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Thread: A-share market, the worst stock market in the world!
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[quote=JIMMYB,299730]According to the statistics, the Shanghai Composite Index decreased by 20.31 percent last month, the biggest slump per month in recent 14 years. In the first half of 2008, it has slumped by 48 percent, becoming the worst stock market in the world. It is said that about 90 percent have lost a lot of money in A-share market. Presently, the total market value of Shanghai and Shenzhen stock market has decreased from 32 trillion yuan to 17.8 trillion yuan. About 15 trillion yuan has evaporated. Meanwhile, many analysts say that the prospect of A-share market in the second half of this year might not be optimistic. Although the index has fallen by 51 % from its peak (6124 points) to around 3000 points (to be specific, below 3000 points), it might continue to fall. The new lowest level might be at 2500 points.[/quote]
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