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A-Shares Below 4,200 While Western Markets Rise
macro
Posted by: Li Jun on Mar 12, 2008 | 18:03
Editorial Summary
The Shanghai Composite Index slumped 2.3 percent on Wednesday to close at 4,070.1, while the Shenzhen Composite Index plunged 2.54 percent to close at 1,290.8. Trading volume on the Shanghai and Shenzhen Stock Exchanges shrunk to RMB88.7 billion and RMB38.3 billion, respectively.
US and European markets were up on Tuesday after the US Federal Reserve and other central banks announced plans to increase liquidity of the global financial system. The Federal Reserve said it would lend up to US$200 billion of 28-day treasury securities to US financial institutions, reports Xinhua.
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