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Worrying About China's Banks

Posted on September 23, 2008

While Monday s stock market, led by the banks, continued Friday s big bounce back, rising 7.8% to add to Friday s 9.5% surge, leaving us at a 2-week high (largely on buyback talk, I think), worries about the banking sector actually seemed to be deepening. Tuesday, perhaps in response, the stock market was a lot more confused, with the SSE Composite gaining or losing 50 points five times, before closing down 35 points at 2202, for a loss over the day of 1.6%. Most other indices many of which track market value much better than the widely followed SSE Composite fell by a lot mo...

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china , sse