2007年VOA标准英语-Stocks in Asia Close Sharply Lower

By Heda Bayron
Hong Kong
28 February 2007
 
watch Sean Maroney report

Share prices in the Asia-Pacific region closed sharply lower following heavy selling in China and the United States. Government officials tried to calm the market, saying their economies remain strong. VOA's Heda Bayron reports from Hong Kong.

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A man looks at a stock indicator showing down arrows in Tokyo, 28 Feb 2007

Japan's Nikkei 225 index closed nearly three percent lower Wednesday at 17,604. Shares in Hong Kong fell 2.5 percent, with the Hang Seng ending at 19,651. In Australia, stocks dropped 2.7 percent, while share prices in the Philippines tumbled eight percent.

Stock analysts² say investors³ were spooked by the heavy sell off in China Tuesday that reverberated⁴ across the globe. China's main Shanghai stock index plunged⁵ almost nine percent Tuesday - its worst loss in 10 years. That and Wall Street's sharp decline hours later raised worries of weakness in the U.S. and Chinese economies.

Officials in the region tried to calm the markets. Japanese Chief Cabinet Secretary Yasuhisa Shiozaki said Japan's economic recovery is continuing. Australian Treasurer⁶ Peter Costello said the economy is on solid ground.

"I would expect that following events in China there will be volatility⁷ in the equity⁸ market for some time," he said. "But Australia being one of the strongest performing economies in the world is well braced⁹ to deal with shocks that may be coming from overseas."

In Kuala Lumpur, where share prices fell more than three percent, the head of the country's stock exchange Yusli Mohamed Yusoff said he remains¹⁰ optimistic about the market's performance in the medium term.

Some analysts say the regional sell-off may only indicate that investors are taking profit following massive gains in recent weeks. The analysts say the selling is not the start of a market meltdown like that seen in 1997, at the start of the Asian economic crisis.

"Most markets around the world have recently reached record highs, so you could argue that some sort of correctional consolidation¹¹ was due anyway, and they now have the trigger," said Howard Gorges¹², vice¹³ chairman of South China Brokerage in Hong Kong.

The market that started the sell off, Shanghai, rebounded¹⁴ somewhat Wednesday. The Shanghai Composite index gained nearly four percent to close at 2,881.

1 indicator   

n.指标；指示物，指示者；指示器

参考例句：

• Gold prices are often seen as an indicator of inflation.黃金价格常常被看作是通货膨胀的指标。
• His left-hand indicator is flashing.他左手边的转向灯正在闪亮。

2 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

3 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

4 reverberated   

回响，回荡( reverberate的过去式和过去分词 )； 使反响，使回荡，使反射

参考例句：

• Her voice reverberated around the hall. 她的声音在大厅里回荡。
• The roar of guns reverberated in the valley. 炮声响彻山谷。

5 plunged   

v.颠簸( plunge的过去式和过去分词 )；暴跌；骤降；突降

参考例句：

• The train derailed and plunged into the river. 火车脱轨栽进了河里。
• She lost her balance and plunged 100 feet to her death. 她没有站稳，从100英尺的高处跌下摔死了。

6 treasurer   

n.司库，财务主管

参考例句：

• Mr. Smith was succeeded by Mrs.Jones as treasurer.琼斯夫人继史密斯先生任会计。
• The treasurer was arrested for trying to manipulate the company's financial records.财务主管由于试图窜改公司财政帐目而被拘留。

7 volatility   

n.挥发性，挥发度，轻快，（性格）反复无常

参考例句：

• That was one reason why volatility was so low last year.这也是去年波动性如此低的原因之一。
• Yet because volatility remained low for so long,disaster myopia prevailed.然而，由于相当长的时间里波动性小，灾难短视就获胜了。

8 equity   

n.公正，公平，（无固定利息的）股票

参考例句：

• They shared the work of the house with equity.他们公平地分担家务。
• To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

9 braced   

adj.拉牢的v.支住( brace的过去式和过去分词 )；撑牢；使自己站稳；振作起来

参考例句：

• They braced up the old house with balks of timber. 他们用梁木加固旧房子。 来自《简明英汉词典》
• The house has a wooden frame which is braced with brick. 这幢房子是木结构的砖瓦房。 来自《简明英汉词典》

10 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。

11 consolidation   

n.合并,巩固

参考例句：

• The denser population necessitates closer consolidation both for internal and external action. 住得日益稠密的居民，对内和对外都不得不更紧密地团结起来。 来自英汉非文学 - 家庭、私有制和国家的起源
• The state ensures the consolidation and growth of the state economy. 国家保障国营经济的巩固和发展。 来自汉英非文学 - 中国宪法

12 gorges   

n.山峡，峡谷( gorge的名词复数 )；咽喉v.（用食物把自己）塞饱，填饱( gorge的第三人称单数 )；作呕

参考例句：

• The explorers were confronted with gorges(that were)almost impassable and rivers(that were)often unfordable. 探险人员面临着几乎是无路可通的峡谷和常常是无法渡过的河流。 来自辞典例句
• We visited the Yangtse Gorges last summer. 去年夏天我们游历了长江三峡。 来自辞典例句

13 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

14 rebounded   

弹回( rebound的过去式和过去分词 )； 反弹； 产生反作用； 未能奏效

参考例句：

• The ball rebounded from the goalpost and Owen headed it in. 球从门柱弹回，欧文头球将球攻进。
• The ball rebounded from his racket into the net. 球从他的球拍上弹回网中。