Impact of quake may be modest
By Jin Jing | China Daily | Updated: 2008-05-14 07:40
SHANGHAI: The earthquake in Sichuan province on Monday raised some concern in the mainland stock market, but is not expected to have too much of an impact on individual companies' performances and investor sentiments.
Although the full extent of the damage is still unclear, analysts said they expect earnings of companies in infrastructure, transportation, electricity and tourism industries in Sichuan and Chongqing, such as Sichuan Minjiang Hydropower Co Ltd, will take a mild hit.
The Shanghai and Shenzhen stock exchanges yesterday temporarily suspended trading of 66 listed companies based in Sichuan and Chongqing as a precautionary measure.
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