Market braces for more gloom
By Jin Jing | China Daily | Updated: 2008-07-02 07:37
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A man stands in front of a screen displaying stock information at a bourse in Wuhan, capital of Hubei province, yesterday. The Shanghai Composite Index closed at 2651.61 points yesterday, reaching a 17-month low. Jin Siliu |
SHANGHAI: When Chinese investors pumped their savings to fuel a feverish stock market last year, regardless of repeated warnings by the authorities to exercise prudence, few would have thought that their market assets would plummet by nearly 50 percent in half a year.
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