Is the Chinese Stock Market Bust Here?
Aggregated Source: China Stocks News and Analysis from Seeking Alpha
February 5, 2008|
Has the Chinese Stock Market bust arrived? Or, has a harsh winter merely caused a temporary pause in the growth of the Shanghai Composite?
The Shanghai Composite,
which monitors the major Chinese stock markets, fell 9.3% last week,
closing at 4,320.77 on Friday’s trading session. This leaves the
composite at nearly 30% less than last October’s historical highs. The
Shanghai Composite’s weekly performance has not closed this poorly
since May 16, 1997.
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