to factor in competitive shipping rates.
"Maybe some volatility surrounding the (looming) U.S. harvest this year for their winter wheat，" Gorey said.
"They've got a whole lot there， and they've obviously got a whole lot more to harvest."
AUSTRALIA NEEDS TO HEDGE RISKS
The best way to remain competitive is reduce the price of grain， however higher labor costs and lower yields - Australia is dry compared to Baltic states . Soccer Jerseys Cheap MLB Jerseys Wholesale NHL Jerseys China NFL Jerseys Wholesale College Jerseys Wholesale NBA Jerseys Wholesale Soccer Jerseys From China College Jerseys China MLB Jerseys From China NHL Jerseys From China |
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