Chinese equities edged down 0.19 percent on February 11, declining for the first time in four trading days, following an overnight slump on Wall Street as investors were disappointed the new Financial Stability Plan did not offer more details on buying toxic assets.
The Shanghai A-share index fell 4.34 points, or 0.19 percent, to close at 2,260.82, but the Shenzhen Component Index was up 0.29 percent, or 23.66 points, to 8,289.21.
Combined turnover was 267.93 billion yuan (US$39.23 billion), up from 213.81 billion yuan on the previous day.
US Treasury Secretary Timothy Geithner announced a comprehensive Financial Stability Plan Tuesday morning, unveiling a new bailout package that could top US$1.5 trillion to restore the US ailing financial system.
However, Geithner gave no details on how the new joint entity would price the toxic assets.
Overnight, the Dow Jones fell 381.99, or 4.62 percent, to 7,888.88. The Standard & Poor's 500 index dropped 42.72, or 4.91 percent, to 827.17 and the Nasdaq slid 66.83, or 4. 20 percent, to 1524.73.
(Xinhua News Agency February 11, 2009)
