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Thread: Mainland stock market slumped yesterday
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[quote=ZOEY,272180]Yesterday, Shanghai Stock Exchange suffered a serious slump. The composite index fell about 4.1 percent to 4,192.53. Compared with the high record in last Oct., it declined 31.5 percent. The turnover in A share market shrank to 93 billion yuan. Affected by this, the Hang Seng went down 0.2 percent and H-shares declined 1 percent. It is said that some big shares will be issued in the near future. Those investors are afraid that the liquidity will be restrained a lot by it. Some people analysed that the suffer had something to do with the central bank. Not long ago, the central bank decided to reduce the money supply to curb the inflation that is the hightest in recent 11 years.[/quote]
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