HONG KONG
Share prices closed higher led by China stocks as the Shanghai bourse extended Friday’s 9.5 pct surge after Beijing took more measures to support its markets. Investors also welcomed the US government’s rescue plan for banks, though there are some doubts whether the bailout would end all the problems in the US. The Hang [...]
Filed under: Hong Kong Stocks, Chinese Stocks, China Property Market, Market Summary, Shenzhen Stock Exchange, Taipei Stock Market by CSMR
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China B-shares finished the morning session sharply lower, reacting to Wall Street’s over 4 pct tumble after the US government’s takeover of AIG failed to restore confidence in the financial system.
All stocks in the B-share market finished in negative territory, and more than 20 fell by the 10 pct daily limit.
The Shanghai B-share Index fell [...]
Filed under: Chinese Stocks, Market Summary by CSMR
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China A-shares closed sharply lower for a second day after China Merchants Bank announced a large exposure to Lehman Brothers, raising concerns about how much of the latter’s securities are held by other financial institutions.
China Merchants Bank (SSE:600036, HKG:3968) fell 9.96 pct to 14.47 yuan after tumbling almost 10 pct yesterday. It said it holds [...]
Filed under: Chinese Stocks, Market Summary by CSMR
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Filed under: Chinese Stocks by CSMR
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