Thursday, July 5, 2007

Chinese shares continued yesterday’s decline and dived sharply Thursday as lack of confidence and worries about further tightening policies drove investors into panic selling.

Shanghai index plunges 5.25% amid panic selling

The Shenzhen Component Index, tracking the smaller Shenzhen Stock Exchange, followed suit by falling 725.56 points and closed at 11,783.58, with a turnover of 11.24 billion yuan. The combined transaction volume of both markets is merely 85 billion yuan, the lowest in the past three months.

Posted by worried @ 11:50 PM (341 views)
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