Tuesday, May 29, 2007 1:45:40 PM
China's stock market hits record:
Snippet:
Chinese shares have continued rising at a breakneck pace, pushing Shanghai's main stock index through the 4,000 mark for the first time.
Shanghai's benchmark CSI 300 index closed up 2.6% at 4,090.57. It has doubled in value this year and quadrupled since the start of 2006.
However, some analysts have warned that a stock market bubble is being created.
Last week, former Federal Reserve chairman Alan Greenspan warned that the Chinese stock market could undergo a dramatic correction...
According to industry figures, 300,000 people a day opened brokerage accounts in China last week...
http://news.bbc.co.uk/2/hi/business/6697451.stm
Snippet:
Chinese shares have continued rising at a breakneck pace, pushing Shanghai's main stock index through the 4,000 mark for the first time.
Shanghai's benchmark CSI 300 index closed up 2.6% at 4,090.57. It has doubled in value this year and quadrupled since the start of 2006.
However, some analysts have warned that a stock market bubble is being created.
Last week, former Federal Reserve chairman Alan Greenspan warned that the Chinese stock market could undergo a dramatic correction...
According to industry figures, 300,000 people a day opened brokerage accounts in China last week...
http://news.bbc.co.uk/2/hi/business/6697451.stm
Beware Bull's Ready to Run - Before investing $ do your own dd. All posts are my opinion.
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