ASX 0.52% $59.69 asx limited

Shanghail market lost another 8 to 9 % yesterday and > 5% this...

  1. 1,050 Posts.
    Shanghail market lost another 8 to 9 % yesterday and > 5% this morning. Thanks to Mr Greenspan's comment... Experts think they will fall further because it is still > 30% over value (according to CNBC news), they also believe China Authority will continue to cool down the "speculation in the market" by impose capital gain tax etc... or the heat of commodity (carry trade?) pushed by china boom?
    What else? it will eventually make chinese market (stocks) a lot cheaper compare to the rest of the world and extract more oversea investors...

    Let's wait and see.
 
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