Shanghai Composite index down 2.1% at midday break

Discussion in 'Trading' started by ASusilovic, Apr 27, 2010.

  1. Mainland Chinese shares extend losses in the Tuesday morning session, with sharp retreats in commodity producers further pressuring markets already weighed by fears of policy tightening, especially in the property sector. At the midday break, the Shanghai Composite Index had dropped 2.1% to 2,906.35, while the CSI 300 index, the underlying benchmark for index futures, shed 2.1% to 3,104.85.

    Funny enough China and Hong Kong are not making new highs for weeks now - although our US superstar indices give a sh.t about this fact. Time to recognize what's going on...
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    china's RE sector will go down more, all signs indicate major bubble break unfolding.

    this seems bigger than what we had two years bck.