China’s Markets Down More than US
April 7th, 2008An LA Times blogger posts here on recent declines in China’s stock markets, noting:
The Shanghai index rocketed from 1,000 in mid-2005 to cross 6,000 in October, drawing in millions of investors and speculators along the way.
But prices fell sharply in November amid a global stock sell-off fueled by worries over the U.S. credit crunch. Despite a rally in early January the market was never able to regain its previous momentum.
And since mid-January selling has beget more selling: The Shanghai market has fallen in 11 of the last 12 weeks