City Guide
Answers
Login
Home
/
Community
/
Forums
/ Post a Reply
Post a Reply
Thread: Chinese stocks slumped on Tuesday!
Title:
(100 characters at most)
Content: ( 3,000 characters at most, please )
You can add emoticons below to your post by clicking them.
[quote=JIMMYB,294821]On Tuesday, Chinese stocks had their biggest slump from February. The Shanghai Composite Index dropped 8.11 pecent, cloasing at 3206.56 points. "The magnitude of the latest RRR hike took many by surprise and is fueling further cautiousness, as investors consider the impact of soaring commodity prices on the Chinese corporate sector. This latest action came less than a month after the previous RRR hike and demonstrates that the government's tightening campaign remains in force. It also reflects concern that May M2 growth could accelerate from 16.9% in April." FT reported.[/quote]
characters left
Name:
Get a new code
Copyright © 1998-2025 All rights reserved.