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VVance
6587 Posts |
 Posted - 08/12/2008 : 04:53:40 AM
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Stocks slide to lowest in 19 months
Last Updated(Beijing Time):2008-08-12 07:21
Led by a plunge in metal and energy stocks, the benchmark index of the Chinese stock market Monday lost more than 5 percent to fall to its lowest level in 19 months amid growing concern about a slowing economy.
Massive unloading of Olympics-related stocks, such as tourism and catering, also weighed down the key indicator.
The Shanghai Composite Index plunged 5.21 percent to reach a 10-month low. [Asianewsphoto]
The benchmark Shanghai Composite Index slid 5.21 percent to 2470.07 points, with the turnover amounting to 41.5 billion yuan, down 10 percent from the previous trading day.
The smaller Shenzhen Component Index also sank 5.64 percent to close at 8170.15 points.
Together with the decline of 4.47 percent last Friday, the index plunged a total of almost 10 percent in two trading days.
http://en.ce.cn/subject/chinamarkets/mktstock/200808/12/t20080812_16458664.shtml |
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SkyChimp
77 Posts |
Posted - 08/12/2008 : 04:55:29 AM
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| Well I guess that means America will need to borrow money from Gotham City from now on. |
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Coffee Is 4 Clos
1739 Posts |
Posted - 08/12/2008 : 06:07:33 AM
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| I moved to Metropolis 2 years ago- best move I ever made! |
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VVance
6587 Posts |
Posted - 08/12/2008 : 08:14:41 AM
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| Odd...very little press about this event... |
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nw@8brook
538 Posts |
Posted - 08/12/2008 : 10:29:18 AM
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| inflation is going to destabalize the country about a month after the games are over. My take is, you will see the money that are in the chinese stock market migrating to Wall street. I think that could be a shot of capital we sorely need. |
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benjamin
6964 Posts |
Posted - 08/12/2008 : 3:38:33 PM
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Communist Chinese market.
Need a lung or liver? |
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bestbet123
1690 Posts |
Posted - 08/12/2008 : 3:54:57 PM
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Yes....hmmmmm...very strange.....wonder why?don't they have their own first amendment there?
quote:
Originally posted by VVance
Odd...very little press about this event...
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VVance
6587 Posts |
Posted - 08/12/2008 : 3:59:14 PM
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Indeed they do!
The media in this country, completely ignoring this market drop has me wondering why. |
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