Sunday, June 3, 2007

China's Stocks Plunge to Their Lowest in Five Weeks; Tsingtao Beer Tumbles

(Bloomberg) -- China's stocks fell to a five-week low
low after official media said the slide in shares since stamp
duty was tripled last week is a normal adjustment, suggesting
the government won't act to stem the decline.

Tsingtao Brewery Co. is among about 100 companies in the
index that fell by the 10 percent daily limit.


Read more at Bloomberg Emerging Markets News

No comments: