Tuesday, February 27, 2007

China Stock Market suffers a meltdown - February 27,2007

The China Stock Market fell about 9% today on concerns and fears of stricter government controls/crackdowns. Investors sold down their share holdings and the market experienced its biggest one day loss in a decade. (Just on the news.)

Asian Contagion has set in as most of the regional markets were also down in today's trading.
Malaysia -2.81%
Singapore -2.29%
Hong kong -1.76%
Philippines -1.44%
South Korea -1.05%
Japan -0.52%

No comments: