Archive | May 30, 2007

Shanghai Drops, But Nikkei and Asia Losses Limited

By on May 30, 2007 in Market Summary

The Chinese govt. raised the stamp tax for equities trading to 0.3%, from 0.1%, which effectively sent shares down broadly, worst for B-shares at ~-9%. Selling in China doesn’t appear, at least this point, that it will spill over too much, as it did in late Feb. In fact, there are some asking whether China [...]

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