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China: Expectations for Fiscal Expansion a Little Hasty

Posted on October 07, 2008

As expected, Monday saw pretty awful performances on the local stock exchanges, with the SSE Composite down 5.2%, followed by a 0.7% loss Tuesday. Given what is happening around the world this is pretty standard stuff, but it does put an effective end to the latest attempt by the government to rally markets. Unless we get some more interference from the government, or a big rally abroad, we are going to drift back down to test last month s lows. ...

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china , sse