Monday, June 4, 2007

Will it burst or won't it?

China equities are down 7.7% today, with over half the equities in the CSI300 dropping by the maximum 10%. They've fallen 16% since the stamp duty was trebled on May 29th. Is this the beginning of a serious correction, or just a short-term aberation? Only time will tell.

For the latest Bloomberg news story on the action, check here.

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