Monday, May 09, 2005

economy - Shares enter free fall

Shanghai stock markets

Shares at the domestic stock markets entered into a free fall after trade reopened after the May holidays. The long anticipated drop was triggered off by the permission to sell the previously non-tradable shares of four state-owned companies, the start of much more.
Value of shares fell ten percent - the maximum change allowed on one day - within the first 30 seconds of trade. The financial authorities do need a strong stomach in the coming weeks.

Books on China's stock exchange

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