China's Benchmark Stock Index Tumbles 4.9 Percent, Biggest 1-Day Loss in 8 Months
"SHANGHAI, China (AP) -- That loud hiss you hear is the sound of some froth escaping from China's stock markets.
For months an equity bubble had been growing in China, led by a rush of investment after authorities instituted reforms aimed at controlling price manipulation and other abuses that had made investors shy away from Chinese shares."
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