Aluminum Corp. of China Ltd. (ACH)

[Maddog]

Looks like a buying opportunity today

Chinese ADRs tumble after official warns of bubble


Last Update: 10:08 AM ET Jan 31, 2007


NEW YORK (MarketWatch) -- U.S.-listed shares of Chinese companies tumbled Wednesday, tracking steep losses in their home market after a senior legislator said the market may be overheated after a 130% gain in 2006. The comments by Cheng Siwei, vice-chairman of the standing committee of the National People's Congress, in an interview with the Financial Times, raised concerns the Chinese government may take official action to cool speculation after the market hit a record high last week. Chinese ADRs fell across the board.