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No Rest for the Chinese Stock Market
Posted on September 14, 2008
There is still no respite for the Chinese stock market (or, for that matter, of any of the other global stock markets). On Thursday the SSE composite fell more or less in a straight line, losing 72 points, or 3.3%, rising a single point on Friday to close at 2079. We are now less than 4% away from 2000, yet another barrier that may not prove to be much of a barrier. There is no lack of bad news on the economy to drive the stock market down. Thursday saw the release by the PBoC and the National Bureau of Statistics of another big batch of data, and it seems pretty clear that the econ...
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