Wednesday, August 19, 2009

Keep an eye on this:

Shanghai stocks dropped 4.3% amid concerns over further tightening in credit conditions and a lack of market-supportive measures from Beijing. The index is now down about 20% since its Aug. 4 peak.
That's a lot of down in two weeks. The Shanghai market rose a lot this year, and maybe it's headed back to where it started. That could have implications for bourses worldwide.

HMM: Spell check within dialogue box doesn't like "bourses". But it's a legitimate word and not all that rare.


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