SHANGHAI, China, March 11 /PRNewswire/ -- The closing price for the
FTSE/Xinhua China 25 Index (NYSE: FXT) for Thursday, March 11, 2004 was
8,270.01. This was down 2.71 percent from the previous day's close.
The FTSE/Xinhua China 25 Index closed lower led by losses in property
counters as investors reduced their positions amid the sector's corporate
results reporting season, dealers contacted by Xinhua Financial Network said.
The FTSE/Xinhua China Index is a tradable index for international
investors seeking to track the prospects of the largest 25 companies in the
People's Republic of China. It is one of a series of indices jointly produced
by Xinhua Financial Network and the FTSE which is jointly owned by the
Financial Times Group Ltd., a unit of Pearson PLC and the London Stock
Exchange.
FTSE/Xinhua Index Limited ("FXI") is a Hong Kong incorporated, joint
venture company between FTSE, the global index provider, and Xinhua Financial
Network. The company was created to facilitate the development of real-time
indices for the Chinese market that can be used as performance benchmarks and
as a basis for derivative trading and index tracking funds.
SOURCE Xinhua Financial Network
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