Tuesday September 11, 2007

Chinese share prices slump 4.5% amid jitters of tightening policy

news.xinhuanet.com :

China's share prices tumbled down 4.51% on Tuesday [11 Sep 2007] as investors are worried about possible tightening measures following the consumer prices rose a record high of 6.5% in August. The benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 5,113.97 points, down 241.32 points from the previous close.

- Inflation is roaring over there. Read on the local paper recently (about a week or two back) that the price of pork has gone up 70% year-on-year in China.

(2007-09-11 16:56:30 SGT) [Biz] Permalink Comments [1]

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