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Wednesday, July 27, 2016 9:04:33 AM
https://www.google.com/finance?q=SHA%3A601388&ei=drGYV7HqAc_BepL0udgI
Those are just 2 of their similar industry companies, with similar market caps, but if you scroll down, you'll see they ALL got hammered last night. Crazy, right?
I guess it doesn't really mean anything if they ALL took it on the chin!!! Just my neophyte interpretation.
I wonder if this is more major shareholders pulling out or the Chinese market followed the U.S. selloff. I think the latter if you're considering a macro point of view, which when you consider the broader Chinese market sell-off, it appears to make sense instead of just Eon falling.
Double-checked - although China manufacturers got hit especially hard, the Chinese markets were off 2% overall! Yikes!
http://money.cnn.com/data/world_markets/asia/
Anyhow, have a great day!
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