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marmar Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-20-08 12:22 AM
Original message
China's Main Stock Index Down More Than 6 Percent
AP, via Yahoo!:


Shanghai Index Down More Than 6 Percent
Thursday March 20, 12:56 am ET
China's Main Stock Index Down More Than 6 Percent; Hang Seng, Kospi Also Lower in Early Trade


HONG KONG (AP) -- Asian stock indexes fell in early trading Thursday as investors took a cue from overnight losses on Wall Street.
China's benchmark Shanghai Composite Index was down 6.5 percent to 3,516.33 amid mounting worries over the likely impact of a U.S. recession on China's own booming economy.

Hong Kong's blue chip Hang Seng index fell 4.4 percent to 20,896.14 after the market opened Thursday.

Elsewhere in Asia, South Korea's Kospi Composite Index fell about 1.6 percent. Japanese markets are closed for the Vernal Equinox holiday.

The Asian markets tracked weakness on Wall Street, where the Dow Jones industrial average fell 2.4 percent to 12,099.66 Wednesday.

http://biz.yahoo.com/ap/080320/asia_markets.html
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DemocratInSoCal Donating Member (402 posts) Send PM | Profile | Ignore Thu Mar-20-08 12:30 AM
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1. But I Thought Everything Was Fine. nt
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ZaDomSpremni Donating Member (31 posts) Send PM | Profile | Ignore Thu Mar-20-08 12:51 AM
Response to Reply #1
2. It is, and bush is a genius doncha know?
EVERYTHING will be fine nothing to see here.
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TML Donating Member (749 posts) Send PM | Profile | Ignore Thu Mar-20-08 02:28 AM
Response to Original message
3. I'm not surprised
It's reaction to yesterday's "giveback" of most of that 400+ gain the other day.
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