5.14 Percent Stock Sell-off in China
Sell-off in the global financial markets sends Chinese stock market.
Shanghai Stock Exchange Composite Index was down 5.14 percent, or 266.07 points, its biggest decline since July 2007.
Of the 1235 stocks sell-off, 660 stocks were down more than 5 percent, including 28 stocks down 10% percent.
Particularly, the heavy-weight stocks like China Shenhua, China Life were badly beat today.
"For the reason of a new round market adjustment, the ShanghaiStock Exchange Composite Index has passed through 5000 easily, and down to 4914.44 by the end of the market close today; it's wise to keep watch of the market for a while. Pay attention to scale out of your trades," said analyst at Shenyinwanguo Securities in Shanghai.
Risks are more than chance now.
But others may say: "This is a sign of a new round of investment chance. Just better luck next time."
What do you say?
POSTED IN: Doing Business in China
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