Chinese shares went down at least 2 percent

Chinese shares went down at least 2 percent
Jan 18, 2008 00:21
LEOPOLD219 Points: Join Date: Feb 7, 2007 Status: offline	After the central bank declared to raise the reserve ratio by 0.5 percent to 15 percent, shares in Shenzhen and Shanghai Stock Exchanges went down about 2.6 percent. The Shanghai Composite Index and Shenzhen Component Index separately went below 5200 points and 18000 points. To be specific, shares of PetrolChina fell 2.09 percent, Sinopec 6.48 percent. Chinese banks also slumped. Shares of Industrial and Commercial Bank and China Construction Bank plunged at least 5 percent. Chalco went down 5 percent. However, Hang Seng Index in Hong Kong and Tokyo's Nikkei 225 index rose more than 2 percent.

Jan 18, 2008 00:21

LEOPOLD219
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Join Date: Feb 7, 2007
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After the central bank declared to raise the reserve ratio by 0.5 percent to 15 percent, shares in Shenzhen and Shanghai Stock Exchanges went down about 2.6 percent. The Shanghai Composite Index and Shenzhen Component Index separately went below 5200 points and 18000 points.

To be specific, shares of PetrolChina fell 2.09 percent, Sinopec 6.48 percent. Chinese banks also slumped. Shares of Industrial and Commercial Bank and China Construction Bank plunged at least 5 percent. Chalco went down 5 percent. However, Hang Seng Index in Hong Kong and Tokyo's Nikkei 225 index rose more than 2 percent.

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