Friday, June 1, 2007

China's Stocks Decline on Speculation of New Measures to Cool Market Rally

(Bloomberg) -- China's shares fell, erasing earlier
gains, on concern the government will step up efforts to cool the
market after a tripling of the tax on securities trades failed to
deter new investors.

About 100 stocks, or a third of the CSI 300 Index's members,
fell by the 10 percent daily limit, including Bright Dairy & Food
Co. and Dongfeng Automobile Co.


Read more at Bloomberg Stocks News

No comments: