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Article: Chinese stock market slump sends shockwaves through global markets
- Article from:
- Xinhua News Agency
- Article date:
- February 28, 2007
CopyrightCopyright 2007 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Chinese stock market slump sends shockwaves through global markets
BEIJING, Feb. 28 (Xinhua) -- The highest daily slump to hit
China's stock markets for ten years on Tuesday triggered a domino
effect on global capital markets.
Industry observers said on Wednesday that the shock waves felt
around the world were a clear sign that China's stock markets have
become an important barometer for the world financial community.
"If the Chinese markets catch a cold, the major markets around the
world will sneeze," Teng Yin, an analyst with Everbright Securities,
quipped.
"This is the first time that Chinese stock markets have affected
global markets significantly, but it won't be the last," Teng ...