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Thread: Chinese shares went down sharply

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[quote=ICEBERG,267827]During recent 10 trading days, Chinese stock market has experienced its up-and-down. In total, about 6.37 trillion yuan has lost. Shanghai Composite Index has gone down 1078.61 points. Yesterday, Shanghai's composite index dropped 7.2 per cent to 4,419.29, leaving it 28 per cent below an all-time high struck in October last year.

On the other hand, those big companies also have lost severely. China Petroleum plunged down about 8 percent. Such as Datang International Power, Air China, China Petroleum, and China COSCO, the shipping group fell the maximum daily limit.

In recent days, heavy snow in the east of China transport and power supplies. Some people analyse that this frightens those investors and casued drastic drop in Chinese stock market. What do you think? Are there any other reasons? A couple of days ago, some analysts said that Chinese stock market would keep its momentum this year. At least, the bull market will be last for a long time. Why does it fall unexpectedly?[/quote]

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